• Framingham has 151  (vs. 168 in last report) homes listed as Active
  • Framingham had 199  (vs. 240) houses sold in the last 6 months, and 82 homes sold in the last 3 months
  • Framingham has an Average Market Time of 109 days (vs. 95) for SOLD  homes
  • Framingham has an Average Market Time of 169 days for ACTIVE homes
  • Framingham has an Average Sold Price of $ 328,000 for sold homes

 

 

Question about the terms used here?  Check my Explanation for Massachusetts Home Statistics. All statistics are for Single Family Homes.

 

Analysis of Housing Market Statistics

 

 

 

Is Framingham, one of our best markets for sellers, cooling off?  Well transaction volume (the number of houses sold) is down sharply over the past few months, almost 25%.  And the actives are down too, but not as sharply.  Market time is up, and is trending towards a more neutral number.  I think the market is cooling off, but that actives number, just 151 homes for sale in a town of over 67,000 people, basically means "where are you sellers!!"  It will take very little buying pressure - which is not in these numbers, but we are off the softest six weeks of the year - to drive down market days and push up prices.  Sellers in Framingham, take note, the spring could be really good for you to sell.  Buyers, beware! The recent quieting in the market (which is still a seller's market by all figures), may not last.  It will take significant inventory increases and a fall off in demand to significantly weaken this market.  Be aggressive if you are looking for neighborhood homes in good condition.  They will not last in this market. 

 

 

 

 

 

ALL REAL ESTATE IS LOCAL!  No matter if your town is HOT or COLD, a real estate agent who knows the market can help you position your home for sale. (That would be me.) For more detailed reporting on home selling, including breakdowns by price range, contact Matt Heisler of Heisler & Mattson directly!

 

 

 

About Matt

Matt Heisler is a real-estate professional and owner of Heisler & Mattson Properties.  He has been selling homes for buyers and seller for over 10 years.  He has given several talks on real estate, for both buyers and sellers, 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.

 

 

Do Good Things Today!

 Matt Heisler