Milford Massachusetts Real Estate Market Report July 2011
In July of 2011 there were 27 homes that closed within the month for Milford Massachusetts. This is a increase of 19 units, as there were 8 homes that closed in July of 2010.
The Average list price for the homes that closed in Milford for July of 2010 was $207,525
The Average list price for the homes that closed in Milford for July of 2011 was $277,876
The Average sale price for the homes that closed in Milford for July of 2010 was $198,563
The Average sale price for the homes that closed in Milford for July of 2011 was $268,867
The Average Market time for the homes that closed in Milford in July of 2010 was 98 days.
The Average Market time for the homes that closed in Milford July of 2011 was 117 days.
14 homes went under agreement in Milford MA in the month of July. The average list price of the homes that went under agreement was $279,121. The average time on the market for these Milford homes were 93 days.
For 2010 there were 149 Real Estate transactions in Milford. In 2009 there were 172 Real Estate transactions.
January - December 2009 & 2010 Market Statistics for Milford Massachusetts
In Milford MA for the period of January to December of 2010 there were 149 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 2010 the average list price was $281,934 the average sale price was $272,450 and the average market time was 87 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 somewhat of a stabilization of market values. The number of home sales dropped in 2010 as compared to 2009 but the days on market were down substantially. The upper end of the market remained weak but the 1st time buyer market flourished in Milford.
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 25+ Years.
Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!
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Bill-The Average sale price for the homes that closed in Milford for July of 2011 was over $70,000 over last year! Buyers take note!
An extra 20 days on the market for a $70K increase in price is well worth it to the vast majority of homeowners. Good Milford Real Estate Market Report, Bill.
Bill that is a huge increase in sales over last year. That is a great thing to see and hope it continues that way.