We are now through the half way point of 2021. June is typically the ending month of the annual Spring Market and June was no different this year. Throughout the month, the market saw some softening in specific areas, while others remained strong. Rural Residential Sales seem to have remained strong while Urban Residential Sales have balanced off and are not getting the same number showings or offers.
Half way into 2021, Acton’s real estate market still showed a strong increase of 23 percent over the same timeframe in 2020 with a 34 percent increase in the number of sales with 110 sales – year to date.
With the number of sales down 50% from May to June, here are Acton specific statistics to consider for the period of June, 1 – June 30, 2021;
11 homes sold firm at an average of 108% of asking price.
It took an average of 11 days on the market to sell firm.
Average sale price in Acton - $803,504
Lowest sale price - $580,000
Highest sale price - $957,500
Contrasting with June 2020;
21 homes sold firm at an average of 99% of asking price
It took an average of 22 days on the market to sell firm
Average sale price in Acton - $758,310
Lowest sale price - $520,000
Highest sale price - $998,000
As the market goes into it’s Summer Months, historically speaking it will soften. This will make things slightly easier for buyers trying to compete for homes where as it will make things a slightly more difficult for sellers. Of the 11 homes that sold in June, only 7 of them went for more than asking. This trend is forcing sellers and selling agents to price homes using a different tactic than earlier in 2021.
As we navigate the Summer Months and head into Fall of 2021, I hope and expect to see some more normalcy and balance in the real estate market.
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