Monson Real Estate Report:  2nd Quarter Home Sales 2009 vs 2010

Monson Real Estate

Monson, MA: The second quarter of 2010 was an important time for real estate.  We had the spring market surge, along with the winding down of the tax credit incentive.  Let's see how home sales went in Monson, MA, for the second quarter of 2010 compared to second quarter 2009.

Number of Homes Sold

In 2009, 10 single family homes sold during the second quarter of the year. 
In 2010, 30 single family homes sold during the second quarter of the year - three times as many sold in 2009!

Average Sales Price

Second quarter 2009 average home price was $222,733.
Second quarter 2010 average home price was $201,903 - a decrease from 2009.

Average Days on Market

For the homes sold during the second quarter of 2009, the average time on market was 198 days.
For homes sold during the second quarter of 2010, average time on market was shortened to 133 days.

Current Market Snapshot

Currently, there are 47 single family homes for sale in Monson MA.  The prices range from $125,000 for a fixer-upper cottage to $990,000 for a stately home on 23 acres of land.  There are currently 10 homes under contract in Monson.

Summary

The second quarter of 2010 saw a significant increase in home sales compared to the same time period in 2009, with a 10% decrease in the average sale price of homes sold.  The average time on the market shortened by 60 days.

What will be telling will be the final two quarters of 2010.  Will this sales trend continue, or will the end of the tax credit have a slowing effect on the market?  Check in early October to see how the market changes in Monson, MA.

Are you planning to buy or sell a home in Monson, MA?  Call me for an honest discussion of ways you can make the market for you:  (508) 982-0686. 

Other Market Reports Available:

Brimfield 2nd Quarter Real Estate Report

Charlton 2nd Quarter Real Estate Report

Dudley 2nd Quarter Real Estate Report

Southbridge 2nd Quarter Real Estate Report

Sturbridge 2nd Quarter Real Estate Report