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Seekonk Market Begins Rebound

Are we seeing the end of the burst?

The current Seekonk inventory has gone down to 67 active homes on the market with an average listing price of $345,903. That's a descent drop from our once saturated inventory of 97 active homes.

Seventeen homes are under agreement with an average listing price of $241,594. The average number of days on the market for these homes was 111.

In the past 30 days, 12 homes have sold. The average listing price was $236,538. The average selling price was $227,929 and the average number of days on the market was 244. It should be noted that one of these homes was on the market for 1,340 days and another for only five days.

It is my opinion that the Seekonk market has begun to stabilize. The supply of homes has gone down while the demand has continued to grow.

To find out more information, visit my websites: www.iSellSeekonk.com and www.SeekonkRealEstateNews.com.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Neil K. LeBeau April 29, 2012 at 04:44 PM
The real recovery begins in November with the election of a new POTUS

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