Blackstone, MA December 08 Market Report

In my continuing efforts to keep my customers educated on the current market conditions, I have compiled some statistics for you on recent home sale trends and a comparison to previous years.

Town of Blackstone, MA

December 08 Market Statistics     

This information is obtained from the Multiple Listing Service (MLS) in the state of Massachusetts.

Based on the Month comparison information above, it could be considered a Buyers market.

• The number of homes sold has significantly decreased from the same month last year at this time.
• The average selling price has significantly decreased from last year, although it is based only on 1 sold property. 
• The average DOM (days on market) has significantly decreased from last year, but again it is based on the sale of only 1 property being sold this month.

With both the Average Sale Price and Total Homes sold showing decreases, these are the major indicators that the market is weak and continued as such over this time period. REMEMBER in any one month statistics can be dramatic as the sampling size is small.

Based on the Yearly comparison information above, it could also be considered a Buyers market.

• The number of homes sold has decreased significangtly from last year at this time by almost 36%
• The average selling price has significantly decreased from last year by almost 9%. 
• The average DOM (days on market) has decreased slightly from last year.

Again with both the Average Sale Price and Total Homes sold showing decreases, these are the major indicators that the market is weak and continued to be weak over this period. This is a more significant period as it covers the full year and the sampling size is representative of what is truly happening in the Market for Blackstone.

For more info on the town of Blackstone click here       

For more info on Foreclosures in Blackstone  click  here              

For more infor on properties for sale in Blackstone click here

Real estate trends can vary greatly from town to town and region to region. If you are considering some other areas and would like market statistics for those areas, please contact me by clicking here  or this picture link: 

According to my lender partners, the interest rate for a 30 year fixed mortgage is currently 5.0% for a conventional loan and 5.5% for an FHA loan.(based on the date of this submission) So, all things considered, it is a great time to buy!

I hope that this information is useful to you. Please let me know if you would like any additional information or to begin a home search click here. I am always available to assist you.

• Michael Prescott, Realtor
• RE/MAX Innovation
• Serving Blackstone Valley and Worcester Counties
• mprescott@relocationma.com
• 877-266-9747 ext 281
• www.virtualhomes.com