New England Properties

The Trend in Home Sales in Middleboro MA - Improving, or...?

The Trend in Home Sales in Middleboro MA - Improving, or...?

Home prices in Middleboro on average are falling! Home prices have fallen 13.5% since June of 2009.

The current average listing price of homes for sale in Middleboro MA is $300,352, down 1.4% from a month ago. Compare this to the current median sales price of $215,000 - where half of sales are above this amount and half below it.

Prices of 2 bedroom homes are up while prices of 3 and 4 bedroom homes are down. Prices of 2 bedroom homes are up 16.9% while prices of 3 bedroom homes are down 14.3% and 4 bedroom homes are down 20.0% from year ago levels. Below is a chart of the trend of median prices of homes for sale in Middleboro MA over the past year through June 2010:


While cyclical, the number of sales for 2, 3 and 4 bedroom homes have been relatively flat over the past several years. However, sales of 2 and 3 bedroom homes have been increases over the past several months while sales of 4 bedroom homes have been declining:


So what does all this mean? Well, if you're looking for a home in the town of Middleboro, you better not mess around too much. Overall, sales are relatively flat, and prices of homes have fallen in the past year. While sellers still aren't in control of this market, buyers should still be reasonable in their offers when negotiating.

You can still buy a home with no money down in Middleboro with a VA Loan or with a USDA Rural Development Home Loan. With a MassHousing loan, you can purchase a home with as little as 3.0% down. And, with the FHA Mortgage program, you can purchase a home with as little as 3.5% down.

Be sure to contact me, Lew Corcoran, toll free at 1-800-984-3341, when you're looking to get pre-approved for a purchase of your next home in Middleboro or in the surrounding area. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.

 

 

Lew Corcoran
Licensed Real Estate Professional

Best Choice Real Estate Services
133 Turnpike St, South Easton, MA 02375
Phone Toll-Free: (800) 984-3341

Serving Easton MA and the Surrounding Area

 

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1 commentLew Corcoran • August 10 2010 09:23AM