Milford Massachusetts Real Estate Market Report June 2009
In June of 2009 there were 19 homes that closed within the month for Milford Massachusetts. This is a decrease of 6 units, as there were 25 homes that closed in June of 2008.
The Average list price for the homes that closed in Milford for June of 2008 was $290,116
The Average list price for the homes that closed in Milford for June of 2009 was $302,750
The Average sale price for the homes that closed in Milford for June of 2008 was $280,404
The Average sale price for the homes that closed in Milford for June of 2009 was $292,280
The Average Market time for the homes that closed in Milford in June of 2008 was 168 days.
The Average Market time for the homes that closed in Milford June of 2009 was 182 days.
12 homes went under agreement in Milford MA in the month of June. The average list price of the homes that went under agreement was $249,440 The average time on the market for these Milford homes were 133 days.
Through June there have been 67 homes that have sold in Milford. At this same time last year there were 103 homes that had closed.
January - December 2008 Market Statistics for Milford Massachusetts
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 2008 there were 195 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 2008 the average list price was $291,792 the average sale price was $279,800 and the average time on the market was 165 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 December time frame in Milford MA year over year! Milford is one of the few towns in the area that has had substantially more homes sold in 2008. This is due in part to prices dropping rapidly along with a good stock of affordable homes.
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 MA, 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!
** 85% 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 Metrowest MA Homes ~ How to effectively market to the masses on-line. **
_________________________________________________________________________________________________________
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 billgassett@remaxexec.com 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 23+ Years.
Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!
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.
Click here to view Bill Gassett's Real Estate profile
SUBSCRIBE TO MY METROWEST HOMES BLOG via email.
Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 23 years.
Hi Bill,
Good stats there for Milford, I am curious, do you know what the month's supply of housing is like in Milford? I am guessing it must be pretty low if home values have gone up. :)
Mark - The average sales price going up is mostly a function of the homes that were sold. The market has remained fairly stable as far as prices go this year.
Great reports Bill and full of helpful information for your area.
Thanks Lynn. I appreciate the compliments on my Milford Real Estate report.
Hi Bill! Great information, as always, in your Milford Real Estate report. Have a terrific Thursday!
Debe - Thanks for your comments on my Milford Real Estate report. Things have been going really well this Spring!