The Canton MA Home Sales Report for August 2015 is in. Sales remained steady but prices have come down slightly. That should make Buyers really happy. Let me give you the rundown on how the Canton MA market operated last month.
Canton MA Home Sales Report - August 2015
The MLS Property Information Network reported that a total of 20 Canton MA homes were sold during the month of August 2015. This was 26% lower than the 27 sold the month prior. But it was exactly the same amount as were sold during the same time last year. With the exception of 2012, the Canton MA market typically sees sales of around 19 to 20 during the month of August.
This news should make Buyers the happiest. The average sale price of a Canton MA home in August 2015 was $424,050. That is the lowest August average for the last five years. This was 14.8% lower than the same time last year. It was also a 25.1% drop from the July 2015 average. A ranch-style, 4 bed/2 bath, 842 square foot home sold for $232,600 last month. Another Canton MA Buyer purchased a 5 bed/3.5 bath, 3573 square foot Victorian Colonial for $640,000. That was almost $20,000 under the list price!
What Canton MA Buyers Should Know
Home prices are down. Will they remain that way? I can't guarantee that. If you are interested in buying a Canton MA home, you better start looking now. Interest rates remain around 4%. That is expected to go up by the end of the year. Sellers are willing to work with Buyers to get their homes sold. You just need someone on your side who knows how to negotiate. Contact your Canton MA Buyer Broker today.
Do you live in Canton? Where can I find the best cup of coffee in town? Please let me know in the comments below. I'm always looking for local places to visit.
Learn more about Canton MA in the Canton Real Estate & Community Guide.
*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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