Milford Massachusetts Real Estate Market Report February 2009
In February of 2009 there were 11 homes that closed within the month for Milford Massachusetts. This is a increase of 2 units, as there were 9 homes that closed in February of 2008.
The Average list price for the homes that closed in Milford for February of 2008 was $332,014
The Average list price for the homes that closed in Milford for February of 2009 was $324,075
The Average sale price for the homes that closed in Milford for February of 2008 was $321,778
The Average sale price for the homes that closed in Milford for February of 2009 was $303,829
The Average Market time for the homes that closed in Milford in February of 2008 was 90 days.
The Average Market time for the homes that closed in Milford February of 2009 was 147 days.
13 homes went under agreement in Milford MA in the month of February. The average list price of the homes that went under agreement was $270,992 The average time on the market for these Milford homes were 113 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.
Mendon Real Estate Market Report July 2009
Hopedale Real Estate Market Report July 2009
Hopkinton Real Estate Market Report July 2009
Southboro Real Estate Market Report July 2009
Northbridge Real Estate Market Report July 2009
Holliston Real Estate Market Report July 2009
Westboro Real Estate Market Report July 2009
Upton Real Estate Market Report July 2009
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If I was looking to buy or sell in or around Milford MA, this exactly what I'd be looking for Bill...fantastic, deep, thoughtful market report Bill!
Bill: Anyone who is interested in buying in your area should eat this like candy, excellent post.
Bill.... Very Impressive Feature!
WOW!! So, informative. Anyone who wants to buy will use you as their agent after this report
D'oh! I think Jeff meant Massachusetts ... or I'm sure you could always refer him to a good CT agent. :)
Bill, You must be the King of Metrowest Mass. Congratulations on the Gold Star. Excellent market report! :-)
Hi Bill, Just wanted to know how things are in the area. Lived Holliston in the 1960s I know long time ago. Was checking it out because I am always curious. I am in CA and today is cold 57 lol :-))
John - Good that you picked up on that...so did I:)
Sandy, Dan, Nelya,Shirley - Thanks for your compliments on my Milford Real Estate report. I try to do a similar report for all the towns in my area.
Whoopsy...corrected my error...Milford Massachusetts looks to be a fine place as well :-)
Valorie - Holliston is still an excellent town. Good school system...always has had a very good reputatation.
Actually Milford, CT is an area that I cover... Feel free to delete my comment if you feel it takes away from your post.
Jeff - There are actually quite a few Milford's in different States.
Dan - I will send all my Milford CT referrals to you:)
Great post Bill. I was so good at posting my market reports and then let it slide. I'm back now!!!! Thanks for the kick in the tail, with your wonderful example :) This is the stuff consumers want and need! Good job.
Bill--This is just another example of the wonderful market reports you do in your area!
Great simple yet informative report Bill. I know if I was looking in Milford, I would call you
Great market report & congrats on the well deserved star. KM
Great work as always Bill. I like the way you provide a link to your previous reports.
There you go again! You do put together an impressive, informative sales report. Congrats on the recognition of your hard work.
Nice work on the feature, Bill! You always do so well at covering all the areas---which is a lot! We're a small town here, so I can cover everything in one shot. Again, congratulations!
Bill, as usual you do an awesome job on your market reports and woo hoo on a gold star! Way to go!
Thanks everyone for all your great comments on my Milford Mass Real Estate report. It takes a little work to put these together every month but they do get read quite a bit and they always keep me up to speed as I am constantly look at them.
Hi Bill,
Antother informative report, no doubt you're the go-to guy for real estate in Metrowest Mass!
Personally, I like to see graphs over a long enough time frame where I can visually see trends over time. I like to see what the range of values is. 10-12 sales/month is a pretty small sample size. How much do those numbers vary from month to month or year to year?
Are two extra sales in February a significant increase or just statistical noise?
Sorry, but I just watched American Idol so I guess Simon Cowell is rubbing off on me.
Lynda - Thanks for the comps on my Milford Real Estate report:)
Tim - You are 100% correct on that. This is why I have provided a year over year comparison to what happened in 2007 and 2008 so the consumer can see how the Milford Real Estate market has changed. Looking at monthly statastics are ok but they do not give you the big picture.
Bill, mixed reviews. Longer on the market, but sold for less this year! Market reports are so interesting. ;-)
Teri - That is the case for the month but the positive out of the Milford Real Estate market is there were far many many sales year over year. Milford is one of the only towns in my area where this was the case.
This is what all agents should do for their market, I bet it would help their SEO in that area if done consistently. Nicely done! Good Job Bill!
Bill,
Good info and extensive on your area, looks very helpful.
Johnathan
Hi Bill, great job as always!
Sounds like Milford is holding it's own, relatively speaking. Your market knowledge and depth is amazing. It's easy to see why you are very successful Bill.
Hi Bill. I was impressed by the days on the market...113??? That's pretty darn good!
You know you're rockin' and rollin' when you have 31 points on a local sales post! You've got some good analysis - I'm watching...
So, prices are down and days on market are up in your part of the country too, huh? Even more important to have a great Realtor representing you! Great job on the feature.
Bill - I look forward to your market reports each month. May not comment on them but I'm checking them out! :) I was doing so well with them for awhile and then got off track. It's definitely something I need to work on a litte harder this year.
Hi Bill! I'm telling you, you definitely set the standards for market reports! Yours are extremely thorough, leaving no stone unturned! Great job, as always and congrats on that well-deserved little gold star!
Thanks everyone for all your compliments on my Milford Real Estate report. I try to be as thorough as possible with these reports and in the process it does help me from month to month to understand what has been going on in each individual town.
Bill - I really like this market report, and it is very thorough and thoughtful. I am sure your consumers appreciate the detail you have provided here.
Bill ... very clear and concise! I can tell you spend a lot of time on this.
Bill two more houses sold in February of 2009 vs. February of 2008 may not seem like a lot, but it is an increase and a movement in the right direction. Hope it keeps on going that way for March.
Pipa - Thanks the Real Estate reports do take a little time to put together.
George - Milford faired better in terms of the number of transactions than any other town in the area last year. They were the only town that was up in 2008 over 2007.
Bill G is the next Jason Crouch! i know it!
Greg - Thanks for commenting on Milford Real Estate. BTW who is Jason Crouch:)
Bill as usual very informative, once again you can see the co-relation between price and sales. Milford properties had price reductions and the sales picked up.
Bill - Happy to see that all your contact information has remained "intact" and that you were featured... I'm leaving mine too.
Bill-your market reports rock..I love all the wording..and its understandable for consumers!
Jennifer - There is definitely a correlation between the prices dropping and the amount of sales especially in Milford where much of the housing stock works well for 1st time buyers.
Midori - Thanks for the compliments on my Milford Real Estate report. I try to make it simple and easy to follow.