Local Real Estate Market Snapshot
The numbers for the month of October are in and they reveal a 3rd straight month of heightened sales volume activity in the local real estate market.
The month of October nearly matched the year's monthly sales volume high of 188 units posted in September. October's rally totaled 185 units going under agreement in the local market area, a mere -1.6% drop from the prior month.
On the pricing side during the month of October the median price of homes fell slightly by -4.54% down to $229,000, coming off this year's high of $239,900. realized in September. The mean price also dipped by -12.34% coming off the annual high, also recorded in September, of $295,923 down to $259,409. for October.
These sales statistics cover the communities of Berkley, Dartmouth, Dighton, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal monthly activity for residential properties that went under agreement from 10/01/2013 through to 10/31/2013 in our local market area as serviced by the H3MLS-Property Information Network.
If you're ready to jump 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 nor over pay for your property, and potentially save you thousands of dollars in the process!
We are ready to serve all of your local real estate appraisal and brokerage needs. Our general coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today!
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