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2017 2nd Quarter Woburn MA Single Family Home Market Report

Market reports will give you an indication of the condition of a particular market. Patterns could shift regularly, so it is helpful to stay up to date if you are contemplating selling or purchasing in Woburn. The 2017 2nd quarter Woburn MA single family home market report in this blog will be useful if you are thinking of purchasing or selling in Woburn.

Prices of Single Family Properties in Woburn MA

Average selling prices are a quick glance of a specific market. Single family properties in Woburn MA sold for 4,200 on average during 2nd quarter 2017. During the same period of time the last year, that figure was $454,260. Therefore, it increased 13.2 %. Two years ago, it was $446,910.

2017 $514,200
2016 $454,260
2015 $446,910

Woburn MA Market Activity Snapshot

Reviewing listing volume is helpful for several reasons. Few sales typically mean little inventory, which could lead to a build up of demand and increase in market values. This is usually present in a sellers market. Alternatively, too much inventory may create an excess. Home buyers will have the upper-hand in that situation as sellers will compete for fewer potential buyers.

In Woburn MA for the 2nd quarter 2017, the listing volume was 74. This changed 0% from the year before (which was74). In the year before that, it varied -6.33% from 79 to 74.

2017 74
2016 74
2015 79

2017 2nd Quarter Average Listing Time Frame in Woburn MA

Average listing time frameis the time it takes to find a viable buyer. It will tell you how active the market is and what leverage, if any, you could have as either a buyer or seller. When listings are going under agreement in fewer days, as a prospective home buyer, you might not have the option of waiting delaying a decision as the listing might no longer be available. As a home seller, it is important to establish sensible expectations on marketing time. Keep in mind that the price and condition of a specific property can influence that also.

The Average listing time frame in Woburn MA for the 2nd quarter decreased -18.87% from 53 to 43. This after it changed -15.87% from 63 to 53.

2017 43
2016 53
2015 63

2017 2nd Quarter Woburn MA Single Family Home Market Report

For more 2017 2nd quarter Woburn MA single family home market report or details for nearby areas, please contact Christopher Graves , Sales Manager at Sierra Pacific Mortgage Company These figures were compiled from the Mass. MLS Property Information Network, Inc. It is meant to offer a general understanding of the market, is not guaranteed, and may not necessarily include each single family sold in Woburn.

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About Chris Graves

I grew up in Massachusetts, spent the majority of my young adult life in Boston, and own a home in Windham NH. I have owned properties in MA and NH. I specialize in mortgage lending in Massachusetts and New Hampshire and my company does have the ability to lend in other states. I graduated from the University of Massachusetts in Amherst Massachusetts in 2002. I have a Bachelor’s in Science. In addition to managing a team of loan officers my personal loan production is always in the top of the entire of company. I have personally been in the mortgage business for over 13 years. I pride myself with taking my clients from application to close in the smoothest and quickest way possible, while keeping them well informed during the entire process. I originate my own loans from start to finish and work hand in hand with my loan processors & underwriters to make sure I am updated to the minute with all of my files. I stay up to date with lending guidelines and speak with underwriters on a daily basis to ensure I am aware of all of the lending guidelines in place.

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