July 2012 Market Report

July 2012 was a busy month in the in Canton.

For the period of July 1, 2012 - July 31, 2012 there were 21  sold in Canton.  The lowest priced home sold for $240,000.00 and the highest priced home sold for $1,075,000.00*.  The average sales price was $487,357.00.
That is an increase in sales from July 2011 when 18 there were 18 single family home sales.  Attached is a chart showing single family home sales in Canton during July over the past five years.

The average sale price was up slightly from July 2011 when the average sales price was $448,628.00.  The second chart attached shows that prices are on the way up but not quite back to 2008 levels. (Note that the 2010 prices may have been artificially high due to the first time home buyer credit.)

It has been a busy summer for real estate in Canton and surrounding communities.  There is actually a limited inventory and buyers are moving quickly when they see a home they like in their price range.   

August is drawing to a close so we'll see if the increase in sales continues.

What else would you like to know about the Canton real estate market?

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About the Author: Christine Smith is a Realtor, Buyer's Agent, Attorney, social media fan, parent and Canton resident. She writes about real estate and events in the Canton area on her blog – Canton MA Events and Real Estate.