North Reading MA Single Family Real Estate Overview For January To December 2013

The North Reading MA single family real estate overview for January to December 2013 in this blog detail stats on average sales, listing volume, and average days on market for the last several years. Average sale prices offer valuable information about the condition of the real estate market, particularly when compared to past time frames. The volume of listings reflects market activity. Thirdly, the days on market demonstrates demand. When viewed together, these three statistics can help you assess whether it is a good time to buy or sell a property, how long that process may take, and the price you may pay.

Single Family Property Sales for North Reading MA

January To December Average Price of Homes Closed

The average selling price in North Reading MA for the January to December increased 9.3% from $456,914 to $499,427. This after it increased 3.58% from $441,112 to $456,914. Before that there was a -10.46% change. These figures exhibit no consistent pattern during the past few years.

2008 $497,148
2009 $426,765
2010 $492,619
2011 $441,112
2012 $456,914
2013 $499,427

January To December Listing Volume

The Listing volume in North Reading MA for the January to December increased 12.24% from 147 to 165. During the previous period, it increased 36.11% from 108 to 147. Before that there was a 11.34% change. This demonstrates a continuous increase over the last 4 years.

2008 98
2009 124
2010 97
2011 108
2012 147
2013 165

January To December Average Listing Time Frame

The Average listing time frame in North Reading MA for the January to December decreased -40% from 125 to 75. In the time frame previous to that, it increased 12.61% from 111 to 125. Prior to that there was a 0.91% change. The recent reduction is different from the pattern over past years.

2008 125
2009 112
2010 110
2011 111
2012 125
2013 75

North Reading MA Single Family Real Estate Overview For January To December 2013

This data supports suggests that North Reading is a sellers market. # of units listed is up and days on market is down, the avg sales price is also up. Inventory is tight right now and if you are interested in selling in North Reading now is a great time. There is not much inventor on the market. For additional North Reading MA single family real estate overview for January to December 2013 or reports for other cities and towns, please contact Scott Strang, Realtor / Principal Broker at Scott Gregory Group by calling 978-664-2828 or emailing scott@scottgregorygroup.com. Note: These statistics were extracted from third parties including public records and the Massachusetts MLS Property Information Network, Inc. It is meant to offer a general overview of the market, are not guaranteed, and may not include every single family sold in North Reading.