Canton Market Review/Homes For Sale

Area Market Review/Featured Listings

 

Canton, MA Market Review

Single Family Homes

As of: Dec. 31, 2018

 Report Date 1/17/2019

Type of Market: SELLERS’ 

As of the report date there are 35 homes listed in Canton, 0 foreclosures and 0 short sales. Median list price is $825,000. Home sales for December 2018 were up 9.9% compared with the previous month, and up 2.9% compared with a year ago. The median sale price was $565,000. Two critical factors in determining market type is Absorption Rate* and Month’s Supply of Inventory**. Over the past 3-years, the absorption rate has shown a steady downward trend while the months’ supply of inventory shows a slight upward tick. Both trends signal a market shift but still clearly indicate a sellers’ market.

Listing Inventory on Dec. 31, 2018

Active Listings:                                                   37      

Average Days on Market:                                99

Median Days on Market:                                 98

Average List Price:                                             $921,921

Median List Price:                                              $825,000

Average List $/Sq. Ft.                                        $291

Median List $/Sq. Ft.                                         $294

Approx. Absorption Rate:                                47.52%

Approx. Months’ Supply of Inventory:         2.10

 

Sold (Year to Date)

Closed Units  (Sold):                 211      up 6 YTD 2017      

Listing Units Pending:              222     up 21 YTD 2017

Average Days on Market:         47

Median Days on Market:          27

Average Days to Offer:              33      

Median Days to Offer:               15

Average Sale Price:                    $595,825

Median Sales Price:                   $569,000

Average List $/Sq. Ft.               $281

Median List $/Sq. Ft.                $281

*Absorption Rate - Absorption rate is the rate at which homes sell in a given area during a given time period. Absorption rate is calculated by dividing the number of sales in a given month by the number of available homes for sale. It is the inverse of months of supply. For example, if there are 100 condos listed for sale in a certain area, and 10 condos sold over the last month, the absorption rate is 10/100=10%. See our video on Absorption Rate.

**Months Supply of Inventory - Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. For example, if there are 50 homes on the market and 10 homes selling each month, there is a 5 month supply of homes for sale.

Nearby Listings

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Updated: 22nd May, 2019 10:30 AM.