Lakeville Housing Market Update
As with almost every area of the state, 2013 has been a great rebounding year for the city of Lakeville’s housing market. Home prices are up which is helping many stuck home owners get out of homes they may have been wanting to sell for years. This has meant more homes on the market, but also more buyers ready to make a move.
Here Is Your July 2013 Lakeville Housing Market Update
New Listings: July saw Lakeville’s new listing rise by over 8% from the same time last year. July 2013 had 128 new listings while July 2012 had 118. Year To Date there have been 970 new listings compared to 773 at the same time in 2012
Closed Sales: Closed sales have risen more dramatically in July 2013. From 84 in July 2012 to 128 in July 2013. Year To Date Lakeville has seen 642 closings in 2013 compared to 509 in 2012.
Median Sales Price: Lakeville’s Median Sales Price has risen from $243,250 in July 2012 to $259,900 in July 2013. Year To Date median sales prices are at $247,600 compared to $223,500 in 2012.
Average Sales Price: The average sales price of homes in Lakeville has risen from $264,207 in July 2012 to $290,530 in July 2013. Year To Date average sales price is at $271,197 in 2013 from $240,879 in 2012.
Percentage Of Listing Price Received: The percentage of listing price received for homes in Lakeville was at 98.1% in July 2013 which is up from 96.3% in July 2012. Year To Date this number is up from 95.3% in 2012 to 97.4% in 2013.
Days On Market: Days on market from July 2012 to July 2013 has stood relatively still. 74 days on market was average for July 2012 while 71 was average for 2013. Over, homes have spent much less time on market in 2013 compared to 2012. 2012 average time on market was 112 days while 2013 average has been 76 days.