June Market Update

Well, the long-awaited spring market is officially upon us!!  Days on market has plummeted from a high of 45 in January to 8 at time of writing.  In addition, median % of asking price received ticked up to 101.5% for the first time since June of last year.  On the whole, we are finally seeing a strong and fast market after a slow start to the year.

The numbers above may look like bad news for buyers, but there's more to the story - homes may be selling fast for a little over asking price, but median price is only a modest 2% higher than this time last year.  This suggests that the market remains relatively stable, in spite of a seasonal bump in activity.  In a similar vein, both closed sales and new listings are up by about 2.5%, suggesting that buyers have a bit more inventory to pick from.

If you are in the buyers' seat, the name of the game is 'be prepared.'  Having an existing relationship with a qualified local agent is a crucial first step to success in this fast-paced market.  if you'd like to explore your options and learn more about the market, give us a call at 508-694-6875 or send us an email today!

CALL OR EMAIL TODAY

What's up:

• Closed sales

• % asking price received

What's down:

• New listings

• Days on market

• Sale price