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What’s Selling – and What’s Not – in West Bridgewater MA in January 2012
On average, homes for sale in West Bridgewater MA in January 2012 are on the market for 89 days before they are sold. However, homes in some price ranges are taking a longer time to sell as compared to homes in other price ranges.
The absorption rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. That means it’s the rate at which available homes are sold in a specific real estate market during a given time period. In other words, the figure shows how many months it will take to exhaust the supply of homes on the market if no other homes were listed for sale.
The Trend in Home Prices in West Bridgewater MA in January 2012 – Improving, or…?
Prices of single family homes in West Bridgewater MA in January 2012 on average have been falling in recent months! Home prices in January 2012 on average are up 12.6% compared to January 2011, and they are down 6.4% since July of 2011. It’s important to note that on average, home sales prices in West Bridgewater have remained fairly level over the past 2.5 years.
However, the average listing price of single family homes for sale in West Bridgewater MA in January 2012 is $285,140, up 13.6% from a month ago. Compare this to the current median sales price of $275,000 – where half of sales are above this amount and half below it.
Home Prices at Lowest Point in More Than 10 Years
NEW YORK (CNNMoney) — Home prices fell to their lowest point in more than a decade in January, but that helped to lift the pace of home sales, according to a report from an industry trade group.
The National Association of Realtors reported that the median home price in January fell 2% from December to $154,700. That’s the lowest price reading since November of 2001, before the run-up in home prices that became known as the housing bubble.
The median price is the point at which half of homes are sold for a higher price, and half are sold at a lower price.
Read more at Home prices at lowest point in more than 10 years.
What’s Selling – and What’s Not – in East Bridgewater MA in January 2012
On average, homes for sale in East Bridgewater MA in January 2012 are on the market for 156 days before they are sold. However, homes in some price ranges don’t take as long to sell as compared to homes other price ranges.
The absorption rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. That means it’s the rate at which available homes are sold in a specific real estate market during a given time period. In other words, the figure shows how many months it will take to exhaust the supply of homes on the market if no other homes were listed for sale.
What’s Selling – and What’s Not – in Bridgewater MA in January 2012
On average, homes for sale in Bridgewater MA in January 2012 are on the market for 112 days before they are sold. However, homes in some price ranges don’t take as long to sell as compared to homes other price ranges.
The absorption rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. That means it’s the rate at which available homes are sold in a specific real estate market during a given time period. In other words, the figure shows how many months it will take to exhaust the supply of homes on the market if no other homes were listed for sale.
The Trend in Home Prices in East Bridgewater MA in January 2012 – Improving, or…?
Prices of single family homes in East Bridgewater MA in January 2012 on average have been rising in recent months! Home prices in January 2012 on average are up 17.4% compared to January 2011, and they are up 18.1% since July of 2011.
The average listing price of single family homes for sale in East Bridgewater MA in January 2012 is $321,150, up 22.3% from a month ago. Compare this to the current median sales price of $290,000 – where half of sales are above this amount and half below it.
The Trend in Home Prices in Bridgewater MA in January 2012 – Improving, or…?
Prices of single family homes in Bridgewater MA in January 2012 on average have been rising in recent months! While home prices in January 2012 on average are down 7.9% compared to January 2011, and they are up 4.4% since July of 2012.
The average listing price of single family homes for sale in Bridgewater MA in January 2012 is $273,746, up 4.3% from a month ago. Compare this to the current median sales price of $275,000 – where half of sales are above this amount and half below it.
Chase Donates Inventory Homes to Wounded Vets
Chase announced it will donate at least 100 homes it owns to wounded military veterans as part of a program operated by a national nonprofit group known as Operation Homefront.
Eligible military families must be on active duty, not currently own a home, and be financially capable of taking on home ownership. Spouses of military members killed in action will also be considered for the program.
Read more at Chase Donates Inventory Homes to Wounded Vets.
Cash is King
Downtown Boston seeing more such deals
Cash buyers grabbed a record 50.8 percent of transactions in Boston’s downtown residential market in the past three weeks, according to data from the Suffolk Registry of Deeds.
While cash activity is usually associated with troubled markets in the United States, the downtown Hub market is seeing many of these cash transactions occur in a stable environment for owner-occupant homes at a variety of price points.
Read more at Cash is king.
Fannie Mae Survey Shows Americans Expect Home Prices to Improve
A majority of Americans believe mortgage rates will remain steady over the next year, while home price expectations in January improved for the fourth consecutive month in a row, Fannie Mae said in its consumer sentiment report.
The government-sponsored enterprise interviews 1,000 Americans each month to gauge consumer expectations about housing and the overall economy.
A majority of respondents expect home prices to …
Read more at Fannie Mae survey shows Americans expect home prices to improve.
For Renters, Market Likely to Get Pricier
Rising demand and a tightening supply is forcing both commercial and residential rents upward, and signs point to an increase in prices continuing over the next few years.
For one, office construction starts have been at their lowest level in more than 50 years, and on record. The lower starts means that there will be fewer spaces for businesses to rent, which will likely give landlords the upper hand in pushing rents even higher.
Residential renters can also expect an increase.
Read more at For Renters, Market Likely to Get Pricier.
