The Trend in Home Sales in Marshfield MA - Improving, or...?
Home prices in Marshfield on average are rising! Home prices have risen 9.5% since June of 2009.
The current average listing price of homes for sale in Marshfield MA is $456,320, down 3.2% from a month ago. Compare this to the current median sales price of $325,750 - where half of sales are above this amount and half below it.
Prices of 2, 3 and 4 bedroom homes are all selling for more. Prices of 2 bedroom homes are up 35.4% while prices of 3 bedroom homes are up 9.2% and 4 bedroom homes are up 3.2% from a year ago. Below is a chart of the trend of median prices of homes for sale in Marshfield MA over the past year through June 2010:
While cyclical, the number of sales for 2 and 3 bedroom homes have been relatively flat while sales of 4 bedroom have been increasing over the past year:
So what does all this mean? Well, if you're looking for a home in the town of Marshfield, you better not mess around too much. Overall, sales are relatively flat, but prices of homes have risen 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 Marshfield with a VA 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 Marshfield or in the surrounding area. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.
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