This report recaps single-family home sales in Hopkinton, MA for 2010.
Median price is up 5% to $525,000 from $499,950 in 2009. Average market time for sales is down slightly to 107 days from 114 last year. Again, click on the chart for the full-size view.
Next data to consider are inventory levels to see how they’ve trended over time and where they stand now:
For some historical perspective, see the chart below for the evolution of inventory since January 2005:
In sum, despite sales volume for the time period 2008-2010 down on average 30% from the more active years of 2000-2007, inventory levels remain well below their peak and prices seem to have more than stabilized. Tighter lending has not had a dramatically dissuassive effect on the typical Hopkinton buyer. We expect prices to remain steady and demand reasonably strong for 2011.
Fun Stuff:
The most expensive home sold in Hopkinton in 2010 was 8 Sylvan Way which went for $1,500,000:
And the least expensive home was a tear-down at 280 Ash Street which sold for $140,000:
If you’d like more details on any or all aspects of this market report, please contact us at 508-275-9155.
