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

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

Here is some real estate market data describing the housing market here in Swansea 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 13 single family homes sold in Swansea during August 2011 at an average sale price of $252,769 and median price of $228,000. For the same period in 2010, 9 single family homes sold with an average sales price of $212,222 and median price of $213,500.

Volume is up this year by 44%, while the average price up 19% and the median price up 6.8%.

There are currently 104 single family homes for sale in Swansea, with a median asking price of $249,900, as compared to a year ago when there were 94 homes with a median asking price of $304,000.

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

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