March 18th, 2023 3:05 PM by Christopher Terry
February’s median sales price for a multi-family Home in Fall River Ma jumped 17.25% from the previous February.
In February there were 36 multi families sold and closed with a median sales price of $521,771.
That’s up 17.25% compared to the previous February when there were 53 units sold and closed with a median sales price of $445,000.
Months of supply jumped 60% to 1.06 months. Still well below a balanced market.
It’s interesting to note that multifamily homes that are active on the market have a median days on market of 97 days. While for multifamily homes that are currently under agreement the days on market is just 16 days.
This indicates that as long as you are price appropriately there are eager buyers actively looking.
Of course, all real estate is local, so let me know if you want 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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