Holliston Market Report 1st Qtr 2010
April 15th, 2010
The Holliston real estate market is in trouble.
There’s nothing to sell!!
Compared to 2009, the number of available listings fell 15%. In 2009 there were 67 listings, today there are only 56.
The Big Picture:
The Warren Group reported on the February real estate market for all of Massachusetts:
- Single Family Median Prices jumped 8.4% vs. Feb 2009
- Single Family# of sales climbed 13.5% vs. Feb 2009
- Year to Date Median Prices are up 9.8%
- Condo Median Prices jumped 6.8% vs. Feb 2009
- Condo # of sales climbed 8.9% vs. Feb 2009
- Year to Date Median Prices are up 10.6%
Is this a trend?
Median home prices have risen for 3 consecutive months (year over year).
Number of Sales in homes have risen year over year for 8 months in a row.
What is happening more recently?
The Massachusetts Association of Realtors tracks Pending Sales. This tracking of signed Purchase & Sale Agreements provides reliable information about upcoming sales numbers.
The number of homes put under agreement in March was up 27 percent compared to the same time last year. Condos jumped 38%.
See full report from MAR on pending numbers.
Specifically Holliston:
Over the 1st 3 months of 2010, there were 20 sales, with a median price of $336,000.
Compared to 2009 sales, there were 15 sales and median price of $315,000.
Average time on market was 97 days.
Compared to 200 average days on market in 2009.
Sellers received 97% of their Listing Price, and 93% of their Original Asking Price last quarter.
That, my friends, is strength in the local real estate market!
Ed Daniels of Re/Max Executive Realty can be reached at 508-341-7880. His MAhome Team serves Buyers and Sellers in Metrowest Boston towns.Categories: Holliston, Market Conditions, Real Estate
This entry was posted on Thursday, April 15th, 2010 at 11:14 pm and is filed under Holliston, Market Conditions, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Lets hope the trend continues with the expiration of the 1st time buyers tax credit.