The Berlin Homes For Sale Market Report

Berlin remains a good market for homes sellers. Prices remain near their highs, transaction volume set a record, and inventory - the number of homes for sale - remains tight.

Home Sellers saw lots of sales -

and raised prices on new listings.

Can’t see the chart? You can find it Here .

It is worth noting that current home sellers are quite optimistic too - with asking prices far ahead of current sale prices. They haven't been rewarded though - as their days on market is much greater than the sales. This looks like another situation where homes sellers will need to make some price cuts based on their wishes to entice buyers.

What should active home buyers do in Berlin?

I think the current home buyers have it right - they are waiting out the lower prices. The properties that are out there are 10% or more ahead of the market, so even with 5% reductions, sellers are still quite optimistic that buyers will come up. To be right though, inventories need to fall further, and new homes can't undercut current asking prices. One of the other of those things will happen I think, as we've seen elsewhere, and so buyers should remain patient if Berlin is their goal.

Find Your Next Home or Check out the Competition!

 

What should potential home sellers do in Berlin?

With an HSI of 165, the market is good - however, home buyers remain rational. They aren't chasing prices. For new home sellers, there is an opportunity to "look cheap" while the rest of the market sits out at too high a price, and yet you can still ask a premium over Spring prices. That is a good place to be for a seller.

The HSI suggests future price increases may be

possible for home sellers, but slightly

rising inventories may slow that process.

 

Berlin Houses For Sale and Sold Market Statistics - MLS Data

 

  • Berlin‘s “Home Seller Index” (HSI): 165 Last Report: 179
  • There are 11 homes listed as For Sale.
  • There have been 31 houses sold in the last 6 months, and 15 homes sold in the last 3 months in Berlin.

    Leaves are down early this year - get raking!
  • The Average number of Days on Market was 45 days for just SOLD homes.
  • There is an Average Market Time of 108 days of the Berlin homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged 178 (vs. 179 in the last report)
  • Current sellers are looking for $204 /sq foot
  • There was an Average Sold Price of $364,533 for sold homes.
  • Berlin, MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 2 properties advertised as a short-sale is going to be needed by the lender.

 

 

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends.

*That means you won’t find it anywhere else. Take that, Case-Schilling!.

 

Don’t Go Just Yet! More Information for you…

About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. 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.