The Trend in Home Prices in Brockton MA 02302 in January 2012 – Improving, or...?
Sales prices of single family homes in Brockton MA 02302 in January 2012 on average have been falling in recent months! Home prices in January 2012 on average are down 40.6% compared to January 2011, and are down 39.5% since July of 2011.
The average listing price of single family homes for sale in Brockton MA 02302 in January 2012 was $123,400, down 25.4% from a month ago. Compare this to the current median sales price of $95,000 - where half of sales are above this amount and half below it.
Below is a chart of the trend of median sales prices of single family homes sold in Brockton MA 02302 over the past 5 years through January 2012:
While the number of single family homes sold per month in January 2012 in Brockton MA 02302 has declined 19.1% from the average over the last 12 months, the average numbers of sales overall is up.
Below is a chart of the trend in the number of monthly settlements of single family homes sold in Brockton MA 02302 over the past 5 years through January 2012:
So what does all this mean? Well, if you're looking for a home in Brockton MA 02302, you may be able to find a bargain. Mortgage rates are at historical lows, and both sales prices of homes and well as the number of homes sold are down.
You can still buy a home in Brockton MA with no money down with a VA Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing loan, you can purchase a home with as little as 3.0% down. When you’re ready to buy a home, find out how much house you can afford to buy in Brockton MA 02302 or in the surrounding area.
For more information about home values and the real estate market in Brockton MA 02302, if you any questions about the home buying or selling process, or when you're ready to buy or sell a home, please contact me.
East Bridgewater, MA 02333
Lew Corcoran, ASP®, IAHSP, IAHSP-CB