Property sellers and buyers must stay up to date on fluctuations in the market. Real estate statistics can help you understand the market conditions and make informed decisions. The 2015 1st quarter single family property report for Burlington MA in this blog includes some valuable data.
Burlington MA single family Property Prices
Average selling prices are a quick snapshot of an individual market. Single family properties in Burlington MA sold for an average price of 513170 during 1st quarter 2015. For the prior year, that average was $452,570. Thus, it increased 13.39 %. Two years ago, the amount was $410,005.
Burlington MA Market Volume
Listing volume indicate a few things about the market. Low figures normally reflect low inventory, which contributes to pent up demand and elevate market values. This may be apparent in a sellers market. Alternatively, a lot of inventory can result in an excess. Home buyers can receive the upper-hand in that scenario as sellers will vie to get their houses sold.
In Burlington MA during the 1st quarter 2015, the listing volume was 24. This decreased -3.57% from the year before (which was27). Before that, it varied -3.57% from 28 to 27.
2015 1st Quarter Average Days On Market in Burlington MA
Average days on market describes the amount of time it takes to find a viable buyer. It may you provide a sense of how hot the market is and what leverage, if any, you might have as either a buyer or seller. When listings are selling quickly, as a prospective buyer, you might not have the benefit of waiting delaying a decision as the house might be taken by another buyer. As someone looking to sell a property, it is important to maintain proper expectations for marketing time. Remember that the set price and condition of a specific house can influence that also.
The Average days on market in Burlington MA for the 1st quarter increased 8.82% from 68 to 74. In the time frame before that, it moved -25.27% from 91 to 68.
2015 1st Quarter Single Family Property Report For Burlington MA
For more 2015 1st quarter single family property report for Burlington MA facts or statistics for nearby cities and towns, contact Peter DaMore, Attorney at Law Offices of Peter T. DaMore Jr. These statistics were compiled from the MA MLS Property Information Network, Inc. It is meant to provide a general overview of the market, is not guaranteed accurate, and may not include every single single family sold in Burlington.