The Stoughton MA Real Estate Market continued to improve over the third quarter of 2013.
From July 1, 2013 - September 30, 2013, there were 93 single family homes sold in Stoughton MA*. The lowest priced home sold for $115,000.00 and the highest priced home sold at $540,000.00. The average sales price for this time period was $316,469.00.
How did the third quarter of 2013 compare to the third quarter in other years for Stoughton Real Estate?
Continuing the trend we have seen in 2013, as shown on the chart below, the third quarter of 2013 saw the an increase over the third quarter of 2012. The third quarter of 2013 saw the highest number of home sales for this time period over the past five years.
Average sales price for the third quarter of 2013 was up over the the same period in 2012 when the average sales price was $285,771.00. The chart below shows that the third quarter of 2013 saw the highest average sales price for this period for the past five years.
The Stoughton MA real estate market continues to show improvement and looks strong heading into the fourth quarter.
What does this mean for buyers? Prices and sales have remained strong and show a slow but steady increase year over year - indicating a stronger market than we have seen in the past few years. Many buyers, being priced out of the surrounding towns of Canton and Sharon, are turning to Stoughton as an affordable alternative. Interest rates, while on the rise, still remain historically low. With a strong market and low rates, if you are ready to make the move, it is a good time to buy a home.
*All data taken from MLS Property Information Network, Inc. Homes sold outside of the MLS are not included in this data.
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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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