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

July

The Framingham Homes For Sale Market Report

We haven't seen too many down arrows in Framingham, but one of the sharper ones is happening now.  

Buyers and sellers are pulling down asking and paid prices.  Framingham is a big market, and should be watched closely.

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

When we look at the detail, things still seem OK.  A little up tick in inventory is nothing to worry about.  Transactions are down, which created the softening.  Still, transaction levels are very healthy, so there's no panic in Framingham data.

What should potential home buyers do in Framingham?

Home buyers should know that it's still tough out there, but prices are stable, which makes home shopping easier.  There are fewer "Crazy" bid situations, and the market should be rational.  I think prices are too high in Framingham, but they aren't adjusting yet.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Framingham?

Home sellers should recognize that it may not be enough just to put a sign in the yard!  This report shows buyers are not racing to push prices up, and if you reach for a price, you may not get it. 

Framingham Homes For Sale and Sold Market Statistics - MLS Data

  • The Framingham “Home Seller Index” (HSI): 234 Last Report: 394
  • There are 79 homes currently listed as For Sale by Home Sellers.
  • In Framingham there have been 362 houses sold in the last 6 months, and 249 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 Framingham.
  • Homes for sale have been looking for buyers for an average of 78 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $254 (vs. $257 in the last report)
  • Current home sellers are looking for $267/sq foot
  • There was an Average Sold Price of $472,946.
  • Framingham, 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!.

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