Local Real Estate Market Snapshot

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The market activity for November retreated from the level recorded in October that capped 3 straight months of heightened sales volume activity in the local real estate market.

The month of November recorded 138 residential units  going under agreement in the local market area,  representing a 25.4% drop from the prior month, very likely a typical seasonal adjustment, as folks focus more so on the Thanksgiving, Christmas and New Year's holiday season than their housing needs.  

On the pricing side during the month of November the median price of homes fell by 8.5% down to $209,450, coming off this year's high of $229,000. realized in October.  The mean price, however,  gained some ground by moving up 2.1% to $264,874. from the $259,409. mean price posted in 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 11/01/2013 through to 11/30/2013 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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