Single Family homes sold and for sale in Somerset during November

Single Family homes sold and for sale in Somerset during November

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

There were 11 single family homes sold in Somerset during November 2011 at an average sale price of $179,818 and median price of $195,000. For the same period in 2010, 7 single family homes sold with an average sales price of $244,129 and median price of $265,000.

Volume was up this year by 57% during November, while the average price  down 26.3% and the median price down nearly 26.4%.

There are currently 100 single family homes for sale in Somerset, with a median asking price of $229,950, as compared to a year ago when there were 82 homes with a median asking price of $261,200.

Buyers continued to take advantage of favorable pricing during November. 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. Be one of the lucky ones to take advantage of this rare opportunity. Start looking for your next home today!

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