Milford Massachusetts Real Estate Market Report November 2011
In November of 2011 there were 19 homes that closed within the month for Milford Massachusetts. This is a increase of 13 units, as there were 6 homes that closed in November of 2010.
The Average list price for the homes that closed in Milford for November of 2010 was $264,950
The Average list price for the homes that closed in Milford for November of 2011 was $241,129
The Average sale price for the homes that closed in Milford for November of 2010 was $254,917
The Average sale price for the homes that closed in Milford for November of 2011 was $229,816
The Average Market time for the homes that closed in Milford in November of 2010 was 134 days.
The Average Market time for the homes that closed in Milford November of 2011 was 148 days.
8 homes went under agreement in Milford MA in the month of November. The average list price of the homes that went under agreement was $231,550. The average time on the market for these Milford homes were 137 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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I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Franklin, Grafton, Bellingham, Northboro, Shrewsbury, Northbridge, Uxbridge, and Framingham MA.
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Bill, Sounds like homes were on the market longer in 2011 than in 2010 and sale prices were lower as well.. I hope things will improve in 2012.
Less than six months on the market is what I would expect and that you point out. Winter must add to the marketing time a tad but real estate sells year round in the Northeast right Bill? Don't let a little snow dusting take the wind out of your marketing sails. Bundle up, dig in, list and sell, twist and shout after every trip to the long real estate conference table. hooo-RAHHHHHHH.
Bill: A little dip across the board in Milford this year...all the more incentive to find buyers homes in this area in 2012.
Thanks guys for your comments on my Milford Real Estate report!
I'm sure these market trends can be predicted but only to a point, what kind of marketing do you do so that you say above the market's twists and turns?
We LOVE REFERRALS!!!
I am a part of the Hill Team Associates in Westborough and Worcester MA and my team has been around since 2006 and close an average of 95 homes per year, and pay a 25% referal fee for any buyer or seller sent to us who's within an 15 mile radius of Worcester, MA!!! Please let me know your part of town and your contact info, and we will do the same for you!!!
Bill looks like Milford and Ashland had a good month in sales. It would be good to see all the towns have increases in sales like that.
Looks like things were popping in Milford!