The spring market is blooming in North Reading
The spring market in North Reading is the time when sellers and buyers come out of hibernation and buy real estate at a feverish pace. When you think of spring, you may think of April showers and May flowers. But in real estate, the spring market is half over.
Actually, the landmark date of the beginning of the spring real estate market was after the memorable New England Patriot’s Super Bowl win. That is the time when most people venture out of their houses, are settled back in after the holidays and are starting to get stir crazy.
And the results for the beginning of the spring market in North Reading in 2017 are thriving! We can start measuring the activity of the spring market by examining transactions that closed in April:
In April 2017 there were ten single family transactions compared to just seven in April of 2016. Days on the market until an offer decreased by 15 days and transactions closed 22 days sooner from start to finish as compared to last year.
The average sale price increased in April 2017 to $640,590.00, which is $115,000 more than 2016. Finally the average square foot price during the month increased to $262, which is a 10% increase than April of last year.
Given this trend the market in North Reading is strong. Perhaps it was the good fortune of the Patriots that motivated buyers to sign offers.
This is the time of the year that buyer brokers are promising their clients that a fresh crop of home listings will be coming on the market. Contact me and my team to list your home. True North Realty creates “ahead of the industry" video marketing tours, unmatched professional photography, gorgeous print collateral, and robust on-line campaigns that capture buyers’ attentions. We are not only your real estate agent team, we are your neighbors; we care about raising the value of the homes in North Reading.
For more information on buying or selling a home in North Reading, contact Marina Tramontozzi
Here's one of North Reading's most impressive single family homes on the market: 27 Olde Coach Road, listed for $969,000