The October 2015 Sharon MA Home Sales Update shows that we have most definitely hit the slower time of year for the real estate market. Chilly nights tend to mean a chill in sales. However, both sales and prices are actually higher than last October. Here is this month's Sharon MA rundown.
October 2015 Sharon MA Home Sales Update
According to the MLS Property Information Network, a total of 13 Sharon MA homes were sold in October 2015. This was 27.8% lower than the 18 sold the previous month. But it was also 62.5% higher than the total sold in October 2014. The real estate market can fluctuate greatly from month to month. You get a more accurate picture of the state of the market by comparing it to the same time period every year instead.
The October 2015 Sharon MA Home Sales Update reported that the average sale price of a Sharon MA home was $485,781 last month. That was a 15.3% increase from last year. A 4 bed/1.5 bath, 2017 square foot Colonial sold for $349,900, the list price. Someone is the brand new owner of a 4 bed/2.5 bath, 3743 square foot Colonial in Sharon MA. They paid $927,000 for it, which was $17,000 over the list price.
What Sharon MA Buyers Need to Know
The October 2015 Sharon MA Home Sales Update showed a double-digit increase in prices from last year. Sales are also much higher. Homes in the area are staying on the market an average of 58 days before finding the right offer. The Federal Reserve is scheduled to meet mid-December. Interest rates are again a topic of interest. There is a lot of chatter among financial experts that this may very well be when they decide to increase rates. Mortgage interest rates will quickly follow suit. We won't know for sure whether this will happen or not until after their December meeting. Contact your Sharon MA Buyer Broker to find yourself a home before rates go up.
Learn more about Sharon MA in the Sharon Real Estate & Community Guide.
*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.