Framingham Home Sales -Raw Data
- Framingham has 199 homes (vs. 149 in the last Framingham Home Sales Stats) listed as Active.
- Framingham had 188 houses sold in the last 6 months, (vs. 201) and 110 homes (vs. 99) sold in the last 3 months.
- Framingham has an Average Market Time of 116 days (vs. 127) for SOLD homes.
- Framingham has an Average Market Time of 143 days (vs. 171) for ACTIVE homes.
- Framingham has an Average Sold Price of $326,212 for sold homes.
- Framingham has 6 properties (vs. 5) advertised as lender owned (typically foreclosure) .
- Framingham has 22 properties (vs. 19) advertised as short sales required by lender .
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*All statistics are for Single Family Homes.
Analysis of Framingham Housing Market Statistics
Framingham, Massachusetts: An interesting note about the short sales in Framingham - 8 of them have signed offers, and are probably waiting bank approval. So there's really only about 16 left, and many are on the lower end of the market. The bank inventory is definitely enough to pull down comparables, statistics and keep a lid on prices, but I don't really see it pushing prices down - it's just not staying on the market long enough. Big jump in available inventory, and the jump in sales is coming - with 35 properties flagged that will be Sold by the next report. The average days on market for solds continues to fall, suggesting that buyers are out and being aggressive at these prices. Properties in good condition in popular locations are going fast, and are likely receiving multiple bids. (In fact, 10 homes already sold show at or above list price, a sure sign of competitive bids, that will likely increase based on these numbers...) Sellers who wish to sell should hurry up while the demand is there.
Framingham,MA Homes for Sale
Wondering about my Market Methodology? Read my Explanation for Massachusetts Home Statistics.
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Matt Heisler is a real-estate professional and owner of Heisler & Mattson Properties. He has been selling residential real-estate for over 20 years. He has given several talks on real estate, including presentations on first-time buyer tips & tricks, and profiting in real estate investing in Massachusetts. As a Vanderbilt University alumnus, he is proud to serve his local community. *All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.
