clark broden’s Blog

According to Greater Boston Association of Realtors statistics covering 9 communities including Framingham, the total number of sales compared to last year at this time show a 30.9% increase.  Good news there.  Prices were down in Ashland, Dover and Hopkinton but up in Framingham, Natick, Needham and Sherborn.  Prices were down just slightly in Holliston and Wellesley.  Another good sign overall is the average days on market is down and the number under agreements are up significantly from 329 to 458 which means closings in the first quarter of 2010 should  be up.

Remember, the new Federal Home Tax Credit ends April 30 with a signed purchase and sale.  This applies to first time buyers as well as current owners who buy another home.  Contact me for further details.  Closings must occur by June 30.

YAA!  President Obama signed the tax credit extension that will help not only new buyers but sellers who have lived in their homes for at least 5 years.  This will really help the real estate market even more.  Contact me anytime for all the provisions of the new law.

For the third quarter in 32 towns including Framingham our ERA office covers, the number of sales are up 6% while the average sales price is down 4.7 % in MLS figures.  So, a great time to buy with the $8000 tax credit hopefully being extended.

Houses priced right sell quickly.  Marcy and I just sold a nice Marlboro home in less than 2 weeks.  

Marcy and I just sold our last Framingham listing in one day.  There were also 5 other inquiries in that 24 hour period proving that the right pricing and the right agents are what sells houses.  It’s a great time to buy and sell.

According to MLS statistics, comparing today’s date Sept. 19 to 6 months ago, there are lots of positives. In the last month, Framingham had 54 closings with an average of 114 days on the market.

Six months ago, there were only 24 sales in that 30 day period and 124 days on the market.  The average sale price then was $312,000 vs $325,000 for the last 30 days.

Inventory is down now from 179 homes on the market to 164. 

Interest rates are hovering in the  low 5’s so it seems we have reached the bottom and prices are going up. If you are on the fence, it could be time to get off it whether buying or selling.  To find out what’s going on your area, contact me at 508-769-0797 or clarkbroden@erakey.com or www.BrodenHomes.com.

In the wake of today’s national statistics, Framingham seems to bear this out.

Both sales and prices are up in July from previous months.  What kind of information would you like to know? Could it be good  tradespersons, FHA Loans, $8000 First time buyer tax credits, going green, what you can afford, what your home is worth? Give me a call at 508-769-0797. 

There seems to be a rush on for slab ranches.  If you own one or want to own one, contact me. 

What’s going on in your neck of the woods?

Welcome to clark broden’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Framingham.