The Trend in Home Sales in Hanson MA - Improving, or...?

The Trend in Home Sales in Hanson MA - Improving, or...?

Home prices in Hanson on average are falling! Home prices have fallen 5.0% since July of 2009.

The current average listing price of homes for sale in Hanson MA is $315,441, down 3.8% from a month ago. Compare this to the current median sales price of $266,041 - where half of sales are above this amount and half below it.

Below is a chart of the trend of median prices of homes for sale in Hanson MA over the past 5 years through July 2010:

Hanson Recently Sold Homes

Although cyclical, the number of sales for all homes have been increasing over the past year:

Hanson Recently Sold Homes

So what does all this mean? Well, if you're looking for a home in Hanson, you can probably find a bargain. Still, lowball offers won't cut it in a market like this. Sellers aren't in control of the market either, so both buyers & sellers should be reasonable when negotiating.

You can still buy a home with no money down with a VA Loan or with a USDA Rural Development Home Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing loan, you can purchase a home with as little as 3.0% down. When you're ready to buy a home, find out how much house you can afford to buy in Hanson or in the surrounding area.

Be sure to contact me, Lew Corcoran, toll free at 1-800-941-5616, when you're looking to get pre-approved for a purchase of your next home in Hanson or in the surrounding area. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.