What has been going on in the Somerset housing market during September?

What has been going on in the Somerset housing market during September?

Here is some real estate market data describing the housing market in Somerset 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 5 single family homes sold in Somerset area during September 2011 at an average sale price of $229,912 and median price of $227,383. For the same period in 2010, 8 single family homes sold with an average sales price of $210,088 and median price of $219,500.

Volume is down this year by 13%, while the average price is up 9.4% and the median price up 3.6%.

There are currently 101 single family homes for sale in Somerset, with a median asking price of $275,826, as compared to a year ago when there were 87 homes with a median asking price of $282,730.

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

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