New England Properties

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

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
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

 

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

3 commentsLew Corcoran • August 02 2010 09:17AM

Trend in Home Sales in Brockton MA Through April 2010

Trend in Home Sales in Brockton MA Through April 2010

According to Trulia.com, sales prices of homes in Brockton have declined 45.3% over the past 5 years, but have increased 7.7% over the past year through April 2010. The current average listing price of homes for sale in Brockton MA is $209,250, while the current median sales price is $150,492.

The median sales price is the price at which one half of the homes sold above that amount, and one half of the homes sold below that amount. Below is a chart of the trend of median prices of homes for sale in Brockton MA over the past 5 years through April 2010:


Below is a chart of the trend in home sales in Brockton MA over the past 5 years through April 2010:


If you're looking to buy a home or condo in Brockton MA or in the surrounding area, then search the MLS.

 

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

 

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

1 commentLew Corcoran • May 03 2010 10:19AM