The first month of 2013 is behind us already and we are well into the second month. It's time to take a look at the local real estate market.
From January 1, 2013 - January 31, 2013, there were 12 single family homes sold in Stoughton MA*. The lowest priced home sold for $190,000.00 and the highest priced home sold at $371,900.00. The average sales price for the month was $295,142.00.
How did January 2013 compare to January in other years for Stoughton Real Estate?
Typically, January is not a busy month for real estate in this area so it's important to compare to the same month in other years. In terms of number of homes sold, Janaury 2013 sales were up from 12 single family homes sold in January 2013.
The first chart attached shows real estate sales in Stoughton for the month of January for the past five years. 2013 tied for the most sales for the month of January over the past five years.
Average sales price in January 2013 was also up over January 2012. While January 2013 did not have the highest average sales price for the month over the past five years, we are seeing a nice steady increase over the past three years. The second chart attached shows January home prices in Stoughton over the past five years.
As stated before, inventory is down in Stoughton so that would indicate an increase in prices due to simply supply and demand. Buyers and Sellers both need to work with an experienced local agent who can help them through this changing real estate market.
Here's hoping 2013 sees continued improvement for the Stoughton real estate market.
*All data taken from MLS Property Information Network, Inc. Homes sold outside of the MLS are not included in this data.
About the Author: Christine Smith is a Realtor, Buyer's Agent, Attorney, Social media fan, parent and Canton resident. She writes about real estate and events in the Canton area on her blog – Canton MA Events and Real Estate.