As of October 22, 2014, the real estate market in Sharon MA continues to be a seller's market. The price ranges that show the most significant rates of sale are those between $300,000 to $349,999; $450,000 to $499,999 followed by homes that sell between $500,000 and $599,999.
If market conditions did not change, and no new listings came on the market it would only take 2.4 months for the current inventory of homes across all price ranges to sell at the current pace in Sharon MA. That is referred to as the "absorption rate".
While the rate at which homes are selling is strong, the average sales price in most price ranges has decreased since the Sharon MA market peaked between April to July.
As a seller, it's important to understand these numbers. For example, in the $700,000 to $799,999 price range in Sharon MA there are 9 homes on the market currently. If you're selling your home in this price range, you need to know that one home in this price range is selling every 12 1/2 days. At the current rate, it will take 3.75 months to sell the current inventory if the market doesn't change and no new listings come on the market in this price range. With average sales prices declining, you want a REALTOR® who understands how to strategically present your house so it sells sooner rather than later. This includes pricing, staging and marketing.
It becomes even more significant for sellers whose homes are priced over $1,000,000 where it is not a sellers' market in Sharon MA. These homes are selling at a rate of 1 home every 87 1/2 days, with a current absorption rate for the inventory in this price range of 11.6 months. Will your home sell in the first 87 1/2 days it's on the market or will it linger for 11.6 months?
List your home with someone who understands the local market and knows how to position your house to sell. Call Nina Rogoff, 781-883-3764 with RE/MAX Executive Realty for a market analysis of your home. Professional, Knowledgeable, Reliable.