Braintree, MA Real Estate Market Update 11/20/2019
Welcome to today's market update! Today we are looking at the Real Estate market in Braintree as of November 20, 2019. The number of active listings right now in Braintree are up 11 from from this same time last year and sit at 61 total Real Estate listings.The average days on market for the current inventory in Braintree is 62, down 5 days from this time last year. The average list price currently sits at $521,035, which represents a decrease of $30,005 from this time last year.
Over the past 30 Days there have been 34 total recorded Real Estate sales in Braintree. During the same period last year there were 41 similar sales. That's a a decrease of 7 from in a year. The average sale price for these transactions was $473,449 that is a decrease of $14,290 from last year and was, on average, 99.8% of list price. The average days on market was 45, a decrease of 6 days from last year.
Every blog post here we look at The Signal Index to see if the Braintree Real Estate market is slowing down or picking up. Currently, the Braintree Real Estate market's Signal Index sits at 123. This is down 6 from last year indicating the market is getting better for sellers. What is the Signal Index? It is simply the number of active listings currently available in Braintree (61) plus the average days on market for those listings (62). This number quickly reflects how many properties are for sale and for how long they have been available.