Somerville MA Single Family Home Sale Statistics For 2015

The year ended strong in the Somerville single family home market. This is great news for homeowners! Here are the Somervile MA single family home sale statistics for 2015.

Somerville MA Single Family Property Prices

Average home prices are a great indication of how well the market is doing and what the general trends are. Single family homes in Somerville MA sold for $736,032 on average during 2015. It was only $628,196 for the previous year. This is a 17.17 % increase in prices!. Two years ago, it was $551,998. This is a strong performance year after year.

2015	$736,032
2014	$628,196
2013	$551,998

Somerville MA Market Transactions

Typically, a shortage of listings will contribute to increased sale prices. If you look at the number of homes that sold over the last few years, the figure is actually pretty consistent. However, this doesn’t reflect the fact that demand has increased dramatically during this time. Supply has not caught up with demand. In Somerville MA for 2015, the listing volume was 83. This is the same as the year before. During the year before that, it dropped -4.6% from 87 to 83.

2015	83
2014	83
2013	87

Somerville MA Average Listing Time Frame for the Full Year 2015

Homes are still selling quickly in Somerville MA. The average listing time frame in Somerville MA for the full year decreased -16.67% from 54 to 45. This after it changed 50% from 36 to 54. The averages for the entire year don’t give a clear indication of that. This is because a small group of homes are skewing the numbers. It’s still very common for homes to sell right after the first open house.

2015	45
2014	54
2013	36