Home Prices in Danvers Massachusetts January 2016
Real estate market data for Danvers, MA provided by Ronald Dobrosielski of Dobi Team.
Danvers Home Prices
We have seen 36 straight months of listing price increases on home prices in Danvers Ma and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Danvers but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Danvers home on which you are making an offer.
If you are interested in how much current inventory is on the market in Danvers you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Danvers, homes have a median time of 58 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Redmond has multiple offers coming in on homes similar to what we saw back in 2006. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).
By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
The number of active listings in Danvers (01923) dropped by 23.8%from the previous month.
The median number of days active properties have been listed is 111.
Single Family Listings: 128 Avg. Liv.Area SqFt: 2,273.18 Avg. List$: $460,088 Avg. List$/SqFt: $219 Avg. DOM: 57.79 Avg. DTO: 27.22 Avg. Sale$: $457,630 Avg. Sale$/SqFt: $219
Find Homes for Sale in Danvers Ma
Visit my website to DobiRealEstate.com or to be notified when Danvers homes come on the market.