What has been going on in the Berkley housing market during August?

What has been going on in the Berkley housing market during August?

Here is some real estate market data describing the housing market here in Berkley during the month of August and how it compares to the same time last year. The data is from the MLS and is for single family homes.

There were 6 single family homes sold in Berkley during August 2011 at an average sale price of $318,167 and median price of $259,500. For the same period in 2010, 3 single family homes sold with an average sales price of $356,633 and median price of $350,000.

Volume in August has declined this year by 100%, with the average price declining 10.8% and the median price declining 25.9%.

There are currently 47 single family homes for sale in Berkley, with a median asking price of $320,000, as compared to a year ago when there were 41 homes with a median asking price of $359,000.

Greater inventory along with lower asking prices and historically low interest rates puts those interested in purchasing a single family home in Berkley in a very good position. It’s time to act now!

To learn more about the Greater BerkleyMA area, visit my website at www.stevew-homes.com or contact me directly at 508-558-8035.