The South Coast Real Estate Round-Up

The Federal Reserve's rate hikes may not yet have had an impact on the RED-HOT Fall River Multi-Family home market. Where it is having an impact is transaction volume!

Even with mortgage rates more than double the lows of 2021, the lack of inventory continues to support home values.

Year over year median sales price for multifamily homes on Fall River MA is up over 16 percent from May 2022.

Median days on market is up slightly to 22 days. While the list to sales price ratio was down slightly but still at 100%.

The place where the recent interest rate hikes have had an impact is transaction volume.

Listing volume is down over 15%. Units that went pending was down over 33% and units sold was also down over 33%. And possible insight into things to come, pending sales are down almost 40%.

Fewer homes, and fewer buyers that qualify at today's current prices results in fewer transactions. Or course, all real estate is local, so let us know if you would like to know more about what is happening in your neighborhood and if you like these updates, please like and subscribe so you can stay in the know.


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Posted by Christopher Terry on June 10th, 2023 1:19 PM
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$239,900.00
72 Hall St. Fall River, MA
Beds: 9 total Rooms: 15
Full Baths: 3 Sq. Ft.: 3500
Garage: 0 Built: 1900
 
 3 family home with many recent improvements including heating systems, kitchens and baths!

3 Family with 3 Bedroom Apartments!


If you have any questions
about this property or
require more information,
please feel free to call.

Chris Terry
E Z Home Search Real Estate Inc.
5086464777
www.ezhomesearch.net



 
  Visit this listing here
Posted by Christopher Terry on April 22nd, 2017 3:12 PM

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