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Towns where buyers have the edge

Posted by Scott Van Voorhis December 14, 2012 10:09 AM

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Are you a buyer looking for bargains in pricey Greater Boston? Well there are a whole bunch of towns where nearly half the homes on the market have reduced their listing price at least once.

Zillow ranked local towns and suburbs using a combo of the percentage of homes on the market that have dropped in price, as well as average days on market.

Hanover on the South Shore ranks at the top town for buyers in the Boston area, according to Zillow, with 48 percent of the homes on the market sporting discounts and an average of 124 days on the market.

The commute up Route 3 is no joy and Hanover's median price is a not inconsiderable $415,000, according to The Warren Group, so it would be a stretch to call it buyers' paradise. Still, if Zillow's stats mean anything, Hanover may have more than its share of sellers ready to talk turkey.

Foxborough is the No. 2 buyers' town, according to Zillow, with 48 percent of homes on the market in town having been reduced in price and average time on the market weighing in at 106 days. The median sale price has fallen yearly 9 percent, year to date, to $315,000.

Kingston ($255,000), and Duxbury ($543,000), come in at No. 3 and 4 on the list of buyers' markets, with more than 46 percent of all homes for sale in each town having been knocked down in price.

Other towns have higher percentages, but are farther down the list because the days on market are not as long. These include Andover ($500,000), No. 5 on the list, even though 50 percent of all homes on the market are discounted, as well as Chelmsford ($305,000), which, while even higher at 51 percent, stands at No. 13.

Happy house hunting!


This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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