Milford Massachusetts Real Estate Market Report April 2009
In April of 2009 there were 13 homes that closed within the month for Milford Massachusetts. This is a decrease of 3 units, as there were 16 homes that closed in April of 2008.
The Average list price for the homes that closed in Milford for April of 2008 was $318,670
The Average list price for the homes that closed in Milford for April of 2009 was $267,538
The Average sale price for the homes that closed in Milford for April of 2008 was $303,213
The Average sale price for the homes that closed in Milford for April of 2009 was $254,000
The Average Market time for the homes that closed in Milford in April of 2008 was 196 days.
The Average Market time for the homes that closed in Milford April of 2009 was 130 days.
15 homes went under agreement in Milford MA in the month of April. The average list price of the homes that went under agreement was $295,940 The average time on the market for these Milford homes were 87 days.
January - December 2008 Market Statistics for Milford Massachusetts
In Milford MA for the period of January to December of 2007 there were 130 properties sold.
In Milford MA for the period of January to December 2008 there were 195 properties sold.
In Milford MA for the period of January to December in 2007 the average list price was $344,279 the average sale price was $333,875 and the average market time was 142 days.
In Milford MA for the period of January to December in 2008 the average list price was $291,792 the average sale price was $279,800 and the average time on the market was 165 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 is still a downward trend in the average sale price for homes, as well as an increase in the days on the market for the same period in Milford MA. There was however, a substantial increase in the number of properties sold in the January to December time frame in Milford MA year over year! Milford is one of the few towns in the area that has had substantially more homes sold in 2008. This is due in part to prices dropping rapidly along with a good stock of affordable homes.
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 three and a half years. We are no longer in a seller's market.
When selling a home in Milford MA, it pays to have a pro in your corner representing you. Here are some excellent Real Estate questions to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!
** 85% 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 Metrowest MA Homes ~ How to effectively market to the masses on-line. **
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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 23+ Years.
Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!
For Massachusetts and Milford MA Real Estate and homes see Milford Real Estate. Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.
I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, and Framingham MA.
Click here to view Bill Gassett's Real Estate profile
SUBSCRIBE TO MY METROWEST HOMES BLOG via email.
Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 23 years.
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Nationally recognized Realtor - Specializing in marketing homes & Real Estate in Metrowest Massachusetts. Based in Hopkinton, MA 01748 Have been one of top 5 RE/MAX Teams in MA for the last 9 years.
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Bill - another thorough analysis of the housing market trends in Milford. Like other places Milford is continuing to transition in terms of sales volume and selling price.
Jeff
Bill looks like things have leveled in your area. Let's look for the upswing now. Great information on your market as always!
Hey Bill,
thanks for posting this important info on Milford. It's sure to be very helpful!
Bill:
A little softer than the last one you showed. This looks like about a 15% decline for the year to year.
Maybe this year will turn the tide.
Richard
With days on the market down by over two months it appears the sellers are realizing they need to reduce the price to get them sold.
Hi Bill! Your market report for Milford is, as always, clear, consise and to the point! DOM continue to climb here too but, if they're priced right, they do tend to substantially beat the averages. I think we're nearing the bottom, if we're not already there--keeping fingers crossed in those hopes!!
Hi Bill - Another very thorough market report. It is interesting to read several of your reports and compare the different areas. You have a wealth of information.
Hi Bill - Another very thorough market report. It is interesting to read several of your reports and compare the different areas. You have a wealth of information.
Everyone thanks for all your comments on my Milford Real Estate report. The market so far this Spring has been excellent. We should see a statistical improvement this year over last.
Bill ~ Great job with your Milford Real Estate market report! I hope may will see an increase in sales in your area as well as across the country.