Analysis of Holliston Housing Market Statistics
If you've been reading my Holliston Reports, this months report probably won't shock you. As predicted in the last report, home purchases have completely chewed threw the homes for sale - and sellers aren't listing fast enough to keep up with demand. As a result, we have seen a huge turnaround as Holliston official becomes a seller's market, at least for a little while. Here's why:
With a SOLD/FOR SALE ratio of 3:2 (many more sales than sellers), the demand curve is favoring sellers. Median prices have jumped to the mid four hundreds,
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showing sales in all price ranges. 14 Sales have been at or above list price, showing that there have been competitive offers in almost 20% of sales. All this gives Holliston a Hot Seller Index of 100, and we know that's a huge number.
It's been a real feeding frenzy in Holliston, hopefully sellers are taking advantage. Buyers, be aggressive. Nice properties are difficult to negotiate on if they are new to market.
No changes in the foreclosure, short-sale market. Looks the same from here.
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Holliston Housing Market Statistics - Raw Data
- There are 61 homes (vs. 80 in the last Holliston Home Sales Report) listed as For Sale.
- There have been 98 houses sold (vs. 66) in the last 6 months, and 65 homes sold (vs. 50) in the last 3 months.
- There was an Average Market Time of 114 days (vs. 127) for just SOLD homes.
- There is an Average Market Time of 180 days (vs. 130) of the homes For Sale.
- There was an Average Sold Price of $447,761 for sold homes.
- Holliston has 2 properties (vs. 2) advertised as lender owned (typically foreclosure) .
- Holliston has 6 properties (vs. 7) advertised as short sales required by lender .
- Holliston “Hot Seller Index”:100 Last Report: 80
*All statistics are for Single Family Homes.
Read my Explanation for Massachusetts Home Data Reports.
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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.
