Home Selling in Randolph>Question Details

Susan, Home Seller in

What is the current market trend in house sales in Randolph? What is the averge house selling for?

Asked by Susan, Sun Mar 30, 2008

3 bedrooms, 2 full bathrooms, family room addition.

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2
Look at absorption rates.

For instance, right now Randolph has 8 months worth of single family listings on the market (i.e it is going to take 8 months for those places to sell). Compare this to a market we all know is hot right now despite the general iffy market - the South End in Boston - which has only 4 months of condo inventory on the market. Now look at Dorchester, a market that is tanking right now, they have 11 months of single family inventory on the market and 13 months of condo inventory. The conclusion you draw by doing this is essentially supply and demand. These numbers tell us Randolph is doing ok, but not great. The best way to determine where you should put your money right now is to take the 4 neighborhoods you are considering and see what their comparative absorption rates are and then go from there. See where the demand is.

If you need me to walk you through it I can no problem.
Good luck!
0 votes Thank Flag Link Mon Mar 31, 2008
Susan--There are many homes going under agreement and selling in Randolph, MA. There are currently 146 homes still available and they are taking about 5 months to sell according to the Multiple Listing Service. The average sales price is $270,000 which is rather affordable for a location that offers an easy commute to Boston. Please feel free to contact me if you have more questions about the real estate market.
Kathy Stankard
http://www.franklinmahomes.com
0 votes Thank Flag Link Mon Mar 31, 2008
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