Local Real Estate Market Holds Steady

Westport Cape for Sale by The Kinnane Group

The local real estate market has remained active and prices apparently are holding relatively steady.  A brief summary of sales volume as well as median and mean sale prices for each of the months of August, September and October follow:

Month/Year      Units   Median Sale Price   Mean Sale Price
Aug. 2012          157     $196,450                  $244,645
Sept. 2012         145     $189,900                  $253,607
Oct. 2012           137     $199,900                  $232,913

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  08/01/2012 through to 10/31/2012 in our local market area as serviced by the H3MLS-Property Information Network.

This continues a fairly healthy volume of sales in our general market area of the southcoast region of Massacushetts and the nearby east bay area of Rhode Island, a trend that is sustaining.  Although there is still room for improvement this is a continued good news for the local real estate market.  Attached below is a link to a 'PDF' file that illustrates volume and price trending from January 1, 2011 through to October 31, 2012. 

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!

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residential_statistics_pe_10_2012.pdf
File Size:	139 kb
File Type:	pdf

Download File

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