Haverhill, MA

Single-family home sales in Weymouth, Massachusetts increased 45.6 percent in the first quarter compared to Q1 2008, climbing from 46 sales to 67. Sales were up from 66 in the first quarter of 2006 and down from 74 sales in the first quarter of 2007.

The median price of a single family home in Weymouth, MA remained nearly unchanged at $285,000, up just slightly from $284,950; however, the median price is down 16.1 percent from Q1 2006 ($339,950).

The average number of days on the market remained the same at 116, which was also the average number of days on the market in the first quarter of 2006.

                  Median Price        Number of Sales        Days on the Market
Q1 2006:        $339,950                    66                                116
Q1 2007:        $314,750                    74                                136
Q1 2008:        $284,950                    46                                116
Q1 2009:        $285,000                    67                                116

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Compared to the first quarter of 2006, the median price of a single-family home in Haverhill, Massachusetts declined 23.9 percent in the first three months of 2009.

Compared to the first three months of 2008 ($270,500), median price was down a modest  5.76 percent in the first quarter of 2009 ($254,900). Home sales declined from 70 in Q1 2008 to 55 in Q1 2009, a decline of 21.4 percent. Home sales rose in Haverhill in 2008. 

After declining from 148 days to 132 days in 2008, the average number of days on the market for a single-family home during the first three months of 2009 rose to 173.

                Median Price    Number of Sales    Days on the Market

Q1 2006     $335,000              85                                112
Q1 2007     $302,500              68                                148
Q1 2008     $270,500              70                                132
Q1 2009     $254,900              55                                173

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Single-family home sales in Haverhill, MA rose 1.47 percent in 2008 compared to 2007, from 338 to 343 sales; however, the median single-family home price declined 11.2 percent in 2008 compared to 2007, falling from $300,000 to $269,900.

The data comes from MLS Property Information Network, Inc., the multiple listing service used by local real estate professionals.

Haverhill, Massachusetts
Single-family Market Data
Jan. 1st through Dec. 31st

Year No. of Sales
2005 473
2006 395
2007 338
2008 343

Year Median Price
2005 $330,000
2006 $320,900
2007 $300,000
2008 $269,900

Year DOM
2005 86
2006 117
2007 130
2008 145

Check out the latest Haverhill, Massachusetts single-family home listings.

The two-bedroom condominiums are part of The Fairways development located off Route 108 (Newton Road) in Haverhill.

The maximum allowed annual income for a single person is $54,700. For a two-person household the income limit is $62,600; the three-person household income limit is $70,400; and the four-person income limit is $78,200.

Applications are available at Community Action, Inc., which is located at 145 Essex Street in Haverhill. For more information, you can call Richard Lynch at 978.373.1971.

Units are available for rent starting at $1,295 per month.

If you'd like to see The Fairways, please don't hesitate to contact me at 978.835.5906 or online.

Comparing the first nine months of the year, the median price for a single-family home in Haverhill, Massachusetts declined about 10.75 percent in 2008 compared to 2007, but home buyers taking advantage of bargains gave home sales a boost.

Through September 30, 2008, single-family home sales increased about 2.75 percent compared to the first nine months of 2007. That’s after a 16 percent decline during the same period in 2007 compared to 2006.

The data comes from MLS Property Information Network, Inc., the multiple listing service used by local real estate professionals.

With single-family sales up, Haverhill may have reached or is getting close to a bottom in the real estate market. The economy and unemployment certainly will be factors going forward in the housing market, but more home buyers recently have decided to take advantage of lower prices and attractive mortgage interest rates. Time will tell.

The median price for a single-family house through September 30, 2008 was $270,000, compared to $302,500 for the same period in 2007. In 2005, the median price was $332,000. Home sales increased from 258 to 265 single-family sales. Through the first three quarters, 2006 saw 307 sales and 374 single-family homes sold in 2005.

The market has not been as kind to Haverhill’s condominium owners. Condo sales through the first three quarters are down 31 percent, and the median price has declined about 20.5 percent. Comparing the first nine months of 2005 to 2008, condominium sales have declined 54 percent.

It is taking homeowners longer to sell their homes. Looking at the first nine months of the year, the average number of days to sell a single-family home increased 16 percent, from 125 days in 2007 to 145 days this year.

The average number of days on the market for condos increased from 158 to 215, a 36 percent increase. Compared to an average of 68 days to sell a condo in Haverhill in 2005, the average number of days has increased more than 300 percent.

Despite the average days on the market, homes priced to sell are selling quickly. There are a lot of buyers that have been on the sidelines for a couple of years waiting to take advantage of a good deal. It’s not unusual to see some homes sell in far less than the average number of days.

The number of single-family and condominium homes on the market has decreased. On October 22, 2007 there were 294 single-family homes on the market in Haverhill compared to 217 on October 22, 2008. The number of condos for sale has dropped from 340 to 193 using the same dates. A decline in inventory will be a precursor to the housing market in Haverhill turning around. 

Visit BuyHaverhill.com for the latest home listings in Haverhill, Massachusetts.