Holliston Real Estate: A Year in Review, FAQ

The story in Holliston real estate for 2017 is an interesting one.  Compared to last year,

 

How many homes were sold, and were they on the market a long time?

There was an increase in the number of home sold, and the average home spent less time on the market! 

How much did home values like mine appreciate in 2017?

The average Holliston home sold for 10% more this year than 2016.

 

 

Did mortgage rate increases in 2017 affect you? 

Not if you had a fixed rate mortgage!  But, if you are moving, that same $400,000 mortgage that you would have received early in 2017 would have cost you ~$230 more per month if you waited until December. Many forecast project three additional rate hikes may be in store for 2018, so sooner is better! 

 

Where do buyers shop for house options when ready to move? 

A national report states that 90% of home buyers start their search on the internet.   All homes listing on the Multiple Listing Service can be found on most Realtor websites, like www.VestaMA.com, or on the national sites like www.Zillow.com.