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June 13, 2019

Natick, MA Home Sales and Real Estate Market Report (2019)

 

March

The Natick Homes For Sale Market Report

Well when we look at the price chart, we do see a bit of a dip there.  Seller's tried to push prices in the spring, but now are cutting prices to get down to where the buyers are.  It's been a really good run, and we've had dips before, but it's worth wondering if this is different.   Let's look at the data.

Can’t see the chart? You can find it Here .

 

Ok, if we look at the data here, a few things jump out.  A big rise in inventories, and the HSI is at it's lowest point in about 6 years.  The market is still quite good, of course, but nothing here suggests that prices are going sharply higher.  This look pretty significant to me.  

 

What should potential home buyers do in Natick?

Indeed!  That is the big question.  Certain prices ranges (sub 600K) will still be moving briskly.  But I think we're going to start to see price compression.  Certainly, buyers should be aware that properties that need work should be more carefully considered, as price appreciation may stall here. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Natick ?

You can still sell, of course,  and prices are still good.  But it may not be as easy as last year, and you might not sell right away, and if you're priced wrong, you'll sit around for sure. 

Natick Homes For Sale and Sold Market Statistics - MLS Data

  • The Natick “Home Seller Index” (HSI): 176 Last Report:240
  • There are 71 homes currently listed as For Sale by Home Sellers.
  • In Natick there have been 214 houses sold in the last 6 months, and 158 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 53 days for the last 6 months of SOLD homes In Natick.
  • Homes for sale have been looking for buyers for an average of 44 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $321 (vs.$323 in the last report)
  • Current home sellers are looking for $ 333 /sq foot
  • There was an Average Sold Price of $662,270.
  • Natick , MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Top Reads at Heisler & Mattson Properties

Posted in Natick, MA
April 1, 2019

Millis, MA Home Sales and Real Estate Market Report (2019)

March

The Millis Homes For Sale Market Report

Mills has been a steady performer.  Millis is up about 38% from the lows, and it's rise has been steady.  Which makes sense!  Its small and hard to get to, but makes sense for lots of folks.  There's just enough that doesn't work to keep things from getting crazy - but plenty of things that do work to keep prices moving.  

Can’t see the chart? You can find it Here .

Ultimately, the HSI has come down from the peak, but things are still good for sellers - just not crazy good. 

What should potential home buyers do in Millis ?

If Millis works for you, the market isn't overheated.  There just aren't lots of options.  

Find Your Next Home or Check out the Competition!

What should future home sellers do in Millis ?

Traffic is light, but buyers are moving quickly for the right property.  Even homes that don't sell right away find buyers quickly.  Getting your home presentable and priced right will improve your experience.  Going to high is likely to deter buyers. 

Millis Homes For Sale and Sold Market Statistics - MLS Data

  • The Millis “Home Seller Index” (HSI): 206 Last Report:337
  • There are 19 homes currently listed as For Sale by Home Sellers.
  • In Millis there have been 58 houses sold in the last 6 months, and 27 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 28 days for the last 6 months of SOLD homes In Millis .
  • Homes for sale have been looking for buyers for an average of 76 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 233 (vs. 220 in the last report)
  • Current home sellers are looking for $ 228 /sq foot
  • There was an Average Sold Price of $474,102 .
  • Millis , MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Top Reads by Matt the Realtor

Read my Explanation for Massachusetts Home Data Reports.

Posted in Millis, MA
March 31, 2019

Milford, MA Home Sales and Real Estate Market Report (2019)

March

The Milford Homes For Sale Market Report

The Milford chart looks very different from Medfield.  Just about the time prices stopped going up in Medfield, they started a new surge in Milford.  In Milford, affordability is much less of an issue, with prices still under $200/ sq foot, not the $300 they are getting in the more expensive areas. 

Can’t see the chart? You can find it Here .

In this case, the lack of inventory is having an effect on prices.  While the HSI remains above 300, we'll probably continue to see rising prices this year.  

What should potential home buyers do in Milford?

Home buyer in Milford will see lots of competition, so know what you want and examine things closely first go around - you won't get a second look.  And if you can, examine properties that need a lot of work - they are selling below where they should, so there's equity opportunities there.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Milford?

The home selling is easy in Milford.  It's find a place to go that's tough!  

Milford Homes For Sale and Sold Market Statistics - MLS Data

  • The Milford “Home Seller Index” (HSI): 330 Last Report:391
  • There are 20 homes currently listed as For Sale by Home Sellers.
  • In Milfordthere have been 153 houses sold in the last 6 months, and 81 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 30 days for the last 6 months of SOLD homes In Milford.
  • Homes for sale have been looking for buyers for an average of 102 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 192 (vs. 182 in the last report)
  • Current home sellers are looking for $ 183 /sq foot
  • There was an Average Sold Price of $365,413 .
  • Milford, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Top Reads by Matt the Realtor

Read my Explanation for Massachusetts Home Data Reports.

Posted in Milford, MA
March 30, 2019

Medfield, MA Home Sales and Real Estate Market Report (2019)

March

The Medfield Homes For Sale Market Report

Here in Medfield, an expensive town in my area, as it lies closer to Boston, we see that prices are having trouble moving up.  After a great run, moving from 220 to 280, they remain about where they were for the past 2 years.  Sellers expectations have come down - and stay down.  

So what's up in Medfield?  Well this report shows that there is a limit to the affordability of housing, and this part of Massachusetts has been bumping up against that limit.  With a limit to the number of buyers that can pay $300/ sq foot, and those buyers having options elsewhere, they are either choosing to get less in other towns or choosing to pay less in other towns.  Either way - Medfield has been capped out, and it'll stay that way until there's more demand, which could happen with rising prices to the east, or continued falling supply.

Can’t see the chart? You can find it Here .

That won't be easy though -supply remains at record lows. The market is as good for sellers as ever - but the prices rises aren't happening.  In fact, if you look at the data, there's some signs there that we are topping out.  Average sale price dropped - showing that the lower stuff is moving quicker than the higher priced stuff - and the current average days on market for actives is 120 days - not the 75 we are used to seeing.  

What should potential home buyers do in Medfield ?

Recognize that there is softness in the upper levels of the market.  More sellers than buyers.  Lots of competition in the lower levels however. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Medfield ?

Some parts of the market are competitive, and if your home isn't priced right, you're going to sit - potentially for months.  Some luxury homes will find the demand very soft.  Be smart about how you evaluate your competition - it's not just in Medfield. 

Medfield Homes For Sale and Sold Market Statistics - MLS Data

  • The Medfield “Home Seller Index” (HSI):228 Last Report:228
  • There are 19 homes currently listed as For Sale by Home Sellers.
  • In Medfield there have been 99 houses sold in the last 6 months, and 46 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 45 days for the last 6 months of SOLD homes In Medfield .
  • Homes for sale have been looking for buyers for an average of 125 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 279 (vs. 285 in the last report)
  • Current home sellers are looking for $ 313 /sq foot
  • There was an Average Sold Price of $719,361 .
  • Medfield , MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Top Reads by Matt the Realtor

Read my Explanation for Massachusetts Home Data Reports.

Posted in Medfield, MA
March 12, 2019

Marlborough, MA Home Sales and Real Estate Market Report (2019)

March

The Marlborough Homes For Sale Market Report

Marlborough and Hudson look very similar - as they often do.  Buyers often look at homes in both towns - so they keep the prices close to each other.  

Can’t see the chart? You can find it Here .

Still, we can see the cooling off here as well from a scorcher of a market.  Transaction volume remains the same, so listings are beginning to trickle on. Not enough to cool things off, but enough to move the market from impossible to difficult for buyers. 

What should potential home buyers do in Marlborough?

Watch the prices!  Marlborough has run a long way - it's a bit frothy here, and there are some towns that I think are more expensive - but may be a better value down the road.  

Find Your Next Home or Check out the Competition!

What should future home sellers do in Marlborough?

It's a great market for sellers. Prices are at all time highs, and there are still lots of buyers.  

Marlborough Homes For Sale and Sold Market Statistics - MLS Data

  • The Marlborough “Home Seller Index” (HSI): 270 Last Report: 365
  • There are 39 homes currently listed as For Sale by Home Sellers.
  • In Marlborough there have been 169 houses sold in the last 6 months, and 89 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 22 days for the last 6 months of SOLD homes In Marlborough.
  • Homes for sale have been looking for buyers for an average of 109 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $216 ( $207 vs. in the last report)
  • Current home sellers are looking for $ 222 /sq foot
  • There was an Average Sold Price of $417,945 .
  • Marlborough, MA, has 4 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Top Reads by Matt the Realtor

Read my Explanation for Massachusetts Home Data Reports.

Posted in Marlborough, MA
March 10, 2019

Hudson, MA Home Sales and Real Estate Market Report (2019)

March

The Hudson Homes For Sale Market Report

It's hard to imagine, but Hudson has climbed over 30% from the bottom for home prices.  Low inventories means there's prices will continue to climb. Sellers are asking more - but staying close to past sales. 

Can’t see the chart? You can find it Here .

When we look at the data chart, we see the HSI isn't climbing any more - but peaking out at 300, which is kinda nuts, it's really got nowhere to go.  Well above 250 means all clear for sellers. 

What should potential home buyers do in Hudson?

Home buyers will find a lot of traffic still.  There are just too few homes, and buyers are still snapping them up smartly.  Marlborough is largely in the same boat, just more expensive-

Find Your Next Home or Check out the Competition!

What should future home sellers do in Hudson?

I mean, you have to think about it right?  This is a great time to cash out - if you've got moving on the mind.  

Hudson Homes For Sale and Sold Market Statistics - MLS Data

  • The Hudson “Home Seller Index” (HSI):268 Last Report: 330
  • There are 22 homes currently listed as For Sale by Home Sellers.
  • In Hudson there have been 112 houses sold in the last 6 months, and 65 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 28 days for the last 6 months of SOLD homes In Hudson.
  • Homes for sale have been looking for buyers for an average of 59 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $228 ($207 vs. in the last report)
  • Current home sellers are looking for $ 237 /sq foot
  • There was an Average Sold Price of $404,324 .
  • Hudson, MA, has 2 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Top Reads by Matt the Realtor

Read my Explanation for Massachusetts Home Data Reports.

Posted in Hudson, MA
March 8, 2019

Hopkinton, MA Home Sales and Real Estate Market Report (2019)

March

The Hopkinton Homes For Sale Market Report

Hopkinton looks a little out of whack.  When you look at what sellers are asking for, it seems like a stretch.  But it's driven largely by the asking prices in Legacy Farms - which buyers are paying - but probably shouldn't.  

 

Can’t see the chart? You can find it Here .

The drop in inventory has pushed Legacy Farms to high prices, as the last parts of Middlesex county continue to climb.  Is this a new normal?  Only time will tell, but I think there are certainly some things that will change when the inventory returns. 

What should potential home buyers do in Hopkinton?

Be very cautious when getting new construction!  Those prices are not lined up with the rest of the market.  

Find Your Next Home or Check out the Competition!

What should future home sellers do in Hopkinton?

Home sellers should be able to get mega good prices, as they remain near all time highs, up 10 % in just a few years. 

Hopkinton Homes For Sale and Sold Market Statistics - MLS Data

  • The Hopkinton “Home Seller Index” (HSI): 204 Last Report: 181
  • There are 30  homes currently listed as For Sale by Home Sellers.
  • In Hopkinton there have been 148 houses sold in the last 6 months, and 69 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 62 days for the last 6 months of SOLD homes In Hopkinton.
  • Homes for sale have been looking for buyers for an average of 179  days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 232 (vs.  238 in the last report)
  • Current home sellers are looking for $ 277 /sq foot
  • There was an Average Sold Price of 726,756 .
  • Hopkinton, MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Top Reads by Matt the Realtor

Read my Explanation for Massachusetts Home Data Reports.

Posted in Hopkinton MA
March 6, 2019

Holliston, MA Home Sales and Real Estate Market Report (2019)

 

March

The Holliston Homes For Sale Market Report

Quick look at Holliston shows the market is getting better in Holliston for sellers.  This is not because of increased demand, but likely due to rising prices further East.

Can’t see the chart? You can find it Here .

Prices are moving up, but not as quickly as in other places.  Looks like there's some debate about where they can go.

What should potential home buyers do in Holliston?

Home buyers need to be aggressive - the limited inventory, and rising HSI mean there will be bid wars for properly priced property.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Holliston?

Home sellers can take advantage of the tight market to sell quickly!  Spring should be good for sellers in Holliston

Holliston Homes For Sale and Sold Market Statistics - MLS Data

  • The Holliston “Home Seller Index” (HSI):227  Last Report: 209
  • There are 26 homes currently listed as For Sale by Home Sellers.
  • In Holliston there have been 123 houses sold in the last 6 months, and 56 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 37 days for the last 6 months of SOLD homes In Holliston.
  • Homes for sale have been looking for buyers for an average of 203 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 229 (vs. 233 in the last report)
  • Current home sellers are looking for $ 232 /sq foot
  • There was an Average Sold Price of $553,413 .
  • Holliston, MA, has 3 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Top Reads by Matt the Realtor

Read my Explanation for Massachusetts Home Data Reports.

Posted in Holliston, MA
Feb. 28, 2019

Grafton, MA Home Sales and Real Estate Market Report (2019)

February

The Grafton Homes For Sale Market Report

The green line over the 7 years tells the story for Grafton.  The number of homes for sale is about 60-65% less than that time, and as scarcity has shown up, the market has improved for sellers.  Note that transaction activity is pretty constant - there aren't more sales, just fewer sellers each year. 

Can’t see the chart? You can find it Here .

Prices continue to rise, and buyers continue to demonstrate they will pay more.

What should potential home buyers do in Grafton?

Home buyers will find Grafton isn't the tightest market covered here - and prices remain quite reasonable, relative to many towns just to the East.  Prices just now - 14 years after the last peak - are above where they were, but it has been a long slog.  This market is not overheated - and buyers who do their research are getting good value in Grafton.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Grafton?

Home sellers will find a good - but not a great market.  Well priced homes are moving quickly, especially those that look their best.

Grafton Homes For Sale and Sold Market Statistics - MLS Data

  • The Grafton “Home Seller Index” (HSI): 175 Last Report: 191
  • There are 37 homes currently listed as For Sale by Home Sellers.
  • In Grafton there have been 114 houses sold in the last 6 months, and 58 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 42 days for the last 6 months of SOLD homes In Grafton.
  • Homes for sale have been looking for buyers for an average of 105 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $204 (198 vs. in the last report)
  • Current home sellers are looking for $ 213 /sq foot
  • There was an Average Sold Price of 437,132 .
  • Grafton, MA, has 2 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 1 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Top Reads by Matt the Realtor

Read my Explanation for Massachusetts Home Data Reports.

Posted in Grafton, MA
Feb. 27, 2019

Framingham, MA Home Sales and Real Estate Market Report (2019)

 

February

The Framingham Homes For Sale Market Report

Framingham transactions are trending down - but only slightly.  With no inventory coming on, the HSI for sellers continues to move up, as do prices. 

Can’t see the chart? You can find it Here .

Sellers are being careful not to get too optimistic, but they are asking more.  Buyers are getting pickier, which is why homes that aren't selling, are not selling for longer. 

What should potential home buyers do in Framingham?

With a market this hot, buyers should be very careful, with single family prices, multi-family prices, condo prices, and any other high risk locations.  If inventory starts to increase, this market will stall.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Framingham?

It's still important to price your home right.  The number of sellers who aren't "adjusting" to where the market values their home is rising - but home buyers aren't interested in houses that are clearly out of line with the market. 

Framingham Homes For Sale and Sold Market Statistics - MLS Data

  • The Framingham “Home Seller Index” (HSI): 394 Last Report:369
  • There are 43 homes currently listed as For Sale by Home Sellers.
  • In Framingham there have been 348 houses sold in the last 6 months, and 183 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 19 days for the last 6 months of SOLD homes In Framingham.
  • Homes for sale have been looking for buyers for an average of 124 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $257 ($247 vs. in the last report)
  • Current home sellers are looking for $ 272 /sq foot
  • There was an Average Sold Price of $480,243 .
  • Framingham, MA, has 4 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 1 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Top Reads by Matt the Realtor

Read my Explanation for Massachusetts Home Data Reports.

Posted in Framingham, MA