This winter has been exceptionally harsh for the Northeast. Canton MA Home Buyers were still persistent. They dug themselves out from under record snowfall in search of their next home. Canton MA home sales for March 2015 showed how persistent these Buyers could be.
According to the MLS Property Information Network, there were a total of eight Canton MA homes sold in March 2015. This broke the streak of 13 homes sold in March for each of the last four years. It also matched the total amount of homes sold in February 2015. One lucky Buyer purchased a 3 bed/1.5 bath, 1795 square foot, multi-level home for $310,000 (list price) after two months on the market. Another Buyer was able to secure a 4 bed/2 full + 1 half bath, 3980 square foot, Custom Contemporary Ranch-style home for $870,000, almost $30,000 under list price.
The average sale price for a Canton MA home sold last month was $488,438. This was a 15.9% decrease from the same time last year but a 10% increase from February 2015. The total days a Canton MA home spent on the market before receiving an offer increased only slightly (from 76 in 2014 to 78 in 2015). The sale price to list price ratio has not changed at all from March 2014 (96%).
How does this affect the Canton MA Buyer? Sale prices have come way down. How much the weather has impacted the total sales and prices is still yet to be determined. The Federal Reserve is talking about the possibility of raising interest rates beginning as early as June. Many financial experts are predicting that the interest rate could go up as high as 5% by the end of the year. As the temperatures rise, so does interest in the Canton MA real estate market. If you want to buy a home, please contact your Canton MA Buyer Broker today so you can get a jump on your search.
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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