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Aug. 5, 2019

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

 

July

The Grafton Homes For Sale Market Report

Grafton, one of the slow and stead towns, isn't pulling back much, but it is transitioning to a neutral market.  Price pressures look to be abating.  

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

Once again, we see a mix of slightly higher inventory and lower transaction volume taking the pressure out of the cooker.  But it's not major.  Transactions are on the lower side of the peak, but aren't low. Inventories are up, but are still below 60, a multi-year low. 

What should potential home buyers do in Grafton?

Home buyers will find a competitive market for the best homes.  Ones that need work or are overpriced are sitting around though.  

Find Your Next Home or Check out the Competition!

What should future home sellers do in Grafton?

Home sellers should recognize that the average time on market has almost doubled.  True, it wasn't much to begin with, but it's longer.  Buyers are getting pickier about price and features, and there's no longer a guarantee of a quick sale. 

Grafton Homes For Sale and Sold Market Statistics - MLS Data

  • The Grafton “Home Seller Index” (HSI): 167 Last Report: 175
  • There are 44 homes currently listed as For Sale by Home Sellers.
  • In Grafton there have been 139 houses sold in the last 6 months, and 96 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 60 days for the last 6 months of SOLD homes In Grafton.
  • Homes for sale have been looking for buyers for an average of 93 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $203 (vs. $204 in the last report)
  • Current home sellers are looking for $211/sq foot
  • There was an Average Sold Price of $439,332.
  • Grafton, MA, has 0 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 Grafton, MA
Aug. 3, 2019

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

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!.

Top Reads at Heisler & Mattson Properties

Posted in Framingham, MA
Aug. 2, 2019

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

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

July

The Clinton Homes For Sale Market Report

Clinton has come a long way back in the last three years.  The run has been impressive, so I'm not surprised to see some pull back here. 

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

When we look at the data, I'm not sure the run is over.  Inventories are still very tight, and the HSI, while down, remains above 200.  It's still great for sellers in Clinton.

What should potential home buyers do in Clinton?

Clinton is not an easy market for home buyers, things are moving quickly.  Even homes that don't sell haven't been sitting long, so those sellers won't be coming down in big chunks.  

Find Your Next Home or Check out the Competition!

What should future home sellers do in Clinton?

Home sellers should recognize they have one of the stronger markets and take advantage of it while it lasts.  With so little inventory, every listing will get good traffic.  Correctly positioned listings will move quickly.

Clinton Homes For Sale and Sold Market Statistics - MLS Data

  • The Clinton “Home Seller Index” (HSI): 236 Last Report: 262
  • There are 13 homes currently listed as For Sale by Home Sellers.
  • In Clinton there have been 71 houses sold in the last 6 months, and 39 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 51 days for the last 6 months of SOLD homes In Clinton.
  • Homes for sale have been looking for buyers for an average of 63 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $164 (vs. $185 in the last report)
  • Current home sellers are looking for $182/sq foot
  • There was an Average Sold Price of $286,113.
  • Clinton, MA, has 1 property 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 Clinton, MA
Aug. 1, 2019

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

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

July

The Charlton Homes For Sale Market Report

I would have though Charlton would still be seeing prices up, but they seem to have retrenched a bit.  Home sellers aren't super optimistic here. 

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

Looking at the detail, we see a big pull back in the HSI, largely driven by declining transaction volume and rising inventories.  Hardly a market panic, but indicative that things do not go up in a straight line forever. 

What should potential home buyers do in Charlton?

There is some pressure on homeowners.  Much of the competitive bidding has likely stalled out.  Buyers are looking for value, and while some homes will attract a lot of attention, many won't. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Charlton?

Home sellers need to keep an eye on the inventory levels.  If they keep increasing, it will be a soft fall in Charlton.  Know your micro market if you plan on being a successful seller this fall. 

Charlton Homes For Sale and Sold Market Statistics - MLS Data

  • The Charlton “Home Seller Index” (HSI): 118 Last Report: 184
  • There are 48 homes currently listed as For Sale by Home Sellers.
  • In Charlton there have been 82 houses sold in the last 6 months, and 52 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 72 days for the last 6 months of SOLD homes in Charlton.
  • Homes for sale have been looking for buyers for an average of 92 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $146 (vs. $163 in the last report)
  • Current home sellers are looking for $171/sq foot
  • There was an Average Sold Price of $311,550.
  • Charlton, MA, has 1 property 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 Charlton, MA
July 31, 2019

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

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

July

The Boylston Homes For Sale Market Report

Boylston prices are retracing, but the sellers remain optimistic they will return.

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

After a brief spike in the HSI, it has returned a bit.  Inventories remain tight, but the number of transactions is falling, and the length of time for sales is lengthening.  This is not to say it is a buyers market! It is not, but the pressure on prices is softening.

What should potential home buyers do in Boylston?

Home buyers should know that things are better - but they are still very good for home sellers.  There aren't lots of choices and sellers still have high expectations. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Boylston?

Home sellers should probably recognize it is not a good market to test new and higher prices.  Those don't seem to be working, and it would be wise to be down where the buyers are, and not where you'd like them to be.

Boylston Homes For Sale and Sold Market Statistics - MLS Data

  • The Boylston “Home Seller Index” (HSI): 139 Last Report: 206
  • There are 17 homes currently listed as For Sale by Home Sellers.
  • In Boylston there have been 37 houses sold in the last 6 months, and 24 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 55 days for the last 6 months of SOLD homes In Boylston.
  • Homes for sale have been looking for buyers for an average of 146 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $193 (vs. $210 in the last report)
  • Current home sellers are looking for $230/sq foot
  • There was an Average Sold Price of $550,904.
  • 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
July 30, 2019

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

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

July

The Berlin Homes For Sale Market Report

Berlin looks typical; prices near record highs, but some retrenchment by the they buyers and lowered expectations from seller.

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

When we look at the detailed chart, we see the HSI falling sharply.  A lot of this is that homes are sitting around longer, with an average of 71 days.  That tells us buyers are no longer chasing prices, which is also what we see with the raw prices graph.

What should potential home buyers do in Berlin?

Home buyers will never find a lot of inventory in Berlin.  Underpriced houses are still moving quickly, but homes and homes sellers that are reaching too high on prices are unlikely to find a buyer willing to go there.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Berlin?

Home sellers should recognize that buyers have gotten a lot pickier this year - and it won't be as easy for them to look past your homes flaws, if you're not taking care of them before you list.

Berlin Homes For Sale and Sold Market Statistics - MLS Data

  • The Berlin “Home Seller Index” (HSI): 145 Last Report: 251
  • There are 9 homes currently listed as For Sale by Home Sellers.
  • In Berlin there have been 23 houses sold in the last 6 months, and 14 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 71 days for the last 6 months of SOLD homes In Berlin.
  • Homes for sale have been looking for buyers for an average of 60 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $205 (vs. $210 in the last report)
  • Current home sellers are looking for $230/sq foot
  • There was an Average Sold Price of $535,506.
  • 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
July 29, 2019

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

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

July

The Ashland Homes For Sale Market Report

I would like to tell you I understand what's going on in Ashland - but I'm not sure I do.  Sales prices have been ahead of asking prices, which suggests a two-tiered market based on condition, but when we look at the underlying data in the next chart....

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

I see a sky high HSI, which means everything should be selling, and sellers should be pushing prices up.  They are not!  Off the cuff, it looks like some folks are getting bad advice on how good the market is in Ashland. 

What should potential home buyers do in Ashland?

Demand is super high, and supply is super low.  Make sure you add a couple of towns to your list, Ashland won't be easy. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Ashland?

I would be more aggressive with asking prices!! Every home and situation is different, but it looks to me like sellers are pricing at market, when the environment says they should be setting new highs.  Sellers are leaving money on the table, and that is not a great think to do!

Ashland Homes For Sale and Sold Market Statistics - MLS Data

  • The Ashland “Home Seller Index” (HSI): 391 Last Report: 388
  • There are 12 homes currently listed as For Sale by Home Sellers.
  • In Ashland there have been 89 houses sold in the last 6 months, and 61 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 18 days for the last 6 months of SOLD homes In Ashland.
  • Homes for sale have been looking for buyers for an average of 52 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $244 (vs. $248 in the last report)
  • Current home sellers are looking for $243/sq foot
  • There was an Average Sold Price of $477,038.
  • Ashland, MA, has 1 property 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
July 26, 2019

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

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

July

The Worcester Homes For Sale Market Report

Many of the recent reports have featured doom and gloom.  Not this one!!  Prices asked and paid in Worcester march higher. 

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

There's no mystery as to why.  Look at the steady fall of properties on the market. It continues to fall, and the HSI is approaching 250, as the transaction volume is swamping the available supply.  

What should potential home buyers do in Worcester?

Home buyers should brace for bid wars and super competitive situations for many properties.  They should also be warned that some properties are going to get more then they are worth, as home buyers who are on a timeline out bid others for homes that are high risk, or in risky locations.  Don't assume popular is an indicator of fair value.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Worcester?

Great time to sell! Honestly, I not sure how much better it could get, if you are in Worcester.

Worcester Homes For Sale and Sold Market Statistics - MLS Data

  • The Worcester “Home Seller Index” (HSI): 245 Last Report: 199
  • There are 120 homes currently listed as For Sale by Home Sellers.
  • In Worcester there have been 778 houses sold in the last 6 months, and 519 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 33 days for the last 6 months of SOLD homes In Worcester.
  • Homes for sale have been looking for buyers for an average of 70 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $175 (vs. $164 in the last report)
  • Current home sellers are looking for $174/sq foot
  • There was an Average Sold Price of $258,396.
  • Worcester, MA, has 4 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 2 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
July 25, 2019

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

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

July

The Westborough Homes For Sale Market Report

Looking at the the sellers asking price line, we see that the seller in Westborough have also reduced their expectations.  Home buyers, however, are really digging in, and we are actually seeing a small pullback.  As the number of competitive bids has thinned out, that surge in purchase price has quickly stopped.

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

In this case, the prices seem to be telling a more meaningful story than the underlying data.  The HSI still looks good!  But the transactions are falling - reaching lower higher, and lower lows, each year for 3 years.  That is what demand softening looks like. 

What should potential home buyers do in Westborough?

Home buyers should recognize that things are still good for sellers - under-priced homes will sell quickly - but there is no need to chase overpriced homes - they are unlikely to sell quickly.  Most buyers in Westborough are demanding discounts for homes that need work, and sellers are cutting prices to meet their expectations. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Westborough?

Home sellers need to do their very best to price right and get the home ready.  Failure to do so could mean a 2-4 month sale cycle - not 1-2 weeks - like it has been for several years.

Westborough Homes For Sale and Sold Market Statistics - MLS Data

  • The Westborough “Home Seller Index” (HSI): 140 Last Report: 169
  • There are 45 homes currently listed as For Sale by Home Sellers.
  • In Westborough there have been 92 houses sold in the last 6 months, and 71 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 64 days for the last 6 months of SOLD homes In Westborough.
  • Homes for sale have been looking for buyers for an average of 51 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $226 (vs. $230 in the last report)
  • Current home sellers are looking for $240/sq foot
  • There was an Average Sold Price of $547,007.
  • Westborough, 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 Westborough, MA
July 24, 2019

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

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

July

The Upton Homes For Sale Market Report

Upton, like Southborough, has seen a steady rise in prices, but never really got crazy.  It's up 25% from the lows, which is great.  Sellers though, have lost their optimism.  Basically, since we've been tracking, the sellers have listed far in advance of prices that buyers will willing to pay.  No longer.  Seller motivation wins out - they are coming down to meet the market. 

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

Just a little increase in homes for sale has whacked down the HSI.  This is July, also, when really the inventory should be a bit thinner.  September is going to be interesting!  Want to know if a recession is coming?  We will probably see it here in these charts.  

What should potential home buyers do in Upton?

Home buyers shouldn't chase properties, and should be aggressive in home inspection negotiations.  Sellers are willing to work with home buyers in Upton.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Upton?

Home sellers should recognize that with average market time at 52 days and climbing, this market is cooling off.  Finding buyers isn't easy, and you need to have your home priced right and ready to go if the plan is a quick sale.

Upton Homes For Sale and Sold Market Statistics - MLS Data

  • The Upton “Home Seller Index” (HSI): 121 Last Report: 196
  • There are 28 homes currently listed as For Sale by Home Sellers.
  • In Upton there have been 57 houses sold in the last 6 months, and 39 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 Upton.
  • Homes for sale have been looking for buyers for an average of 77 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $199 (vs. $199 also in the last report)
  • Current home sellers are looking for $204/sq foot
  • There was an Average Sold Price of $463,031.
  • Upton, MA, has 0 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 Upton, Ma