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: 23rd March, 2019 10:50 PM.
