Milford, MA - Home Sales Data (May) | Real Estate and Red Sox ...

Analysis of Housing Market Statistics

Milford, Massachusetts has not seen a big rise in either foreclosures (holding steady at just 4) or short-sales (moved up slightly from 14 to 17). ?That's 21 homes that are lender tainted, about 15%. ?It's enough to put some pressure on prices, but with so few being foreclosures, probably not enough to focus on.

The rest of the statistics show the same trend as the majority of the towns followed on these pages. ?A large rise in inventory (homes for sale) since the last report, and an almost equal rise in the last three months sales - showing that the market is seeing a good number of transactions. ?In Milford, as elsewhere, the numbers still look short to me of a tightening market - I think when the fall comes we'll have more to buy than last year - but it depends a lot on how many transaction close by the end of July. Stay posted!

Housing Market Statistics

• Milford, MA has 131 ?homes (vs. 90 in the last Milford Home Sales Report) listed as Active.
• Milford, MA had 86 ?houses sold (vs. 73) in the last 6 months, and 60 ?homes sold (vs. 39) in the last 3 months.
• Milford, MA has an Average Market Time of 134 days for?SOLD ?homes.
• Milford, MA has an Average Market Time of 120 days (vs. 174) for?ACTIVE?homes.
• Milford, MA has an Average Sold Price of $252,150 for sold homes.
• Milford, MA has 4 properties advertised as lender owned (typically foreclosure) .
• Milford, MA has 17 properties (vs. 14) advertised as short sales required by lender .

*All statistics are for Single Family Homes.

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*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.

Source: http://www.homesellinginmass.net/2011/06/milford-ma-home-sales-data-may.html

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