Market Conditions in Framingham, Massachusetts By submitting this form with your telephone number you are consenting for this website's authorized representatives to contact you even if your name is on the Federal "Do not call List" Thank you for submitting your information. We will be in contact with you by phone or email. Rachel Bodner, Realtor, Broker Associate (ABR), Relocation Specialist (CRS), New Home Specialist (CNHS), Home Marketing Specialist (CHMS), Accredited Real Estate Professional (AREP) Coldwell Banker 447 Boston Post Road Sudbury, MA 01776 Cell: (978) 505-1466 Office: (978) 443-3333x138 Voicemail: (508) 383-0138 Fax: (978) 443-0097
Homes for sale in Framingham MA Metrowest Boston over the past six months have proven to provide many opportunities for Buyer. A Buyer's Market exisits when there are more homes coming on the market versus the homes that are coming off the market (the solds) + the under agreements in a given month. When this happens inventory sits for longer and prices go down.In Framingham MA, at the time of this report, there are 278 single family homes on the market. There are currently 39 solds and 49 under agrement in the past month. What this tells us is that there are many more homes on the market then are going off the market, thus a Buyers Market!
The median price for the single family homes sold during the past 6 months is $383,000TY versus $389,000 LY or a 1.5% decrease in the median sale price. This also shows that Buyers are getting more for their money this year than they did last year!
When looking at these statistics one might say that it is not a good time to be selling a home. If you are looking to "move up" it is a great time to make the move! Although you will get less for your current house than you may have a year ago, you will also pay less for your new one! The amount of money you save on the purchase of your larger home should more than cover the amount that you feel you had lost on your current one!
No one can predict what the Framingham MA Real Estate market will be like in the coming years or even months, but what we do know is that interest rates are still at a historic low and with home prices down it is a great time to make a move! Should the interest rates rise just 1%, a Buyer would have to buy a home for 9% less in order to keep their monthly payments the same! Therefore, it does not make sense to wait since it is more likely that interest rates will increase 1% than it is that prices will drop 9% in the coming months! Home Buyers that are looking to get into the market to receive the benefits of home ownership or Home Buyers that are looking to "move up or down size", should make their move now! If you wait, you may get a lower price, but your monthly payments will most likely be higher!
If you would like to receive up to the minute information on Real Estate and Homes for sale in the Metrowest towns of your choice, Rachel Bodner will set you up to receive automatic updates by E-Mail. After the first update, you will only be updated when something new comes on or if there is a price change. Please feel free to contact Rachel Bodner at 1-(978)-505-1466 or E-Mail Rachel Bodner at Rachel.bodner@nemoves.com. There is no obligation and no cost for these services.
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Rachel Bodner
(978) 505-1466
E-Mail:Rachel.bodner@nemoves.com
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