For the period of January 1 through June 30 2011, 52 properties sold (single family, multi family and condos) in Somerset MA. For the same period in 2010, 60 properties sold. This was a decrease of 8 properties or 13%.
For the same period the average selling price in Somerset in 2011 was $212,600 versus $243,403 in 2010, or a 13% decrease.
The average number days homes were on the market (amount of time it took to sell the property) in Somerset for this period in 2011 were 114 days versus 95 days in 2010 - an increase of 19 days or 20%.
To summarize, home sales for the first six months of this year versus last year, in Somerset MA, were off 13%, the price the homes sold for was down 13% and the length of time it took to sell these home increased 20%. There are 111 homes for sale in Somerset as of 7/1/11 with an average list price of $274,072 and have been on the market for an average of 171 days.
To learn more about the Somerset and 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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