What has been going on in the Greater Fall River housing market during August?

What has been going on in the Greater Fall River housing market during August?

Here is some real estate market data describing the housing market here in the Greater Fall River area during the month of August and how it compares to the same time last year. The data is from the MLS and includes Fall River, Somerset, Swansea, Dartmouth, Westport, Berkley, Dighton and Tiverton, RI.

There were 130 single family homes sold in the Greater Fall River area during August 2011 at an average sale price of $234,664 and median price of $207,500. For the same period in 2010, 87 single family homes sold with an average sales price of $254,893 and median price of $225,000.

Volume is up this year by a whopping 49%, while the average price in down 7.9% and the median price down 7.3%.

There are currently 1064 single family homes for sale in the Greater Fall River area, with a median asking price of $295,000, as compared to a year ago when there were 970 homes with a median asking price of $324,950.

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

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