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April 29, 2020

Hopkinton, MA Home Sales and Real Estate Market Report (April 2020)

 

The Hopkinton Mass Homes For Sale Market Report and Statistics

April

If you're looking for a relatively unimpacted town, Hopkinton might be it.  Sales and inventory are down a little, but otherwise, it just keeps on trucking.  Note that sellers have dramatically lowered expectations.  

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

Other than the declining transactions, it's hard to see anything amiss here. Inventories are at historical lows, which messes with the HSI number. 

What should potential home buyers do in Hopkinton?

Home buyers should know that Hopkinton remains more competitive- especially in lower price ranges - than some other markets.  Prices are still rising, and homes are still selling.  

Find Your Next Home or Check out the Competition!

What should future home sellers do in Hopkinton?

For home sellers, the market remains strong.  The luxury market is getting crowded - you'll need to be careful with pricing there, a lot of homes are unsuccessful, and DOM market continues to rise, but many homes are still selling quickly.

Hopkinton Homes For Sale and Sold Market Statistics - MLS Data

  • The Hopkinton “Home Seller Index” (HSI): 164 Last Report: 146
  • There are 41 homes currently listed as For Sale by Home Sellers.
  • In Hopkinton there have been 128 houses sold in the last 6 months, and 64 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 52 days for the last 6 months of SOLD homes In Hopkinton.
  • Homes for sale have been looking for buyers for an average of 106 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 247 (vs. 242 in the last report)
  • Current home sellers are looking for $ 256 /sq foot
  • There was an Average Sold Price of $ 680,095   .
  • Hopkinton, 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 Hopkinton MA
April 28, 2020

Holliston, MA Home Sales and Real Estate Market Report (April 2020)

 

The Holliston Mass Homes For Sale Market Report and Statistics

April

Holliston shows us *another* price inverted curve, where sellers are asking less than the last sellers got.  As before, this shows the buyers getting pickier about condition, as they demand steeper reductions for properties that need work, while still paying more for homes that don't. 

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

Falling inventories and a rising HSI show a similar pattern here.  Note the transactions are down, which we have also seen. 

What should potential home buyers do in Holliston?

Home buyers should be aware that some properties remain competitive.  But the values are probably in the homes that needs work - if you can get them down on price.  No one is lining up for those.  

Find Your Next Home or Check out the Competition!

What should future home sellers do in Holliston?

Home sellers should recognize that their home needs to be in A condition to get A prices.  Buyers are paying more attention, and that trend is probably here to stay. Right pricing your home is super important in this market. 

Holliston Homes For Sale and Sold Market Statistics - MLS Data

  • The Holliston “Home Seller Index” (HSI): 195 Last Report: 130
  • There are 30 homes currently listed as For Sale by Home Sellers.
  • In Holliston there have been 111 houses sold in the last 6 months, and 76 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 48 days for the last 6 months of SOLD homes In Holliston.
  • Homes for sale have been looking for buyers for an average of 55 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 241 (vs. 228 in the last report)
  • Current home sellers are looking for $ 238 /sq foot
  • There was an Average Sold Price of $ 559,310 .
  • Holliston, MA, has 3 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 at Heisler & Mattson Properties

Posted in Holliston, MA
April 27, 2020

Grafton, MA Home Sales and Real Estate Market Report (April 2020)

 

The Grafton Mass Homes For Sale Market Report and Statistics

April

If you're looking for optimism, welcome to Grafton.  The sellers in Grafton on average are asking sky high prices - and many of them are builders.  It looks to me like they are overreaching, probably because the buyers aren't paying attention, but only time will tell if the buyers pay attention and realize they are chasing the market a bit. 

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

Declining inventory sets the stage here for a more positive market trend, but again we see that decline in transactions.  I think the HSI is soft here - too many builders competing for too few buyers.

What should potential home buyers do in Grafton?

Home buyers in the luxury market should drive a hard bargain - there's competition out there, and the builders know it.  They probably aren't panicking yet, but some of them might be willing to deal.  

Find Your Next Home or Check out the Competition!

What should future home sellers do in Grafton?

Home sellers will find a good market to price in, especially existing home sellers.  Make sure you're priced right, but prices are headed up, and you can benefit.

Grafton Homes For Sale and Sold Market Statistics - MLS Data

  • The Grafton “Home Seller Index” (HSI): 259 Last Report: 167
  • There are 22 homes currently listed as For Sale by Home Sellers.
  • In Grafton there have been 122 houses sold in the last 6 months, and 59 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 34 days for the last 6 months of SOLD homes In Grafton .
  • Homes for sale have been looking for buyers for an average of 96 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 208 (vs. 203 in the last report)
  • Current home sellers are looking for $ 258 /sq foot
  • There was an Average Sold Price of $449,220 .
  • Grafton , 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 Grafton, MA
April 26, 2020

Framingham, MA Home Sales and Real Estate Market Report (April 2020)

The Framingham Mass Homes For Sale Market Report and Statistics

April

The price chart here looks familiar - consolidating opinions on what prices should be.  Buyers still leaning up, but not aggressively.  Sellers lowering expectations.

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

Framingham is the biggest town we've looked at in a while - but the trends hold.  Falling transactions, falling inventories, steady prices.  The number of buyers are dropping - or out of cash.

What should potential home buyers do in Framingham?

Home buyers won't find much selection, even in a town as big as Framingham, largely due to COVID, but it's been falling for years, and this is just icing on the cake.  Well priced homes are moving quickly - but not quite as quickly as the past few years, showing that buyers are getting more sanguine about prices.  Don't assume you're competing with 10 buyers - you probably aren't.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Framingham?

Home sellers should see that is is a good market, but only if your home is in A condition.  after that, the buyers get picky, and expect discounts for homes that need work.  Pricing is very important in a market like this. 

Framingham Homes For Sale and Sold Market Statistics - MLS Data

  • The Framingham “Home Seller Index” (HSI): 364 Last Report: 234
  • There are 34 homes currently listed as For Sale by Home Sellers.
  • In Framingham there have been 307 houses sold in the last 6 months, and 170 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 32 days for the last 6 months of SOLD homes In Framingham.
  • Homes for sale have been looking for buyers for an average of 94 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 260 (vs. 254 in the last report)
  • Current home sellers are looking for $ 264 /sq foot
  • There was an Average Sold Price of $492,468 .
  • Framingham, 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 at Heisler & Mattson Properties

Posted in Framingham, MA
April 24, 2020

Clinton, MA Home Sales and Real Estate Market Report (April 2020)

The Clinton Mass Homes For Sale Market Report and Statistics

April

Here in Clinton, we see another inverted price curve.  It's on limited data, and I think it's pretty clear there's a distressed outlier pulling it down.   But still, we see rationality in the market, and buyers unwillingness to pick up properties that need work. 

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

Here also, we see inventories at record lows - indicating the market is probably improving for sellers.  There's certainly nothing in the price data that indicates falling prices so far. 

What should potential home buyers do in Clinton?

Home buyers won't find much - with 9 homes on the market.  Those homes have been sittign around, so they are pretty picked over.  We're seeing a lack of listing inventory, as COVID impacts the listing market.  Sales are still brisk, but a bit slower. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Clinton?

Home sellers should be getting ready NOW for when things open up.  The spring market is likely to be short and quick, and those who aren't out on the market will get left behind.  There won't be a lot of time to test the market either. 

Clinton Homes For Sale and Sold Market Statistics - MLS Data

  • The Clinton “Home Seller Index” (HSI): 300 Last Report: 236
  • There are 9 homes currently listed as For Sale by Home Sellers.
  • In Clinton there have been 54 houses sold in the last 6 months, and 34 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 26 days for the last 6 months of SOLD homes In Clinton.
  • Homes for sale have been looking for buyers for an average of 144 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $190 (vs. $164 in the last report)
  • Current home sellers are looking for $144 /sq foot (limited data)
  • There was an Average Sold Price of $ 295,162 .
  • Clinton, MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There is 1 property 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 Clinton, MA
April 23, 2020

Charlton, MA Home Sales and Real Estate Market Report (April 2020)

The Charlton Mass Homes For Sale Market Report and Statistics

April

Charlton again sees a couple of consistent trends in this cycle.  Declining seller expectations, moderately rising prices, falling inventories, and an inverted price curve - showing that buyers are getting rational and picky. 

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

The inverted price curve is especially important in light of these towns that still have really strong HSI's.  A really strong HSI means *everything* should be selling - but inverted price curves mean that sellers are *NOT* being successful unless properties are adjust for the condition.  And homes in less desirable condition are selling poorly, and for much less. 

What should potential home buyers do in Charlton ?

Home buyers will find little in the way of selection.  But note that only the most desirable homes are selling quickly.  Homes that need work can be had for reasonable prices - if you do the math correctly.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Charlton ?

Home sellers are still getting very good prices - in fact the best prices so far.  It is a good time to list - but the market is picky, and pricing wrong means you'll be sitting around. 

Charlton Homes For Sale and Sold Market Statistics - MLS Data

  • The Charlton “Home Seller Index” (HSI): 201 Last Report:118
  • There are 19 homes currently listed as For Sale by Home Sellers.
  • In Charlton there have been 84 houses sold in the last 6 months, and 40 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 49 days for the last 6 months of SOLD homes In Charlton.
  • Homes for sale have been looking for buyers for an average of 152 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged ($175 vs. $161 in the last report)
  • Current home sellers are looking for $ 164 /sq foot
  • There was an Average Sold Price of $ 330,767 .
  • Charlton , 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 at Heisler & Mattson Properties

Posted in Charlton, MA
April 21, 2020

Boylston, MA Home Sales and Real Estate Market Report (April 2020)

The Boylston Mass Homes For Sale Market Report and Statistics

April

Boylston checks in as one of the more seller optimistic towns we've seen - there's a price level that sellers want, and they are sticking to it.  

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

Buyers, however, remain disciplined, and aren't chasing prices too much. Clearly, some homes are worth chasing, and the buyers are putting those under agreement.  Generally at the lower prices though.

What should potential home buyers do in Boylston?

Home buyers will note it's a quiet market in Boylston, with limited options.  Thus, knowing the market and getting the valuation on the property is good idea quickly - because the best price properties are moving quickly.  Further, note that most properties are coming on overpriced - so be careful about pulling the trigger on the wrong one.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Boylston?

Home sellers should realize that overpricing in this market virtually guarantees a long wait cycle for the right buyer.  Many homes have been on for 3 months - with the wrong price.  If you don't want to wait it out, start smart.

Boylston Homes For Sale and Sold Market Statistics - MLS Data

  • The Boylston “Home Seller Index” (HSI): 189 Last Report: 139
  • There are 11 homes currently listed as For Sale by Home Sellers.
  • In Boylston there have been 41 houses sold in the last 6 months, and 22 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 46 days for the last 6 months of SOLD homes In Boylston.
  • Homes for sale have been looking for buyers for an average of 103 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 206 (vs.  193 in the last report)
  • Current home sellers are looking for $ 234/sq foot
  • There was an Average Sold Price of $ 532,563  .
  • Boylston, 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 Boylston, MA
April 20, 2020

Berlin, MA Home Sales and Real Estate Market Report (April 2020)

The Berlin Mass Homes For Sale Market Report and Statistics

April

Here again, we have prices moving upward, but the lack of buying pressure has brought sellers down from their loft aspirations of asking prices.

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

The HSI is still good for sellers, but it has fallen sharply from the peak.   This is a trend we have seen in many reports this cycle.

What should potential home buyers do in Berlin?

Home buyers know Berlin is a small town with limited inventory. Note prices are still rising, but the chances of being out bid significantly have fallen.  Properties in good condition move quickly - the rest, not nearly so quicly.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Berlin?

Home sellers need to be aware that the market is rational in Berlin.  Getting lucky isn't a strategy, so make sure you home is price where it needs to be, or the buyers will pass it by.

Berlin Homes For Sale and Sold Market Statistics - MLS Data

  • The Berlin “Home Seller Index” (HSI): 162 Last Report: 145
  • There are 8 homes currently listed as For Sale by Home Sellers.
  • In Berlin there have been 16 houses sold in the last 6 months, and 10 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 38 days for the last 6 months of SOLD homes In Berlin.
  • Homes for sale have been looking for buyers for an average of 39 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $232 (vs. $205 in the last report)
  • Current home sellers are looking for $ 234 /sq foot
  • There was an Average Sold Price of $471,659 .
  • Berlin, 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 Berlin, MA
April 18, 2020

Ashland, MA Home Sales and Real Estate Market Report (April 2020)

The Ashland Mass Homes For Sale Market Report and Statistics

April

Prices - not inventories - seem to tell the story here.  There's another inverted curve, where the seller asking prices are below the sales prices.  This shows buyers are willing to pay big premiums for homes that don't need work, but are skipping out on properties that do.

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

With an HSI above 400, we should see all properties selling and pushing prices up- but that isn't what we see.  Part of the issue is the Ashland market only has about 9 houses for sale at the moment, and that tiny inventory is skewing the data.

What should potential home buyers do in Ashland?

Home buyers should know that homes in good condition are competitively selling, and it can be hard to win those bids by looking at what isn't selling.  Get a look at past sales to understand where the market is at.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Ashland?

Home sellers should do their best to get their home in show condition.  Homes that need work, won't move at premium prices. 

Ashland Homes For Sale and Sold Market Statistics - MLS Data

  • The Ashland “Home Seller Index” (HSI):429  Last Report: 391
  • There are 9 homes currently listed as For Sale by Home Sellers.
  • In Ashland there have been 77 houses sold in the last 6 months, and 42 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 17 days for the last 6 months of SOLD homes In Ashland.
  • Homes for sale have been looking for buyers for an average of 33 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 258 (vs. 244 in the last report)
  • Current home sellers are looking for $ 222 /sq foot
  • There was an Average Sold Price of $ 495,630  .
  • Ashland, 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 at Heisler & Mattson Properties

Posted in Ashland, MA
April 16, 2020

Worcester, MA Home Sales and Real Estate Market Report (April 2020)

The Worcester Mass Homes For Sale Market Report and Statistics

April

Worcester by far has one of the healthier charts.  The multi-family chart would look even better, as those properties are seeing the best run maybe ever. It's staying rational too.

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

Again, we see transactions and inventories dropping.  It's hard to know how much of that is COVID related, or simply demand related, because in this city, unlike some others, the DOM shows things are moving quickly.  Note the HSI sets a record, at 250, showing a super competitive market. 

What should potential home buyers do in Worcester?

Home buyers still need to move quickly in this market - the demand is outstripping supply, COVID or not.  It will be harder to assess traffic levels without any open houses (as few agents are doing them), which makes bidding harder!

Find Your Next Home or Check out the Competition!

What should future home sellers do in Worcester ?

Home seller are getting record prices and should think about testing the market even though things are more uncertain.  There will be people who need to move.  But in Worcester, the type of property that you are listing is more relevant to whether that strategy makes sense.  Different property types will benefit from different strategies.  

WorcesterHomes For Sale and Sold Market Statistics - MLS Data

  • The Worcester “Home Seller Index” (HSI): 283 Last Report: 245
  • There are 85 homes currently listed as For Sale by Home Sellers.
  • In Worcester there have been 678 houses sold in the last 6 months, and 354 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 Worcester.
  • Homes for sale have been looking for buyers for an average of 67 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 182 (vs. 175 in the last report)
  • Current home sellers are looking for $ 194 /sq foot
  • There was an Average Sold Price of $274,829 .
  • Worcester, 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 at Heisler & Mattson Properties

Posted in Worcester, MA