Housing Market Trends for the City of Quincy MA
Categories: Quincy Homes and Real Estate,Quincy MA,Sellers,Quincy Ma Real Estate,General Real Estate,Buyers
Market Trends for Quincy MA from the years 2000-2007
For Single Family Homes.
Statistics are from MLS Property Information Network
2000 Single Family Homes
Number of sales: 412 Low Sales Price: 185,500
Average List Price: 245,811 High Sales Price: 795,000
Average Sales Price: 238,071 Average Days on the Market: 76.87
2001 Single Family Homes
Number of Sales: 356 Low Sales Price: 100,000
Average List Price: 285,389 High Sales Price: 1,000,000
Average Sales Price: 274,839 Average Days on the Market: 48.59
A price increase of over 13% from 2000.
2002 Single Family Homes
Number of Sales: 415 Low Sales Price: 122,500
Average List Price:326,702 High Sales Price: 895,000
Average Sales Price: 315,189 Average Days on the Market: 52.13
An increase of over 13% from 2001.
2003 Single Family Homes
Number of Sales: 442 Low Sales Price: 160,000
Average List Price: 365,408 High Sales Price: 950,000
Average Sales Price: 352,504 Average Days on the Market: 61.66
An increase of over 10% from 2002.
2004 Single Family Homes
Number of Sales: 477 Low Sales Price: 115,000
Average List Price: 390,349 High Sales Price: 995,000
Average Sales Price: 377,794 Average Days on the Market: 58.79
An increase of over 7% from 2003.
2005 Single Family Homes
Number of Sales: 499 Low Sales Price: 110,000
Average List Price: 413,828 High Sales Price: 2,290,000
Average Sales Price: 398,028 Average Days on the Market: 76.80
An increase of over 5% from 2004.
2006 Single Family Homes
Number of Sales: 415 Low Sales Price: 160,000
Average List Price: 397,619 High Sales Price: 1,190,000
Average Sales Price: 380,659 Average Days on the Market: 100.29
A decrease of 5.5% from the peak market in 2005.
2007 Single Family Homes through June 27th.
Number of Sales: 184 Low Sales Price: 167,000
Average List Price: 387,680 High Sales Price: 1,901,828
Average Sales Price: 369,847 Average Days on the Market: 110.53
So far this year there has been a decrease of 3% from 2006. The number of sales at 184 for the first half of the year would put us on pace for 368 sales in Quincy this year, which is inline with previous years. Numbers have increased in the second quarter as compared to the slower first quarter. Both number of sales and sales prices have increased. This third quarter should show which way the market is headed. My opinion is that the worst is over, as long as interest rates do not continue to jump up, and there will be an increase both in number of sales and sales prices. Watch for next quarters results.
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