Key real estate metrics in Middlesex County are still indicating that the current market is still in favor of sellers with the inventory of homes for sale at a level of 1.43 months supply. The level of inventory is down 27% this month and is lower by 44.79% compared to last year. Homes are still selling quickly, averaging only 36 days on the market and on average they are fetching prices 3.6% above listing price.
The median sales price for Single Family Homes selling in Middlesex County $510,000 with 324 sold with an average 37 days on market.
Condos and Townhouses sold for an average price of $355,000 in just 28 days on market.
There are currently 750 active listings of all types with an median list price of $499,949. There are 1,006 listings in a pending status and 439 sold in the last month.
While there are many factors that influence the real estate market, it would seem that the recent declines in interest rates would help more buyers to qualify and thus continue the sellers market.
If you would like us to send a personalized evaluation of your homes value each month to make it easier for you to keep informed, please visit us on our home valuation page on our main website eleganthomesgroup.com.
