The market bounced back from the little breather it took during the month of June. Sales volume in July was up 13.28% over last month, climbing up to 145 transactions from the 128 transactions posted in June, erasing just a bit more than half of the sales volume drop that occured from May to June. Also worth noting is that sales volume was up 21.85% when compared to July 2011. This, seemingly, is a pretty healthy sign for the local real estate market, seeing that July is well within the traditional summer vacation season and people are generally a bit more focused on summer fun and festivities than they are about housing.
While the median sale price dipped 5.38% to $204,850. we saw a spike in the mean sale price in June, up 30.13% to $331,392. Taking a closer look at the sales, we note one $10,000,000. + pending sale, comprised of the 50 acre ocean front Truesdale Farm property on Brayton Pt. Rd. in the town of Westport.
These sales statistics cover the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal monthly activity for residential properties that went under agreement from 07/01/2012 through to 07/31/2012 in our local market area as serviced by the H3MLS-Property Information Network.
If you're ready to jump off the fence and into the local real estate market and take advantage of the opportunities that exist, contact us today to determine your options as either a buyer or a seller. We're here to work through the complexities of the local real estate market, make sure you neither under sell or over pay for your property, and to help you out along the way!
We are ready to serve all of your local real estate appraisal and brokerage needs. Our coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today!