|
The median price of a single family house in Framingham in 2009 fell from $329,000 in 2008 to $300,000, roughly 10 per cent. The total number of sales also dropped slightly, from 469 to 443.
The good news for homesellers is there are currently far fewer houses listed for sale right now, 104 single families in Framingham compared to 164 one year ago. The number of home foreclosures also seems to have slowed quite a bit.
For condominium sales, there were 173 in 2009 compared with 158 in 2008. The median price of a condominium sold in Framingham declined, however, from $94,750 in 2008 to $85,000 in 2009. There are right now only 56 condos for sale in the MLS, a big drop from 93 exactly one year ago.
Multi-family home prices dropped as well, from a median of $255,500 in '08 to $221,500 in '09. The number of sales also declined slightly, from 54 down to 48. This is most likely due to a decline in inventory, as there are currently only 20 multi-family (2-4 units) homes listed in Framingham as opposed to 35 one year ago. Again, the slowing foreclosure market is probably at work here, and less inventory usually results in stable or even increasing prices.
If you are ever interested in finding out what a home sold for in your neighborhood, or are thinking of placing your home on the market, always feel free to give me a call. As a Natick Realtor with over 16 years of experience, I am uniquely qualified to assist you in marketing your home and obtaining the highest possible selling price.
All of the above information comes from the MLS Property Information Network and was compiled by Jon Treon, CRS, GRI. This represents only homes that were listed and sold by participants in the MLS.
Trackback(0)
 |
TrackBack URI for this entry
Subscribe to this comment's feed
