Real Estate Market Report for Rehoboth MA- 508-878-0917
More Good News for Home Sellers in Rehoboth
There are currently 61 homes on the market in Rehoboth MA- with an average asking price of $514, 677.
In December of 2013- the average sale price was $354,000 and only 6 homes sold- compared to 2012 where the sales price for the month of December was $278,000. A very nice improvement of home value in Rehoboth and more of the same to follow in 2014.
The number of homes under contract right now is 133% higher than last year! See chart below
The months supply of inventory for January 6, 2014 in Rehoboth is 9 months which puts us in a buyers market. Anything over 6 months supply of inventory is a buyers market.
Last January we had a 26 months supply of inventory in Rehoboth- a 61% difference and a marked improvement in buyer demand which also will show an increase in home values
I will also point out that the higher end homes in Rehoboth MA do take a little longer to sell.
What will the future bring? While we do not have a crystal ball for home value in rehoboth Analysts from all over the country are predicting real estate values to move up about 5% in first half of 2014.. then become flat for the rest of the year. Interest rates are predicted to rise- some say to 5% and above. If you are a home seller and would like to capitalize on the uptick, please contact me as soon as possible.
You can also visit my comprehensive seller website at http://southeastmahomes.com/sell