I've got the news that Buyers are going to be happy to hear. The July 2015 Stoughton MA Market Report is in. Prices are down from last year. But, at these prices, they aren't on the market for very long!
July 2015 Stoughton MA Market Report Rundown
The MLS Property Information Network recently reported that a total of 32 Stoughton MA homes were sold during July 2015. This is a 68.4% increase from the same time last year. It's also a 33.3% increase over June 2015.
Now THIS is the news that will make Buyers happy. The average sale price for a Stoughton MA home sold in July 2015 was $312,447. That is 15.4% lower than the same time last year. A saavy Buyer was fortunate enough to snag a 3 bed/2 bath, 1922 square foot Colonial for only $149,000 in just 15 days. They paid $40,900 below list price in the process. Another Stoughton Buyer was able to purchase a beautiful 4 bed/2.5 bath, 3213 square foot Colonial in Tanglewood Estates for $508,000. They did pay just over $18,000 over list price. But they also got it in a mere seven days. That's amazing!
What Does This All Mean for the Stougthon MA Buyer?
Lower prices mean that Stoughton MA homes are even more affordable than ever. Rates on 30 year fixed-rate mortgages are continuing to hover around 4%. They could begin an upward trajectory soon, though. So, if you are interested in buying a new home, you need to start now. Contact your Stoughton MA Buyer Broker today.
Do you currently live in the Stoughton MA area? What do you recommend people do while they are in town? What is the biggest event that Stoughton throws every year? Please let me know in the comments below.
*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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