While the number of homes for sale continues to remain at record lows in most places, single-family inventory in Concord is higher than it was last year, and the median list price is lower! It’s a great time be a home buyer in Concord! Here is the data for Concord.
Homes for Sale 11/9/2017: There are 83 single-family properties for sale in Concord; last year at the same time there were 57. List prices on in Concord range from $399,900 to $12,500,000; the median list price is $1,495,000. The median list price last year in Concord was $1,639,000. The average time on the market for current listings is 163 days compared with 142 days last year.
Luxury home buyers have a variety of options in Concord and with the time on the market exceeding of 6 months for many of these properties and more than one year in some cases. Many of these home sellers may are ready to negotiate especially heading toward the winter months. See all of the properties for sale in Concord.
October Closed Sales: There were 14 closed single-family home sales in Concord in October; the same as in October 2016. Worth noting – the median price of $756,250 was lower than the previous year when it was $932,500.
Year-over-year as of 10-31: Listings units – up 24.62%. Median list price – minus 3.69%. Units pending – minus 14.48%. Median sale price – up 10.65%. Click here to see the full report.
The number of homes listed for the 12-month period ending on 10/31/2017 is the same as for the same period in 2016. The chart below shows market activity for single-family homes in Concord for that 12-month period.
Condominiums for Sale: The number of condominiums for sale in Concord is also higher than last year – there are 18 for sale, including garden apartments at Concord Greene, attached and detached townhouses, and new construction at Black Birch. Click here for the full report.
12-month Condominium Activity as of 10-31:
Seeing how the market compares with previous months and years is interesting, however, looking backwards does not tell you the current value of your property and the amount your neighbors house sold for last Spring really does not matter... Your home's value depends on the exact location and condition of your property and what other houses are on the market that a potential buyer will also be looking at. Your home's position to today's market is what will determine value. Whether you should sell today or wait until Spring when prices generally go up is a decision you need to make based on your needs and goals; not "the market". Most sellers become buyers so it evens out in the end... and remember, there is no time like the present - no one can predict the future.
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Additional Market Reports for Sudbury, Wayland, Maynard, Stow and the latest update from the Institute for Luxury Homes Marketing.
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