Analysis of Housing Market Statistics
Hopkinton, Massachusetts: What a change in Hopkinton! We've started to see a number of towns with an explosion of inventory, but this is quite the the change - Hopkinton inventory has doubled since the last report. Slow winter sales have trickled in the numbers, actually pushing the trailing sales number down, so Hopkinton has officially cooled off. There's some sales in the pipeline that will make these numbers better, but I would expect the active market time to climb quickly from this point. I'm just not sure that the buyers can absorb this many houses, at the rates they are absorbing them. So: Buyers - if you're looking or a home a home in popular and desirable Hopkinton, now is a good time. Don't wait for the best choices to disappear - homes are moving quickly.
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Housing Market Statistics
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Hopkinton has access to several town and state forests. |
- Hopkinton has 106 homes listed (vs. 53 in the last Hopkinton home sales report) as Active.
- Hopkinton had 59 houses sold (vs. 70) in the last 6 months, and 39 homes sold (vs .33) in the last 3 months.
- Hopkinton has an Average Market Time of 153 days for SOLD homes.
- Hopkinton has an Average Market Time of 81 days (vs. 132) for ACTIVE homes.
- Hopkinton has an Average Sold Price of $475,066 for sold homes.
- Hopkinton has 3 properties advertised as lender owned (typically foreclosure) .
- Hopkinton has 5 properties advertised as short sales required by lender .
*All statistics are for Single Family Homes.
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.
