Original article source: Milford MA Real Estate
Milford Massachusetts Real Estate Market Overview March 2012
?Milford MA Real Estate Activity For March 2012 vs March 2011
In March of 2012 there were 12 homes that closed within the month for Milford MA. This is the same amount of units, as there were 12 homes that closed in March of 2011.
The Average list price for the homes that closed in Milford for March of 2011 was $207,850
The Average list price for the homes that closed in Milford for March of 2012 was $209,167
The Average sale price for the homes that closed in Milford for March of 2011 was $202,200
The Average sale price for the homes that closed in Milford for March of 2012 was $201,450
The Average Market time for the homes that closed in Milford for March of 2011 was 185 days.
The Average Market time for the homes that closed in Milford for March of 2012 was 95 days.
Milford MA Homes Under Contract For March 2012
16 homes went under agreement in Milford Massachusetts in the month of March. The average list price of the homes that went under agreement was $248,113. The average time on the market for these Milford homes were 53 days.
January 2009 ? 2011 Final Year Real Estate Market Statistics For Milford Massachusetts
In Milford MA for the period of January to December of 2011 there were 165 properties sold.
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 2011 the average list price was $262,835 the average sale price was 254,209 the average market time was 130 days.
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.
Current Milford MA Inventory Levels
The are currently 98 homes on the market in Milford MA. The average list price of the Milford homes is $284,146. The average days on the market is 138.
Milford MA Real Estate Market Analysis
In 2011 the Milford Real Estate market had an increase in the amount of homes sold as compared to 2010. Homes priced properly generally moved in a reasonable amount of time. There was still a downward trend in Real Estate values through out the year. The average days on market increased due to some of the upper end sales remaining on the market for a longer period of time. The lower end of the market (under 300k) remained strong with values holding firmer than in the upper ends of the Milford market.
Current home inventory levels are at their low but are rising as they often do as we head into the Spring market. This is always a good sign for those considering to sell their home as supply and demand is always a factor with Real Estate values.
The above Milford Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.
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