The first quarter of the year saw a decrease in both total home sales and prices. While total sales continued to be lower than last year, the April 2015 Stoughton MA Home Sales Report showed that prices were back up. Here is the rundown of what happened in Stoughton MA real estate last month.
The MLS Property Information Network reported that a total of 12 Stoughton MA homes were sold between April 1st and April 30th, 2015. That is a 25% decrease from the same time last year. A 2 bed/1 bath, 750 square foot property sold at the list price of $169,900 in just two weeks. At the same time, a 4 bed/3.5 bath, 3488 square foot custom Colonial in Tanglewood Estates sold for $555,000, $14,000 under list price.
The average price paid for a Stoughton MA home sold in April 2015 was $365,438. This was 18.1% higher than April 2014. The days a home was on the market was 75, 92.3% more time than the 39 days in April 2014. The sale price/list price ratio was slightly lower at 97%.
How does this affect the Stoughton MA Buyer? Total home sales dropped dramatically in February but have been steadily climbing each month. The average sale price has also increased each month in 2015. We won't know whether the Fed is going to increase interest rates until after their meeting next month. Currently, they are hovering around the 4% mark for a 30 year fixed-rate loan. If you want to lock in one of these historically low interest rates, you need to start looking for your next home now. Contact your Stoughton MA Buyer Broker to start your search now.
*All data used in this blog post is courtesy of the MLS Property Information Network, Inc. Homes sold outside of the MLS are not included in those numbers.