I hope everyone had a great Christmas yesterday. The single digit Sharon MA home sale figures continued last month, while prices continued to decline. What specifically did the Sharon MA Home Sales Report for November 2014 say? Here is a brief recap.
According to the MLS Property Information Network, a total of seven single-family homes were sold in Sharon MA between November 1st and November 30th, 2014. This is a slight decrease from the eight sold the previous month and a 65% drop off from the same time last year. One Sharon MA Buyer purchased a 3 bed/1 bath, 1202 square foot Ranch-style home for just $275,000. At the top of last month's sales, someone bought a beautiful 3 bed/2.5 bath, 4300 square foot Colonial for $757,000. Both of these were below their original list price.
The average sale price for a Sharon MA home in November 2014 was $538,571, a 4.2% decrease from the same time last year. The average days a Sharon MA home spent on the market increased from 76 in 2013 to 102 in 2014. The list price to sale price ratio, however, remained exactly the same at 97%.
How does this affect the Sharon MA Buyer? Lower prices are always a welcome sight for Buyers. Low interest rates and an easing of minimum standards by lenders make it easier for Buyers to purchase Sharon MA homes. If you are interested in buying a home, contact your Sharon MA Buyer Broker today. There may only be a few days left of 2014, but that does not mean that time has run out to find your perfect property! Start your search today.
*All data used in this blog post is courtesy of the MLS Property Information Network, Inc. Homes sold outside of the MLS are not included in those numbers.
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Christine Smith is an Attorney and Exclusive Buyer Agent with over 25 years of experience in the real estate field.
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