Milford Massachusetts Real Estate Market Report February 2010
In February of 2010 there were 12 homes that closed within the month for Milford Massachusetts. This is an increase of 8 units, as there were 4 homes that closed in February of 2009.
The Average list price for the homes that closed in Milford for February of 2009 was $324,075
The Average list price for the homes that closed in Milford for February of 2010 was $222,742
The Average sale price for the homes that closed in Milford for February of 2009 was $303,829
The Average sale price for the homes that closed in Milford for February of 2010 was $211,123
The Average Market time for the homes that closed in Milford in February of 2009 was 147 days.
The Average Market time for the homes that closed in Milford February of 2010 was 75 days.
10 homes went under agreement in Milford MA in the month of February. The average list price of the homes that went under agreement was $360,228. The average time on the market for these Milford homes were 102 days.
January - December 2008 & 2009 Market Statistics for Milford Massachusetts
In Milford MA for the period of January to December of 2008 there were 196 properties sold.
In Milford MA for the period of January to December 2009 there were 172 properties sold.
In Milford MA for the period of January to December in 2008 the average list price was $290,813 the average sale price was $278,832 and the average market time was 165 days.
In Milford MA for the period of January to December in 2009 the average list price was $291,066 the average sale price was $280,552 and the average time on the market was 126 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Milford MA.
In comparing year over year longer term data for Milford Massachusetts, it appears that there has been a trend towards the stabilization of market values. Although the number of home sales dropped in 2009 it was not by a substantial margin. 2008 was an exceptional year for the number of transactions to begin with due to a large drop in overall housing prices as well as a number of foreclosures and short sales that were further discounted.
Milford has become quite attractive to the 1st time home buyers segment due to a large stock of inventory in the lower price points.
Click here to see previous Milford MA Real Estate Market reports.
Selling a home in Milford Massachusetts or other Metrowest town is heavily dependant on pricing your home properly and picking an agent that will create an "online market presence" for your home. As a home seller, you need to be aware that the market in Milford and many other Metrowest communities has changed over the last five years. We are no longer in a seller's market.
When selling a home in Milford Mass, it pays to have a pro in your corner representing you. Here are some Real Estate interview questions to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!
** Almost 90% of all buyers are finding their homes on the Internet. See where I advertise on-line to give my clients a dominant interner presence at Milford Massachusetts Real Estate Marketing. **
About the Author: This Milford Massachusetts Real Estate market report was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at firstname.lastname@example.org or by phone at 508-435-5356. Bill has helped people move in and out of Milford MA and other Metrowest towns for the last 24+ Years.
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I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Franklin, Grafton, Northbridge, Uxbridge, and Framingham MA.
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Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 24 years.
Bill Gassett is a thirty-two year veteran to the real estate industry. He enjoys providing helpful information to buyers, sellers and fellow real estate agents to make sound decisions. His work has been featured on RIS Media, National Association of Realtors, Inman News, Placester, RESAAS, Credit Sesame and others.