Freetown, MA

Single family home sales in Freetown during 2011

Here is some real estate market data describing the housing market in Freetown for all of 2011 and how it compares to last year. The data is from the MLS and is for single family homes.

64 single family homes sold in Freetown during 2011 at an average sale price of $250,542 and median price of $240,000. For the same 12 month period in 2010, 59 single family homes sold with an average sales price of $260,310 and median price of $264,000.

2011 volume was up 8% compared to last year, while the average price was down 3.8% and the median price down 9% or $24,000.

As of January 1 2012 there were 58 single family homes for sale in Freetown, with a median asking price of $338,375, as compared to January 1 a year ago when there were 51 homes with a median asking price of $369,900.

What does all this mean? Inventory is up as compared to this time last year so there is a great selection of home available, and with lower asking prices and the current historically low interest rates, this an excellent time to be buying a single family home in Freetown!

To learn more about the Greater FreetownMA area, visit my website atwww.stevew-homes.comor contact me directly at 508-558-8035.

Single Family homes sold and for sale in Freetown during November

Here is some real estate market data describing the housing market in Freetown during the month of November and how it compares to the same time last year. The data is from the MLS and is for single family homes.

There were 8 single family homes sold in Freetown during November 2011 at an average sale price of $288,338 and median price of $249,000. For the same period in 2010, 3 single family homes sold with an average sales price of $233,000 and median price of $279,000.

Volume for November is up this year by 167%, the average price is up 23.8% while the median price is down 10.6.6%.

There are currently 72 single family homes for sale in Freetown, with a median asking price of $327,000, as compared to a year ago when there were 54 homes with a median asking price of $364,900.

Sellers enjoyed another very positive month in November. Continued strong inventory along with lower asking prices and historically low interest rates puts those interested in purchasing a single family home in Freetown in a very good position. Be one of the lucky ones to take advantage of this rare opportunity. Start looking for your next home today!

To learn more about the Greater FreetownMA area, visit my website atwww.stevew-homes.comor contact me directly at 508-558-8035.

Single Family homes sold and for sale in Freetown during October

Here is some real estate market data describing the housing market in Freetownduring the month of October and how it compares to the same time last year. The data is from the MLS and is for single family homes.

There were 6 single family homes sold in Freetown during October 2011 at an average sale price of $267,250 and median price of $265,750. For the same period in 2010, 5 single family homes sold with an average sales price of $210,160 and median price of $205,000.

Volume for October is up this year by 20%, the average price is up 27.2% and the median price is up 29.6%.

There are currently 73 single family homes for sale in Freetown, with a median asking price of $349,800, as compared to a year ago when there were 59 homes with a median asking price of $359,900.

Sellers enjoyed another very positive month in October. Strong inventory along with lower asking prices and historically low interest rates puts those interested in purchasing a single family home in Freetown in a very good position. Be one of the lucky ones to take advantage of this rare opportunity. Start looking for your next home today!

To learn more about the Greater FreetownMA area, visit my website atwww.stevew-homes.comor contact me directly at 508-558-8035.

Freetown Assonet Massachusetts Quick Market Analysis and Snapshot

Currently there are 56 Single family homes on the market in MLS in Freetown and Assonet Massachusetts

7 of the 56 are either foreclosured or short sale houses

In January 2011 there were 2 homes sold in Freetown and Assonet Massachusetts

There are currently 4 homes in Freetown/Assonet under contract

In January 2010 there was 1 home sold in Freetown/Assonet Massachusetts

From January 1,2010-December 31,2010 there 5 were 9 homes sold in Freetown-Assonet MA of the 59, there were 16 that were either bank owned or short sales

From January 1, 2009-December 31, 2009 there were 56 homes sold

In 2009 the average sales price in Freetown/Assonet was $269,679

In 2010 the average sales price in Freetown/Assonet was $260,310

4th quarter 2010- Freetown Assonet's average sales price was $245,445

Trends in Real Estate: More Foreclosures will continue to enter the market in 2011. Anticipate declining prices for this area.

Mortgage Rate Forecast for September 23, 2010 - Improving, or...?

Here are some of the events affecting mortgage rates today:

What Mortgage Backed Securities (MBS) Are Doing Today:

• The price of the FNMA 30-Year 4.0% MBS coupon opened at 102.91 this morning - the same as yesterday's close.
  
  
• At 9:30 AM, the 4.0% MBS coupon was trading at 103.06 - up 5/32 from its opening.

Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and so do mortgage rates. I expect that mortgage rates will be about 0.125 points better in price this morning as compared to yesterday afternoon.

Price Trend in Mortgage Backed Securities:

The chart below shows the price trend of the FNMA 30-Year 4.0% coupon over the past 30 days from 8-24-2010 to 9-23-2010:

Economic Reports, News, and Events Affecting Mortgage Rates Today:

• Jobless Claims - 465,000 new claims for unemployment were filed last week, worse than expected, and is 12,000 less than the upwardly revised 453,000 claims filed the previous week. The four-week average for unemployment fell by 1,500 to 463,250 while continuing claims for the week of September 4 fell by 48,000. This report shows that the job market is again improving, but only slightly, and is raising expectations for more people going back to work. This report had a positive impact on the mortgage market this morning and led to lower pricing for mortgage rates.
  
  
• Existing Home Sales Report - released by the National Association of Realtors (NAR), this report provides us with a measurement of housing sector strength and mortgage credit demand. Existing home sales rose 7.6% in August to an annualized rate of 4.13 million homes - better than expected - and is at the second lowest level since 1997. Year-over-year, existing home sales is down 19.0%.
  
  The inventory of unsold homes stands at 3.98 million - an 11.6 month supply. This means it's still a buyer's market. The median sales price of homes fell 1.9% to $178,600. The median sales price is where half of the home prices are above this amount and the half below it. This report had a negative impact on the mortgage market this morning and led to higher pricing for mortgage rates.
  
  
• Leading Economic Indicators (LEI) - rose 0.3% in August as expected. This follows a 0.1% increase in July and a 0.3% decline in June. This Conference Board report attempts to predict economic activity over the next three to six months. This report indicates that the overall economy is no longer in a recession, and now beginning to grow albeit slowly. This report had no impact on the mortgage market or mortgage rates this morning.

Trend in Mortgage Rates:

The chart below shows the trend in mortgage rates over the past 15 years:

Mortgage Rate Forecast:

Mortgage rates are off their historic lows as the overall economic outlook is beginning to improve. Given the most recent economic and job reports, it now appears that mortgage rates are as low as they will ever go.

If you're thinking about refinancing your mortgage and if these low mortgage rates make sense to you, then take advantage of them while you can. If you're happy with the mortgage rate being offered to you today and if you don't want to risk mortgage rates moving higher, then you should apply and lock in now. It's better to have locked when you should have floated than it is to float when you should have locked.

Are you in need of a mortgage to purchase a home? Or want to refinance an existing mortgage into a lower permanent fixed rate? Or want to take cash out of the equity of your home? Or consolidate debt and reduce the monthly bills? Then be sure to request a mortgage rate quote today!