Monday, December 27, 2010

Stow MA - Fewer Home Sales & Lower Prices in November

Welcome to the Stow MA Real Estate Market Conditions Report for December 2010.


Here is what's going on in Stow: list prices for single family homes in Stow range from $199,000 to $719,500. The median list price is less than it was last year at this time - $411,950 compared with $599,900 last year; and the average is also less: $454,378 compared with $545,772 last year. Currently, there are 38 single family homes for sale in Stow MA. Last year at this time there were 35 listings. Average time on the market is 220 days.There is one property with an accepted offer and there are 4 sales pending.

Year to date sales as of 12/20 are up slightly over the same period for 2009; 57 compared with 54. The median sale price so far this year is $447,500; the average is $457,254; both lower than in 2009 when the median was $470,000 and the average was $497,783.

Both the number of closed sales and the median and average sale price during the month of November were less than in November 2009. There were 3 closed sales; the median sale price was $560,000 and the average was $658,667. There were 5 sales during November 2009; the median sale price was $572,000 and the average was $565,000.

Lower list prices and historically low interest rates make this a great time to move to Stow! And with Visit www.marilynmessenger.com to search complete MLS listings with addresses and maps; news and information and market reports for Sudbury, Stow, Maynard, and Weston MA. Facebook users - "like" and search without leaving FB at www.facebook.com/livingwestofboston

Data source: MLSPIN (Multiple Listing Service Property Information Network.

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