The Stoughton MA Real Estate Market saw increased sales and prices in October 2013.
From October 1, 2013 - October 31, 2013, there were 21 single family homes sold in Stoughton MA*. The lowest priced home sold for $189,900.00 and the highest priced home sold at $547,500.00. The average sales price for this time period was $329,570.00.
How did the October 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, Octoer 2013 saw an increase over October 2012. In fact, October 2013 saw the highest number of home sales for the month of October over the past five years.
Average sales price for October 2013 was also up over October 2012 when the average sales price was $273,025.00. The chart below shows that October 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 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 before prices and rates inch higher.
*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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