Milford Massachusetts Real Estate Market Report July 2010
In July of 2010 there were 8 homes that closed within the month for Milford Massachusetts. This is an decrease of 13 units, as there were 21 homes that closed in July of 2009.
The Average list price for the homes that closed in Milford for July of 2009 was $279,925
The Average list price for the homes that closed in Milford for July of 2010 was $207,525
The Average sale price for the homes that closed in Milford for July of 2009 was $272,760
The Average sale price for the homes that closed in Milford for July of 2010 was $198,563
The Average Market time for the homes that closed in Milford in July of 2009 was 160 days.
The Average Market time for the homes that closed in Milford July of 2010 was 98 days.
9 homes went under agreement in Milford MA in the month of July. The average list price of the homes that went under agreement was $254,733. The average time on the market for these Milford homes were 46 days.
Through July there have been 92 sales in Milford. At this same time last year there were 88 sales.
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. **
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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 24+ 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 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, 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.
We saw a drop last month over June too
A real trend I believe
your friend in Charlottesville
Good stuff as always Bill
Bill - seems like a trent I have seen some other folks reporting. Are you into the quieter summer market or is that not really a factor?
Jeff
Bill a definite decline from 2009 to 2010, although days on market are positive. This market is still grumbling
Bill, It looks like the prices are still sliding down BUT the days on market are improving.
Bill I didn't realize you had any towns where prices were still declining. Is Milford unique to the Metrowest MA area?
Karen there has been a downward trend in home values. There seemed to be some bottoming out taking place in the Spring but we have seen weekness again.
Bill- another timely report keeping track of the market stats for Milford, Mass. Outstanding job Bill!
Hopefully prices start climbing again. Thanks for the update Bill on the Milford MA Real Estate market. Great job!!!
Lori Cofer