Milford Massachusetts Real Estate Market Report August 2011
In August of 2011 there were 17 homes that closed within the month for Milford Massachusetts. This is a increase of 10 units, as there were 10 homes that closed in August of 2010.
The Average list price for the homes that closed in Milford for August of 2010 was $242,640
The Average list price for the homes that closed in Milford for August of 2011 was $253,400
The Average sale price for the homes that closed in Milford for August of 2010 was $236,420
The Average sale price for the homes that closed in Milford for August of 2011 was $243,406
The Average Market time for the homes that closed in Milford in August of 2010 was 93 days.
The Average Market time for the homes that closed in Milford August of 2011 was 85 days.
8 homes went under agreement in Milford MA in the month of August. The average list price of the homes that went under agreement was $227,046. The average time on the market for these Milford homes were 79 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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Good morning Bill,
Love to hear about increases in home sales. Thanks for sharing!
Bill, Any increase certainly shows the good news in the Real Estate Recovery and 10 more units sold and a sales price gain in Milford MA is a real good sign!
Well Bill, improvement all around on price and number of days for year to year...good to see in your area! Great info to share with local homeowners and buyers....
Good morning Bill,
Looks like Milford is holding its own!
Thank you for the update!
Good Morning Bill, all positive with the Milford MA market. Sales are up, value of sales are up and days on market are down. Looks like the Milford Ma area is a recovered area and all is going well.
Bill: All positive indicators that real estate recovery is alive and well in the Milford MA area.
Hi Bill, the numbers indicate that things are looking positive for the Milford real estate market. I would think the buyers on the fence would feel comfortable making a move at this point, especially with rates being as low as they are today.
Bill-Its great to see that Milford's average sales price is higher than kast year.
Bill, I'm seeing a lot of positive numbers in your market. Is this a sign that the market is starting to rebound? Being in the middle of the country, we're always the last to feel change.
Thanks everyone for all your comments on my Milford Real Estate report!