Real Estate
Grafton Home Sales Down in 2013
Low inventory continues to hamper home sales across the commonwealth, including in Grafton.
“Shrinking inventory" is “depressing sales volume" across the commonwealth, including Grafton, which saw a drop in home sales in March, according to The Warren Group, which publishes Banker & Tradesman.
So far, in 2013, Grafton has seen 31 home sales.
"Low inventory is plaguing housing markets all over the country, and Massachusetts is no exception," said David Harris, editorial director at The Warren Group. "With mortgage rates low and prices competitive, we're hopeful more sellers will emerge and the trend in dropping home sales will reverse."
Find out what's happening in Graftonfor free with the latest updates from Patch.
Grafton March 2012 March 2013 % change March sales 16 13 -18.75% YTD sales 34 31 -8.82% March median sale price $290,000 $265,000 -8.62% YTD median sale price $313,500 $265,000 -15.47%
Worcester County
March sales 437 428 -2.06% YTD sales 1,114 1,084 -2.69% March median sale price $192,000 $211,000 9.9% YTD median sale price $185,000 $205,000 10.81%
Massachusetts March sales 3,215 3,100 -3.58% YTD sales 8,017 7,849 -2.1% March median sale price $263,000 $285,000 8.37% YTD media sale price $255,500 $282,500 10.57%
Worcester County
March sales 437 428 -2.06% YTD sales 1,114 1,084 -2.69% March median sale price $192,000 $211,000 9.9% YTD median sale price $185,000 $205,000 10.81%
Massachusetts March sales 3,215 3,100 -3.58% YTD sales 8,017 7,849 -2.1% March median sale price $263,000 $285,000 8.37% YTD media sale price $255,500 $282,500 10.57%
Source: The Warren Group
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