What has been going on in the City of Fall River housing market during September?

What has been going on in the City of Fall River housing market during September?

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

There were 18 single family homes sold in Fall River area during September 2011 at an average sale price of $185,293 and median price of $179,950. For the same period in 2010, 25 single family homes sold with an average sales price of $179,508 and median price of $169,900.

Volume is off this year by 28%, while the average price is up 3.2% and the median price up 5.9%.

 

There are currently 213 single family homes for sale in Fall River, with a median asking price of $219,900, as compared to a year ago when there were 205 homes with a median asking price of $219,900.

Greater inventory along with stable asking prices and historically low interest rates puts those interested in purchasing a single family home in Fall River 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.