Real Estate in Holliston
Five Real Estate Facts about Holliston's Market
Ignore Those Reports! If you are a Holliston home owner, you should only focus on what the Holliston market, and maybe the Metrowest marketplace, is doing. The Massachusetts real estate market as a whole, or the National numbers, are not going to tell you the true story.
Here we report a few major facts from the Holliston marketplace for 2012:
1. Median Prices dropped 4.7% from 2011 Prices
The Median Price for a home selling in Holliston in 2012 was $372000. That is 4.7% lower than the $390000 level we experienced in 2011.
2. The # of Sales Jumped 25% in 2012
155 single family homes in Holliston were sold in 2012, and this was a big increase from the 124 sales in 2011. This is higher than the 10 year average, which is 137 sales.
3. It took an average of 3 1/2 months to Market a Home in 2012
Homes were on the market for an average of 104 days in 2012, which was a 22% decrease from 2011's 134 days on market.
4. Sellers received 97% of their Asking Price in 2012
Displaying that Sellers didn't have to negotiate a lot on their Asking Price, this statistic has been very similar to this ratio for the past 10 years. It actually has run from 95-99% for the past decade.
5. We find ourselves in a Seller's Market in Holliston
When you hear about a Buyer's Market or Seller's Market, it is based upon a computation called The Consumption Rate. A Rate of 4-6 months of inventory would be a balanced marketplace. Using the rate of 12.8 sales per month in the past 12 months, our current market has a Consumption Rate of 2.3. Thus, a strong Seller's Market!
If you would like to look at those other recent headlines from the area, try these:
http://bostonherald.com/business/real_estate/2013/01/housing_rides_recovery_road
http://www.boston.com/realestate/news/blogs/renow/2013/01/prices_spike_as.html
http://www.thewarrengroup.com/2013/01/2012-mass-home-sales-highest-in-six-years/
Ed and Doriane Daniels make up The MAhome Team of Realty Executives - Boston West. Their office is now open in downtown Holliston at 21 Central Street.
A total of 20 years of experience is available to Buyers and Sellers
looking to navigate thru the 2013 real estate market.
Contact them at 508-341-7880 or Ed@MAhome.com
for a copy of their unique marketing plan to sell a home.