Home sales reports will tell you a lot about what is going on in a local market. Patterns could change regularly, so it is important to remain current if you are looking to purchase or sell in Arlington. The single family home sale statistics for Arlington MA 2015 full year in this blog may be useful if you want to purchase or sell in Arlington.
Prices of Single Family Properties in Arlington MA
Home prices are a simple glance of an individual market. The average selling price of single family properties in Arlington MA for the full year 2015 was 691012. For the corresponding period of time the last year, that figure was $664,925. Therefore, it increased 3.92 %. Before that, the average was $594,755.
Arlington MA Market Movement
Listing volume tell you some things about the market. Few sales usually mean little inventory, which might create pent up demand and push up prices. This is usually present in a sellers market. Alternatively, a lot of inventory can create a surplus. Home buyers will have the upper-hand in that case because sellers will compete to get their real estate sold.
In Arlington MA for the full year 2015, the listing volume was 383. This is a 0.37% difference from the year before (which was274). Before that, it adjusted 0.37% from 273 to 274.
Arlington MA 2015 Full Year Average Marketing Time
Average marketing time is the amount of time it takes to attract a viable buyer. It may tell you how hot the market is and what advantage, if any, you may have as either a seller or buyer. When houses are moving in a short time frame, as a home buyer, you might not have the luxury of waiting very long before making a decision as the listing may no longer be available. As a seller, it is important to establish realistic expectations on marketing time. Remember that the listed price and presentation of a certain house can affect the marketing frame.
The Average marketing time in Arlington MA for the full year increased 39.13% from 23 to 32. In the time frame before that, it changed -32.35% from 34 to 23.
Single Family Home Sale Statistics For Arlington MA 2015 Full Year
For additional single family home sale statistics for Arlington MA 2015 full year or details for nearby communities, contact John Montanaro , Broker Owner at Renaissance Realty These statistics were obtained from the MA MLS Property Information Network, Inc. It is intended to offer a basic understanding of the real estate market, is not certified accurate, and might not necessarily encompass every single single family transacted in Arlington.