New England Properties: Lew Corcoran (Best Choice Real Estate Services)

What’s Selling – and What’s Not – in Brockton MA 02302 in January 2012

On average, homes for sale in Brockton MA 02302 in January 2012 are on the market for 123 days before they are sold. However, homes in some price ranges are taking a longer time to sell as compared to homes in other price ranges.

The absorption rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. That means it’s the rate at which available homes are sold in a specific real estate market during a given time period. In other words, the figure shows how many months it will take to exhaust the supply of homes on the market if no other homes were listed for sale.

The higher the absorption rate (or the less the number of days homes are on market), the higher the probability that the supply of available homes will shrink rapidly. When the absorption rate is high, a homeowner can sell his or her home for more money in a shorter period of time. When the absorption rate is low, a home buyer will have a larger inventory of homes to choose from, and may be able to buy a home for less money.

• 1 to 4 months supply of homes – has a high absorption rate. This is a Sellers’ Market.
• 5 to 6 months supply of homes – has a normal absorption rate. This is a Normal Market.
• 7 or more months supply of homes – has a low absorption rate. This is a Buyers’ Market.

Below is a chart of the number of days single family homes are on the market in Brockton MA 02302 until sold:

As the graph shows, the following are the number of days the average home for sale in a given price range is on the market before sold:

• $   0k - $100k: 112 days on market (Seller’s Market)
• $100k - $150k: 140 days on market (Normal Market)
• $150k - $200k: 123 days on market (Normal Market)
• $200k - $250k: 122 days on market (Normal Market)
• $250k - $300k:   98 days on market (Seller’s Market)
• $300k - $400k: 141 days on market (Normal Market)

So what does all this mean?

A snapshot of the number of days homes are on the market in a given price range before sold (or the absorption rate) gives both home buyers and home sellers a better idea on how to negotiate the purchase or sale of a home in Brockton MA 02302.

If you’re looking to buy a home for up to $100k or in the $250k - $3000k price range, you may find that sellers aren’t negotiating as it’s taking a little less than 3 months on average to sell a home in these price ranges.

However, if you’re looking in any other price range, you’ll find that it’s a normal market for homes in these price ranges. Lowball offers won't cut it in a market like this, but sellers aren't in control of the market either. Both buyers and sellers should be reasonable when negotiating the purchase and sale of a home in these price ranges.

For more information about what’s selling and what’s not in the Brockton MA 02302 real estate market, or if you any questions about the home buying or selling process, or if you're ready to buy or sell a home, please contact me.

The Trend in Home Prices in Brockton MA 02302 in January 2012 – Improving, or...?

Sales prices of single family homes in Brockton MA 02302 in January 2012 on average have been falling in recent months! Home prices in January 2012 on average are down 40.6% compared to January 2011, and are down 39.5% since July of 2011.

The average listing price of single family homes for sale in Brockton MA 02302 in January 2012 was $123,400, down 25.4% from a month ago. Compare this to the current median sales price of $95,000 - where half of sales are above this amount and half below it.

Below is a chart of the trend of median sales prices of single family homes sold in Brockton MA 02302 over the past 5 years through January 2012:

While the number of single family homes sold per month in January 2012 in Brockton MA 02302 has declined 19.1% from the average over the last 12 months, the average numbers of sales overall is up.

Below is a chart of the trend in the number of monthly settlements of single family homes sold in Brockton MA 02302 over the past 5 years through January 2012:

So what does all this mean? Well, if you're looking for a home in Brockton MA 02302, you may be able to find a bargain. Mortgage rates are at historical lows, and both sales prices of homes and well as the number of homes sold are down.

You can still buy a home in Brockton MA with no money down with a VA Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing loan, you can purchase a home with as little as 3.0% down. When you’re ready to buy a home, find out how much house you can afford to buy in Brockton MA 02302 or in the surrounding area.

For more information about home values and the real estate market in Brockton MA 02302, if you any questions about the home buying or selling process, or when you're ready to buy or sell a home, please contact me.

What’s Selling – and What’s Not – in Brockton MA 02301 in January 2012

On average, homes for sale in Brockton MA 02301 in January 2012 are on the market for 127 days before they are sold. However, homes in some price ranges are taking a longer time to sell as compared to homes in other price ranges.

The absorption rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. That means it’s the rate at which available homes are sold in a specific real estate market during a given time period. In other words, the figure shows how many months it will take to exhaust the supply of homes on the market if no other homes were listed for sale.

The higher the absorption rate (or the less the number of days homes are on market), the higher the probability that the supply of available homes will shrink rapidly. When the absorption rate is high, a homeowner can sell his or her home for more money in a shorter period of time. When the absorption rate is low, a home buyer will have a larger inventory of homes to choose from, and may be able to buy a home for less money.

• 1 to 4 months supply of homes – has a high absorption rate. This is a Sellers’ Market.
• 5 to 6 months supply of homes – has a normal absorption rate. This is a Normal Market.
• 7 or more months supply of homes – has a low absorption rate. This is a Buyers’ Market.

Below is a chart of the number of days single family homes are on the market in Brockton MA 02301 until sold:

As the graph shows, the following are the number of days the average home for sale in a given price range is on the market before sold:

• $    0k - $100k: 164 days on market (Normal Market)
• $100k - $150k:   82 days on market (Seller’s Market)
• $150k - $200k: 131 days on market (Normal Market)
• $200k - $250k: 137 days on market (Normal Market)
• $250k - $300k:   93 days on market (Seller’s Market)
• $300k - $400k: 153 days on market (Normal Market)

So what does all this mean?

A snapshot of the number of days homes are on the market in a given price range before sold (or the absorption rate) gives both home buyers and home sellers a better idea on how to negotiate the purchase or sale of a home in Brockton MA 02301.

If you’re looking to buy a home in the $100k - $150k price range or the $300k - $400k price range, you may find that sellers aren’t negotiating as it’s taking about 3 months on average to sell a home in these price ranges. 

However, if you’re looking in any other price range, you’ll find that it’s a normal market for homes in these price ranges. Lowball offers won't cut it in a market like this, but sellers aren't in control of the market either. Both buyers and sellers should be reasonable when negotiating the purchase and sale of a home in these price ranges.

For more information about what’s selling and what’s not in the Brockton MA 02301 real estate market, or if you any questions about the home buying or selling process, or if you're ready to buy or sell a home, please contact me.

The Trend in Home Prices in Brockton MA 02301 in January 2012 – Improving, or...?

Sales prices of single family homes in Brockton MA 02301 in January 2012 on average have been falling in recent months! Home prices in January 2012 on average are down 10.1% compared to January 2011, and are down 5.5% since July of 2011.

The average listing price of single family homes for sale in Brockton MA 02301 in January 2012 was $166,905, down 10.1% from a month ago. Compare this to the current median sales price of $156,000 - where half of sales are above this amount and half below it.

Below is a chart of the trend of median sales prices of single family homes sold in Brockton MA 02301 over the past 5 years through January 2012:

The number of single family homes sold per month in January 2012 in Brockton MA 02301 has declined 13.0% from the average over the last 12 months.

Below is a chart of the trend in the number of monthly settlements of single family homes sold in Brockton MA 02301 over the past 5 years through January 2012:

So what does all this mean? Well, if you're looking for a home in Brockton MA 02301, you may be able to find a bargain. Mortgage rates are at historical lows, and both sales prices of homes and well as the number of homes sold are down.

You can still buy a home in Brockton MA with no money down with a VA Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing loan, you can purchase a home with as little as 3.0% down. When you’re ready to buy a home, find out how much house you can afford to buy in Brockton MA 02301 or in the surrounding area.

For more information about home values and the real estate market in Brockton MA 02301, if you any questions about the home buying or selling process, or when you're ready to buy or sell a home, please contact me.

Easton MA First-time Homebuyer Assistance Program

The Town of Easton Affordable Housing Trust is offering financial assistance to first-time homebuyers. Participants in Easton's homebuyer assistance program must be first-time homebuyers (with some exceptions), and meet eligibility requirements including income limitations. Participants will be accepted on a first-come, first-served basis.

For complete details and an application for Easton's first-time homebuyer financial assistance program, visit Town of Easton Homebuyer Assistance Program.

For more information about qualifying for a mortgage and buying a home in Easton MA, please contact us.

What’s Selling – and What’s Not – in Easton MA in January 2012

On average, homes for sale in Easton MA in January 2012 are on the market for 162 days before they are sold. However, homes in some price ranges are taking a longer time to sell as compared to homes in other price ranges.

The absorption rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. That means it’s the rate at which available homes are sold in a specific real estate market during a given time period. In other words, the figure shows how many months it will take to exhaust the supply of homes on the market if no other homes were listed for sale.

The higher the absorption rate (or the less the number of days homes are on market), the higher the probability that the supply of available homes will shrink rapidly. When the absorption rate is high, a homeowner can sell his or her home for more money in a shorter period of time. When the absorption rate is low, a home buyer will have a larger inventory of homes to choose from, and may be able to buy a home for less money.

·         1 to 4 months supply of homes – has a high absorption rate. This is a Sellers’ Market.

·         5 to 6 months supply of homes – has a normal absorption rate. This is a Normal Market.

·         7 or more months supply of homes – has a low absorption rate. This is a Buyers’ Market.

Below is a chart of the number of days single family homes are on the market in Easton MA until sold:

As the graph shows, the following are the number of days the average home for sale in a given price range is on the market before sold:

• $150k - $200k:  131 days on market (Normal Market)
• $200k - $250k:  339 days on market (Buyer’s Market)
• $250k - $300k:  167 days on market (Normal Market)
• $300k - $400k:    85 days on market (Seller’s Market)
• $400k - $500k:  199 days on market (Buyer’s Market)
• $500k - $750k:  101 days on market (Normal Market)
• $750k - $1M:     110 days on market (Normal Market)

So what does all this mean?

A snapshot of the number of days homes are on the market in a given price range before sold (or the absorption rate) gives both home buyers and home sellers a better idea on how to negotiate the purchase or sale of a home in Easton MA.

If you’re looking to buy a home in the $300k - $400k price range, you may find that sellers aren’t negotiating as it’s taking less than 3 months on average to sell a home in this price range.

However, if you’re looking in the $250k - $250k price range or the $400k - $500k price range, you’ll find that it’s a buyer’s market, and you may be able to find some bargains in these price ranges -- and especially in the $200k - $250k price range.

If you’re looking in the $150k - $200k price range, the $250k - $300k price range or for homes selling above $500k, you’ll find that it’s a normal market for homes in these price ranges. Lowball offers won't cut it in a market like this, but sellers aren't in control of the market either. Both buyers and sellers should be reasonable when negotiating the purchase and sale of a home in these price ranges.

For more information about what’s selling and what’s not in the Easton MA real estate market, or if you any questions about the home buying or selling process, or if you're ready to buy or sell a home, please contact me.

The Trend in Home Prices in Easton MA in January 2012 – Improving, or...?

Sales prices of single family homes in Easton MA in January 2012 on average have been falling in recent months! Home prices in January 2012 on average are down 16.0% compared to January 2011, and are down 10.3% since July of 2011. However, it’s important to note that on average, home sales prices in Easton have been rising slightly over the past 6 months.

The average listing price of single family homes for sale in Easton MA in January 2012 was $378,143, down 12.6% from a month ago. Compare this to the current median sales price of $359,600 - where half of sales are above this amount and half below it.

Below is a chart of the trend of median sales prices of single family homes sold in Easton MA over the past 5 years through January 2012:

The number of single family homes sold per month in January 2012 in Easton MA has declined 28.6% from the average over the last 12 months.

Below is a chart of the trend in the number of monthly settlements of single family homes sold in Easton MA over the past 5 years through January 2012:

So what does all this mean? Well, if you're looking for a home in Easton MA, you may be able to find a bargain. Mortgage rates are at historical lows, and both sales prices of homes and well as the number of homes sold are down.

You can still buy a home with no money down with a VA Loan or with a USDA Rural Development Home Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing loan, you can purchase a home with as little as 3.0% down. When you’re ready to buy a home, find out how much house you can afford to buy in Easton MA or in the surrounding area.

If you really like this blog post, please comment below and/or share it with your friends.

For more information about home values and the real estate market in Easton MA, if you any questions about the home buying or selling process, or when you're ready to buy or sell a home, please contact me.

What’s Selling – and What’s Not – in West Bridgewater MA in January 2012

On average, homes for sale in West Bridgewater MA in January 2012 are on the market for 89 days before they are sold. However, homes in some price ranges are taking a longer time to sell as compared to homes in other price ranges.

The absorption rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. That means it’s the rate at which available homes are sold in a specific real estate market during a given time period. In other words, the figure shows how many months it will take to exhaust the supply of homes on the market if no other homes were listed for sale.

The higher the absorption rate (or the less the number of days homes are on market), the higher the probability that the supply of available homes will shrink rapidly. When the absorption rate is high, a homeowner can sell his or her home for more money in a shorter period of time. When the absorption rate is low, a home buyer will have a larger inventory of homes to choose from, and may be able to buy a home for less money.

·         1 to 4 months supply of homes – has a high absorption rate. This is a Sellers’ Market.

·         5 to 6 months supply of homes – has a normal absorption rate. This is a Normal Market.

·         7 or more months supply of homes – has a low absorption rate. This is a Buyers’ Market.

Below is a chart of the number of days single family homes are on the market in West Bridgewater MA until sold:

As the graph shows, the following are the number of days the average home for sale in a given price range is on the market before sold:

• $100k - $150k:    97 days on market (Seller’s Market)
• $150k - $200k:  151 days on market (Normal Market)
• $200k - $250k:    68 days on market (Seller’s Market)
• $250k - $300k:    40 days on market (Seller’s Market)
• $300k - $400k:  104 days on market (Normal Market)
• $400k - $500k:    75 days on market (Seller’s Market)

So what does all this mean?

A snapshot of the number of days homes are on the market in a given price range before sold (or the absorption rate) gives both home buyers and home sellers a better idea on how to negotiate the purchase or sale of a home in West Bridgewater MA.

If you’re looking to buy a home in the $100k - $150k price range, the $200k - $300k price range, or above $400k, you may find that sellers aren’t negotiating as it’s taking less than 3 months on average to sell a home in these price ranges.

However, if you’re looking in the $150k - $200k price range or the $300k - $400k price range, you’ll find that it’s a normal market for homes in these price ranges. Lowball offers won't cut it in a market like this, but sellers aren't in control of the market either. Both buyers and sellers should be reasonable when negotiating the purchase and sale of a home in these price ranges.

For more information about what’s selling and what’s not in the West Bridgewater MA real estate market, or if you any questions about the home buying or selling process, or if you're ready to buy or sell a home, please contact me.

Home Sales Prices Bridgewater MA

Number of days until single family homes are sold in West Bridgewater MA in January 2012

The Trend in Home Prices in West Bridgewater MA in January 2012 – Improving, or...?

Prices of single family homes in West Bridgewater MA in January 2012 on average have been falling in recent months! Home prices in January 2012 on average are up 12.6% compared to January 2011, and they are down 6.4% since July of 2011. It’s important to note that on average, home sales prices in West Bridgewater have remained fairly level over the past 2.5 years.

However, the average listing price of single family homes for sale in West Bridgewater MA in January 2012 is $285,140, up 13.6% from a month ago. Compare this to the current median sales price of $275,000 - where half of sales are above this amount and half below it.

Below is a chart of the trend of median sales prices of single family homes sold in West Bridgewater MA over the past 5 years through January 2012:

Meanwhile, the number of single family homes sold per month in January 2012 in West Bridgewater MA has increased 19.1% from the average over the last 12 months.

Below is a chart of the trend in the number of monthly settlements of single family homes sold in West Bridgewater MA over the past 5 years through January 2012:

So what does all this mean? Well, if you're looking for a home in West Bridgewater MA, you may be able to find a bargain. Mortgage rates are at historical lows, and while sales prices of homes are down, sales of homes are up.

You can still buy a home with no money down with a VA Loan or with a USDA Rural Development Home Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing loan, you can purchase a home with as little as 3.0% down. When you’re ready to buy a home, find out how much house you can afford to buy in West Bridgewater MA or in the surrounding area.

If you really like this blog post, please comment below and/or share it with your friends.

For more information about home values and the real estate market in West Bridgewater MA, if you any questions about the home buying or selling process, or when you're ready to buy or sell a home,please contact me.

What’s Selling – and What’s Not – in East Bridgewater MA in January 2012

On average, homes for sale in East Bridgewater MA in January 2012 are on the market for 156 days before they are sold. However, homes in some price ranges don’t take as long to sell as compared to homes other price ranges.

The absorption rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. That means it’s the rate at which available homes are sold in a specific real estate market during a given time period. In other words, the figure shows how many months it will take to exhaust the supply of homes on the market if no other homes were listed for sale.

The higher the absorption rate (or the less the number of days homes are on market), the higher the probability that the supply of available homes will shrink rapidly. When the absorption rate is high, a homeowner can sell his or her home for more money in a shorter period of time. When the absorption rate is low, a home buyer will have a larger inventory of homes to choose from, and may be able to buy a home for less money.

·         1 to 4 months supply of homes – has a high absorption rate. This is a Sellers’ Market.

·         5 to 6 months supply of homes – has a normal absorption rate. This is a Normal Market.

·         7 or more months supply of homes – has a low absorption rate. This is a Buyers’ Market.

Below is a chart of the number of days single family homes are on the market in East Bridgewater MA until sold:

As the graph shows, the following are the number of days the average home for sale in a given price range is on the market before sold:

• $100k - $150k:    81 days on market (Seller’s Market)
• $150k - $200k:  278 days on market (Buyer’s Market)
• $200k - $250k:  110 days on market (Normal Market)
• $250k - $300k:  147 days on market (Normal Market)
• $300k - $400k:  133 days on market (Normal Market)
• $400k - $500k:  186 days on market (Buyer’s Market)

So what does all this mean?

A snapshot of the number of days homes are on the market in a given price range before sold (or the absorption rate) gives both home buyers and home sellers a better idea on how to negotiate the purchase or sale of a home in East Bridgewater MA.

If you’re looking to buy a home in the $100k - $150k price range, you may find that sellers aren’t negotiating as it’s taking less than 3 months on average to sell a home in this price range.

However, homes in the $400k - $500k price range are just inside the buyer’s market, and you may be able to find some bargains in this price range.

If you’re looking to buy a home in the $150k - $200k price range, you too may be able to find a bargain. It’s taking on average more than 9 months to sell a home in this price range, and home sellers may be more than eager to negotiate with you.

For homes in the $200k - $400k price range, it’s a normal market for homes in this price range. Lowball offers won't cut it in a market like this, but sellers aren't in control of the market either. Both buyers and sellers should be reasonable when negotiating the purchase and sale of a home in this price range.

Be sure to contact me, Lew Corcoran, toll free at 1-800-941-5616, if you're looking to buy or sell a home in East Bridgewater MA.