Overview of December 2016 Tewksbury MA Real Estate Update
While December 2016 to December 2015 shows a slight drop in median house the year has showed considerable appreciation in home prices. Inventory still remains drastically low especially with condominiums. Combined with low days to offer we have to call this a moderate sellers market in Tewksbury.
December 2016 Statistics for Tewksbury Single Family Homes
25 Tewksbury Single Family Homes sold for a Median Price of $380,000 with 30 days to an offer in December 2016 compared to 23 homes for a Median Sales Price of $390,00 with 33 days to an offer December 2015.
December showed a sold low single family price of 172,500 and a sold high single family price of 649,900
December saw 16 homes go under pending contract in 36 days to an offer with 8 homes having 9 prices totaling a price reduction of 2.59%.
December 31st saw 13 homes on the market for a Median Asking Price of $469,900 vs 29 in 2015
December 2016 Real Estate Statistics for Tewksbury MA Condominiums
12 Tewksbury Condominiums sold for a Median Price of $298,550 with 16 days to an offer in December 2016 compared to 15 homes for a Median Sales Price of $275,00 with 11 days to an offer December 2015.
Tewksbury sold condominiums saw a low of $225,000 and a high of 489,000.
December saw 5 homes go under pending contract in 5 days to an offer with 8 homes having 9 prices totaling a price reduction of 2.04%
December 31st saw 3 condominiums on the market for a Median Asking Price of $294,900 versus 6 in 2015.
December 2016 Tewksbury MA Real Estate Update has been provided by Kevin Vitali of EXIT Group One Real Estate. Kevin is a local Tewskbury MA Real Estate Agent providing residential real estate services in Essex and Northern Middlesex Counties.
Understanding the real estate market for Tewksbury MA gives you insight into where the market has been and is headed. If you are contemplating selling please feel free to call me for a Comparative market analysis of your home.
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