Acton Housing Update - Solds and Pendings Increase; Prices and Inventory Fall

Check out the latest real estate market report for Acton from local Realtor and Certified Residential Specialist Marilyn Messenger.

Current Market Conditions (10/29): There are 77 family homes for sale in Acton; last year at this time there were 85. List prices range from $199,900 to $1,395,000. The median list price is $575,000. Last year at this time the median list price was $589,000. See homes for sale in Acton.

Smart sellers recognized that it makes sense to list their homes when inventory levels are low; 22 new listings came on the market in September 2012 compared with 14 in September 2011. There are lots of serious buyers at this time of year just waiting for new listings to come on the market. They will act quickly on properties that are priced correctly.

Pending Sales: 23 single family homes in Acton went pending in September up from 13 in September 2011.

Closed Sales September 2012: The number of closed sales was higher this September than in September 2011 – 16 up from 13; however, the median sale price, $512,450 was 14.4% less.

Y-T-D through September 30, 2012: Closed sales were up by 38.3% in Acton for the first nine months of 2012; there were 166 sold compared with 120 for the same period in 2011. The 2012 median sale price was $504,358, 8%% lower than last year for the same period.

Condominiums: Prices for condos in Acton range from $75,000 for a garden apartment style, to $715,000 for a detached townhouse. Prices for new construction attached townhomes in Acton start at $339,900 and $545,800. See current listings for condominiums in Acton.
There were 8 condominiums including garden-style, attached and detached townhouses, sold in September; last September there were 7 closed sales. Sales for the first nine months of 2012 were up by 9%; the median price was $223,000 was 6.1% lower than last year.
New Construction: Acton has a good selection of new homes being built, including single-family homes and townhouses. Note to buyers: when buying a new home or condominium you are allowed to have your own buyer agent/broker to work on your behalf.  However, your agent must accompany you to your first visit to the site. If you go alone (even if you’re just looking) you’ll be on your own working with the builder’s representative who must work in the builder’s best interest. A buyer agent will work on your behalf and help save you time, money, and stress.
Ask a question.
September 2012 market report from the Greater Boston Association of Realtors

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »