Single family home sales in Fall River during 2011

Single family home sales in Fall River during 2011

Here is some real estate market data describing the housing market in Fall River for all of 2011 and how it compares to last year. The data is from the MLS and is for single family homes.

226 single family homes sold in Fall River during  2011 at an average sale price of $183,361 and median price of $180,000. For the same 12 month period in 2010, 247 single family homes sold with an average sales price of $188,643 and median price of $190,000.

2011 volume was down 9% compared to last year, while the average price was down 2.8% and the median price down 5.3% or $10,000.

As of January 1 2012 there were 173 single family homes for sale in Fall River, with a median asking price of $209,900, as compared to January 1 a year ago when there were 185 homes with a median asking price of $219,900.

What does all this mean? Inventory is down about slightly as compared to this time last year but lower asking prices, and the current historically low interest rates, make this an excellent time to be buying a single family home in Fall River!

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