South Shore: 781 929 3683 or Boston/Metrowest: 781 549 9562

Hanover MA Market Report – September 2012

Hanover Properties Under $500K

In September of 2012, 8 homes under $500k were sold in Hanover, MA. This is on par with what we would expect compared to the last 12 months.

The average days on the market for these properties were 237 days, with the highest being 719 days and the lowest being 12 days. It seems that some outlyers made this figure higher than would be expected.

These properties sold for an average of 96% of the list price.

The absorption rate for single family homes in Hanover MA is 8.53.

This means that it would take an average of 8.5 months to sell all of the properties that are currently on the market, assuming that no new properties were to come on the market. An absorption rate over 6 months means that it is a Buyer’s Market.

According to the data, if you are a home owner and you would like to sell your home in Hanover; your property would need to be among the top 12% for it to be sold this month.

 

Properties Over $500K

In September of 2012, 8 homes over $500k were sold in Hanover, MA.

The average days on the market for these properties were 61 days, with the highest being 152 days and the lowest being 5 days. These properties sold for an average of 98% of the list price. This data shows that if your home is priced well and prepared for sale, that you can get a quick sale.

The absorption rate for single family homes in Hanover MA is 7.08. This means that it would take an average of 7 months to sell all of the properties that are currently on the market, assuming that no new properties were to come on the market. An absorption rate over 6 months means that it is a Buyer’s Market.

According to the data, if you are a home owner and you would like to sell your home in Hanover; your property would need to be among the top 14% for it to be sold this month.

An interesting note is that the average homes sold per month in the price range over the course of the year was 3.25 homes for month and double that sold this month. It could be time to start preparing your home to go on the market!

 

 

If you are a homeowner in Hanover, MA and you are thinking about putting your home on the market, please contact me on 781 929 3683.

I will advise you on how best to price and position your home to get the best price in a good time.

 

Office

Mass Homes Realty
1100 Washington Street, Suite 5,
Hanover, MA 02339
Phone: 781 924 1142
http://mass-homes.com

South Shore Specialist

Ciara Brennan
781 929 3683
ciarabrennan7@yahoo.com

Boston/Metrowest Specialist

John Becker
jbeckerre@gmail.com
781 549 9562

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