Framingham, MA - Home Sales and Statistics (October)

The Framingham Homes For Sale Market Report

Framingham continues to improve for sellers, and put a hurtin' on buyers. The HSI moved up, impressively, to 118, where it will probably peak for the year, but what a peak! Home sales average just 84 days on market,

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and you can also see that in the average days on the market for the actives - just 135. With houses not sitting around, that means sellers aren't going to be giving away the store - expect tough negotiations with sellers. Clearly, if you have a good condition, good location home you want to sell you can!! And, you should be looking to "test" the market upwards - it's likely there's buyers out there who are willing to push up based on this data.



The foreclosures are back - but modestly so - at just four. Short-sale stay the same. Pending home sales are strong, and this data will keep looking good through the end of the year, even if it cools off a bit.

Framingham Houses For Sale and Sold Market Statistics - Raw MLS Data

Home Buyers are Knocking On Doors

• There are 164 homes (vs. 165 in the last report listed as For Sale.
• There have been 339 houses sold (vs. 307) in the last 6 months, and 189 homes sold in the last 3 months.
• The Average number of Days on Market was 84 days (from 101) for just SOLD homes.
• There is an Average Market Time of 135 days of the homes For Sale.
• The Dollars paid per Square Foot in Framingham is $177 (vs. $174 )
• There was an Average Sold Price of $340,499 for sold homes.
• Framingham has 4 properties (vs. 0) advertised as lender owned/foreclosure (typically foreclosure) .
• Framingham has 19 properties (vs. 19) advertised as a short-sale is going to be needed by lender .
• Framingham “Hot Seller Index” (HSI): 118 Last Report: 114

*All statistics are for Single Family Houses and based on data in MLS.

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