Milford Massachusetts Real Estate Market Report October 2008
In October of 2008 there were 19 homes that closed within the month for Milford Massachusetts. This is an increase of 12 units as there were 7 homes that closed in October of 2007.
The Average list price for the homes that closed in Milford for October of 2007 was $407,748
The Average list price for the homes that closed in Milford for October of 2008 was $277,925
The Average sale price for the homes that closed in Milford for October of 2007 was $398,286
The Average sale price for the homes that closed in Milford for October of 2008 was $264,467
The Average Market time for the homes that closed in Milford in October of 2007 was 202 days.
The Average Market time for the homes that closed in Milford October of 2008 was 190 days.
11 homes went under agreement in Milford MA in the month of October. The average list price of the homes that went under agreement was $278,709 The average time on the market for these Milford homes were 271 days.
January - October Market Statistics for Milford Massachusetts
In Milford MA for the period of January to October of 2007 there were 112 properties sold.
In Milford MA for the period of January to October 2008 there were 171 properties sold.
In Milford MA for the period of January to October in 2007 the average list price was $351,200 the average sale price was $341,468 and the average market time was 139 days.
In Milford MA for the period of January to October in 2008 the average list price was $295,530 the average sale price was $283,364 and the average time on the market was 162 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 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 however, a substantial increase in the number of properties sold in the January to October time frame in Milford MA year over year!
These statistics are similar to many of the towns in Metrowest Massachusetts and represent the on going weakness in the market as compared to previous years.
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 three and a half years. We are no longer in a seller's market. When selling a home in Milford Massachusetts, it pays to have a pro in your corner representing you.
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 Massachusetts Real Estate market report was provided by Bill Gassett, the team leader for the #4 RE/MAX Team in Massachusetts in 2007. 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 22+ 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 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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