September Real Estate Statistics for Quincy, MA

Both prices and number of sales have been trending up since May. First Time Buyers trying to capitalize on the $8,000 tax credit are now having a hrad time finding a home to buy. Newer listings are getting multiple offers on them again, and listings in the First Time Buyer price range are getting scarce. Statistics are based on figures contained from MLSPIN.

The Numbers for September 2009.


Single Family:

Number of Sales: 46 Average Listing Price: $391,192
Average Sales Price: $367,096 Average Days on the Market: 108

There are currently 172 active Single Family properties on the market in Quincy, meaning a 3.74 month supply based on current sales. There are 54 Single Family properties under agreement.


Condos:

Number of Sales: 23 Average Listing Price: $298,930
Average Sales Price: $286,578 Average Price per square foot: $255
Average Days on the Market: 96

There are currently 188 Condos on the market in Quincy, which equals a 8.17 month supply based on current sales. There are also 42 Condos currently under agreement.
Condos are still plentiful in Quincy with over an eight month supply compared to Single Family Homes with a 3.74 month supply. First Time Buyers have been more interested in Single Family Homes.


Multi-Family:

Number of Sales: 12 Average Listing Price: $400,841
Average Sales Price: $378,333 Average Days on the Market: 114

Currently there are 56 active Multi Family Listings on the market and 17 under agreement. There is a 4.67 Month Supply of Multi's on the market in Quincy. Multi Family prices have remained pretty even from August to September, where Single Family and Condo prices have gone up.

What happens now I think has a lot to do with the $8,000 Tax Credit for First Time Buyers. It is currently scheduled to end on November 30th. If that happens, the market could slow. There is however talk that the Government may be going to extend the deadline, which should keep the market going strong and will probably lead to increaed home prices.

For Full 2009 Quincy, MA Real Estate Statistics, Visit www.SouthShoreDreamHomes.com