The Canton MA real estate market offers good news to Buyers. Prices have come down slightly from last year. Interest rates remain low. If you are going to buy, now is a great time. Here is your report on Canton MA Home Sales - May 2015.
The MLS Property Information Network reported that there were a total of 16 Canton MA homes sold in May 2015. This was 11.1% lower than the same time last year. However, it was also 14.3% higher than April 2015.
Here is a bit of information Buyers will be happy to hear. The average sale price paid for a Canton MA home last month was $539,077. That was 7.1% lower than the same time last year. The lowest price paid for a property last month was $282,500. That was for a 3 bed/1 bath, 1200 square foot Colonial in the popular Kennedy School District. The Buyer paid $17,400 under list price and the the offer was in under 23 days. At the higher end, the 7 bed/6 bath, 6050 square foot Laurel Hill Estate located on 4.78 acres sold for $1,250,000 in just over two months.
How does the Canton MA Home Sales - May 2015 report affect the Canton MA Buyer? Lower prices are two words that sound very sweet to a Buyer's ear. Low interest rates are three more. These interest rates may not remain this low for long. The Federal Reserve is set to meet this month to discuss a possible rate increase. Are rates going to go up or will the Fed postpone it? Let me know what you think in the comments below. When you are ready to start looking for a new property, contact your Canton MA Buyer Broker to begin.
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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