The Brighton, MA Real Estate market continues to be steady and a great performer in the Boston, MA Real Estate Market.
Closing out the month of May we had 122 homes currently for sale with an average price of $349,312 and a days on market of 95 compared to 143 homes with a average price of $347,000 in May of 2010.
Last year we had the first time home buyers tax credit helping stimulate the market, this year we just have healthy organic market growth and I am proud to report that 23 homes sold in May of 2011 while spending 70 days on the market for an average price of $323,869 and a list to sale price ratio of 97.85%. That is pretty impressive considering in May of last year on 4 more homes sold with that historic tax credit to make a total of 27 homes for an average sale price of $293,333.
We currently have a healthy 6.84 months worth of inventory on the market compared to 8.09 months last year. The 6 month market is the perfect balance between buyers and sellers so it is great to see that the Brighton, MA Real Estate market continues to head in the right direction!
If you are thinking about buying or selling a home in Brighton, then give Jeffrey Chubb of RE/MAX Select a call at 617-480-2600 or visit him on the web at www.MoveWithChubb.com. His expertise is second to none as he is one of the top agents in the state and sells on average a home a week. You won’t be disappointed!
Wondering what your home is worth, then get a Certified Market Analysis dropped into your INBOX today by visiting www.MAPropertyValue.com.