May Market Results are In
The robust local residential real estate market continued to march on in May. Sales volume posted gains of 10.07% over April with 164 new properties going under agreement for the month and while the median sale price remained effectively unchanged with a very slight 0.025% decline, the median sale price climbed by 13.19% to $258,685. All in all, May was a very good month for the local real estate market and to further qualify these results, sales volume was up 30.16% and the medain sale price was up 8.72% when compared to the same time period in 2011.
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 05/01/2012 through to 05/31/2012 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!