The Trend in Home Sales in Brockton MA - Improving, or...?
Home prices in Brockton on average are rising! Home prices have risen 11.0% since June of 2009.
The current average listing price of homes for sale in Brockton MA is $195,157, down 2.3% from a month ago. Compare this to the current median sales price of $161,010 - where half of sales are above this amount and half below it.
However, 2 bedroom homes are selling for less. Prices of 2 bedroom homes are down 11.8% while prices of 1, 3 and 4 bedroom homes are all up. 1 bedroom homes are up 23.5%, while 3 bedroom homes are up 21.5% and 4 bedroom homes are up 16.8% from just a year ago. Below is a chart of the trend of median prices of homes for sale in Brockton MA over the past 5 years through June 2010:
While cyclical, the number of sales have been relatively flat for all styles of homes in the past 5 years:
So what does all this mean? Well, if you're looking for a home in the town of Brockton, 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 Brockton 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 Brockton or in the surrounding area. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.
|
Lew Corcoran Best Choice Real Estate Services Serving Easton MA and the Surrounding Area |
Search the MLS for: Homes for Sale | Homes for Rent Short Sales (Pre-Foreclosures) Government and Bank Foreclosed Homes for Sale Learn how to Avoid Foreclosure with Home Rescue Plans Get the latest Easton MA Real Estate Market News |




