Analysis of Housing Market Statistics
Millis, Massachusetts: No real change in the bank impacted statistics in this report, as we continue to see the financially distressed inventory hold steady in another town. Active Days on Market are down, as new inventory is up substantially, and a small rise in the Days on Market for Sold is indicative of a large range of property selling. With 23 homes in the last three months sold (out of 35 in the last six), Millis should show some positive strength going forward, as the market heads to summer. Buyers have some choices, but the best deals are clearly moving - August could be slim pickings.
Housing Market Statistics
- Millis, MA has 48 homes (vs. 35) listed as Active.
- Millis, MA had 35 houses sold in the last 6 months, and 23 homes (vs. 14) sold in the last 3 months.
- Millis, MA has an Average Market Time of 132 days (vs. 118) for SOLD homes.
- Millis, MA has an Average Market Time of 164 days (vs. 205) for ACTIVE homes.
- Millis, MA has an Average Sold Price of $324,774 for sold homes.
- Millis, MA has 1 properties advertised as lender owned (typically foreclosure) .
- Millis, MA 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.
