The Somerville MA single family market did not close out as strongly as the condo market did during the first quarter of this year. Average selling prices actually dropped a bit compared to the first quarter of last year. The 2015 1st quarter single family home statistics for Somerville MA below provides details on home prices and other important statistics for home buyers and home sellers.
Single Family Property Prices in Somerville MA
Single family homes in Somerville MA had an average sale price of 571255 during 1st quarter 2015. For the previous year (and during the same first quarter time frame), it was $622,890. That’s a decrease of 8.29 %. Before that, the amount was $440,822.
Somerville MA Market Transactions
In Somerville MA during the 1st quarter of 2015, the total number of listings sold was 10. This is slightly less than the previous year. The year before that, it was 9. So, last year
2015 1st Quarter Average Marketing Time Frame in Somerville MA
Homes are taking a little bit longer to sell in 2015. Average days on market for homes that sold during the 1st quarter was 85 days. This is higher than last year and the year before.
2015 1st Quarter Single Family Home Statistics For Somerville MA
Overall, the above 2015 1st quarter single family home statistics for Somerville MA shows us that the market is not as hot as it was last year but remains strong. Although average selling prices dropped a bit, they are still much higher than the 1st quarter of 2013. Marketing times are also a little longer, but not by much. What these statistics do not show is that properly priced homes in good condition are actually selling very quickly and with multiple offers. These statistics were extracted from the Massachusetts MLS Property Information Network, Inc. It is intended to provide a generic understanding of the market, is not guaranteed accurate, and might not necessarily account for each single family transacted in Somerville.