For the period of January 1 through June 30 2011, 215 properties sold (single family, multi family and condos) in Fall River, MA. For the same period in 2010, 255 properties sold. This was a decrease of 40 properties or 16%.
For the same period the average selling price in Fall River in 2011 was $160,714 versus $166,251 in 2010, or a 3% decrease.
The average number days homes were on the market (amount of time it took to sell the property) in Fall River for this period in 2011 were 156 days versus 139 days in 2010 - an increase of 17 days or 12%.
To summarize, home sales for the first six months of this year versus last year, in Fall River MA, were off 16%, the price the homes sold for was down 3% and the length of time it took to sell these home increased 12%. There are 444 homes for sale in Fall River as of 7/1/11 with an average list price of $218,406 and have been on the market for an average of 194 days.
To learn more about the Greater Fall River area, visit my website at www.stevew-homes.com or contact me directly at 508-558-8035.
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