The trend continues in Burlington MA with increasing home sale prices.
Market data can give you a sense of what is going on in a particular market. Things willl fluctuate monthly, so it is useful to stay up to date if you are contemplating purchasing or listing in Burlington. The Burlington MA single family 2015 2nd quarter property report below provides up-to-date information.
Burlington MA single family Property Prices
Selling prices are a quick snapshot of an individual market. The average sale price of single family properties in Burlington MA for the quarterly 2015 was $551,661. For the preceding year, that figure was $536,843. Thus, it increased 2.76 %. In the year before that, the average was $466,887.
Burlington MA Listing Activity
Listing volume tell you a few things about the real estate market. Low figures usually result from little inventory, which then leads to a build up of demand and drive up market values. This can be found in a sellers market. On the other hand, high inventory can create a surplus. Buyers may have the advantage in that scenario since sellers must compete to get their properties sold.
In Burlington MA for the 2nd quarter 2015, the listing volume was 54. This is a 9.8% change from the year before (which was56). In the year before that, it adjusted 9.8% from 51 to 56.
Burlington MA 2015 2nd Quarter Average Days On Market
Average days on markettell you how long it requires to attract a ready, willing, and able buyer. It will you offer a hint on how hot the market may be and what advantage you may have as a buyer or seller. When listings are going under contract fast, as a home buyer, you may not have the luxury of waiting to make a decision as the home might no longer be on the market. As a seller, it is helpful to set fair expectations for marketing time. Keep in mind that the listed price and condition of an individual property can affect this marketing frame.
The Average days on market in Burlington MA for the 2nd quarter increased 30.43% from 46 to 60. During the previous period, it moved -30.3% from 66 to 46.
Burlington MA Single Family 2015 2nd Quarter Property Report
For more Burlington MA single family 2015 2nd quarter property report figures or reports for other communities, contact Peter DaMore, Attorney at Law Offices of Peter T. DaMore Jr. The statistics here was compiled from the Mass. MLS Property Information Network, Inc. It is meant to offer a generic understanding of the real estate market, is not guaranteed accurate, and may not necessarily include every single single family transacted in Burlington.