Market Report

REAL ESTATE
MARKET REPORT

August 2013

Taunton Single Family Analysis

Why are the average days on market (DOM) important?

This is a useful measurement because it can help us to determine whether we are in a buyer's market (indicated by high DOM), or a seller's market (indicated by low DOM). Active listings (properties for sale) have been on the market for an average of 95 days.

 

Analysis of sold properties for the last seven months reveals an average sold price of $227,834. July's average sales price was $227,033 which is up 5.9% from the July 2012 average of $213,610.

 

Conclusion:

As of 7/1/2013, there were 129 single family homes on the market and of that, only 20 actually sold. That is a 6.45 month supply of homes indicating the beginnings of a seller’s market. Homes are taking an average of 3.16 months to go under contract currently.

 

 Pricing your home competitively out of the gate is the key to generating traffic. You should price your home in the number one or two slot amongst its competition to get buyers interested. It is far better to receive offers to negotiate up then none to negotiate at all.

 

 

 

 

 

 

 

 

*The information contained in this report is an accurate assessment of general market conditions in the Taunton area and is not meant as an assessment for any specific property.