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.
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