Milford Massachusetts Real Estate Market Report December 2007
In December of 2007 there were 9 homes that closed within the month for Milford Massachusetts. This is an decrease of 5 units as there were 14 homes that closed in December of 2006.
The Average list price for the homes that closed in Milford for December of 2007 was $291,936
The Average list price for the homes that closed in Milford for December of 2006 was $329,436
The Average sale price for the homes that closed in Milford for December of 2007 was $277,767
The Average sale price for the homes that closed in Milford for December of 2006 was $322,240
The Average Market time for the homes that closed in Milford in December of 2007 was 201 days.
The Average Market time for the homes that closed in Milford December of 2006 was 94 days.
11 homes went under agreement in Milford MA in the month of December. The average list price of the homes that went under agreement was $323,018 The average time on the market for these Milford homes were 216 days.
January - December Market Statistics for Milford MA
In Milford MA for the period of January to December of 2007 there were 130 properties sold.
In Milford MA for the period of January to December 2006 there were 198 properties sold.
In Milford MA for the period of January to December in 2007 the average list price was $344,279 the average sale price was $333,875 and the average market time was 142 days.
In Milford MA for the period of January to December in 2006 the average list price was $360,716 the average sale price was $352,448 and the average time on the market was 111 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 MA, it appears that there is still a downward trend in the average sale price for homes, as well as an increase in the days on the market for the same period in Milford MA. There was also a substantial decrease in the number of properties sold in the January to December time frame in Milford MA year over year.
These statistics are similar to many of the towns in Metrowest MA and represent the on going weakness in the market as compared to previous years. Milford did experience a sharper reduction in the number of homes sold than some of the surrounding towns.
Click here to see previous Milford MA Real Estate Market reports.
Selling a home in Milford MA 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 two and a half years. We are no longer in a seller's market.
When selling a home in Milford MA, it pays to have a pro in your corner representing you. Here are some excellent questions to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!
** 85% of all buyers are finding their homes on the Internet. See this must read article on where I advertise on-line. Metrowest MA Homes ~ How to effectively market to the masses on-line. **
This Milford Real Estate market report was provided by Bill Gassett, the team leader for the #2 RE/MAX Team in Massachusetts in 2006. 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 21+ Years. Bill's office is conveniently located in the center of Hopkinton MA at 77 Main Street. Bill also has an office in Holliston & Upton to service home sales in Milford MA.
I have a passion for Real Estate and love to share my marketing expertise! I would welcome the opportunity to earn your business.
For Massachusetts and Milford MA Real Estate and homes see Milford MA Real Estate. Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.
I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, and Framingham MA.
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