Real Esate Market Value Assonet MA- Assonet Real Estate and Homes for Sale-02702
With all the talk about the housing market values are coming back.. lets not be too hasty.
As you already know, all real estate is local. Boston and it's suburbs may be improving. Other areas such as Assonet, Taunton, and Rehoboth are showing very slow improvements. As I stated in another blog, when the market turns we will be looking back. Nobody can predict the future.
So How do you determine what the local market is doing?
Review the inventory and health of the market by looking at the number of sold and listed properties.
To understand if the market inventory is growing or shrinking, compare the number of sold properties to new listings. If inventory is growing, the market could be trending toward a buyer's market. If inventory is shrinking, then it could be a seller's market.
Gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer's market.
Here is a link to my website, you can get some really great information about Assonet and other towns and where they are in the real estate arena of supply and demand.
As usual, always feel free to pick up the phone, text or email me. I am happy to help.