Real Estate Sales for Framingham, MA - Home Sales and Real Estate Market Report (May, 2015)

The Framingham Homes For Sale Market Report

Ahh, a rising tide lifts all boats - until the tide goes out again. While the tide is certainly not going out in Framingham, we may be close to the high tide, for now.

 

What's with the water metaphor? Well, if you've been reading this space, you know that Framingham blew the doors off with the last market report, as sales went silly, and prices have been following. But now, with prices climbing ever higher - and quite quickly - we are seeing things slow - a little in Framingham. Let's see.

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

Inventory has almost doubled, but it would need to double again for things to really cool off. Not likely to happen anytime soon. But look at the seller's optimism! They keep moving the goal posts, and prices keep going up - and they will, until the buyers say "no mas" and start focusing on other towns.

What should active home buyers do in Framingham?

With this report in, Framingham houses are now just as expensive as many surrounding communities.  With prices at $209/ sq foot, towns like Southborough, Hopkinton, Ashland, and others are no more expensive - and Westborough is quite a bit cheaper. Yes, all those towns are not as close to Boston, but if you're having trouble finding something - or just getting tired of insane bidding wars - why check out what's there, and see what makes sense for you.  Go before everyone else figures that out - because they will.

Find Your Next Home or Check out the Competition!

What should potential home sellers do in Framingham?

Sell, Sell, Sell. If you want to move (to a town other than Framingham!), Now is the time. Yes, prices could go up, but the demand is near a peak, and the future is known to no one.

 

 

Framingham Houses For Sale and Sold Market Statistics - Raw MLS Data

 

  • Framingham‘s “Home Seller Index” (HSI): 219 Last Report: 327
  • There are 93 homes listed as For Sale.
  • There have been 360 houses sold in the last 6 months, and 219 homes sold in the last 3 months in Framingham.
  • The Average number of Days on Market was 33 days for just SOLD homes.
  • There is an Average Market Time of 84 days of the Framingham homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $209 (vs. $201 in the last report)
  • Current sellers are looking for $216 /sq. foot
  • There was an Average Sold Price of $374,020 for sold homes.
  • Framingham, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 3 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.