In March, HomeGain, one of the first companies to provide free instant home valuations online, released the national and regional results of our 2010 1st quarter home prices survey of more than 1,400 HomeGain members. The survey asked real estate agents and brokers their opinions on home values and what they thought of President Obama’s performance. On this blog we published the full survey results, including agent and broker commentary and charts. Earlier, we published the results of the first quarter 2010 Texas home prices survey, Florida home prices survey , California home prices survey, New York home prices survey , New Jersey home prices survey , Illinois home prices survey, Georgia home prices survey, Pennsylvania home prices survey , Arizona home prices survey and North Carolina home prices survey results.
Today we are releasing the Massachusetts home prices survey data.
In the first quarter of 2010, Massachusetts homeowners continued to temper their enthusiasm regarding their homes’ values. In the third quarter survey, 47% of Bay State home owners though that their homes should be priced 10-20% higher than their Realtors’ recommended listing price. In the fourth quarter 35% thought their homes should be priced 10-20% higher than their Realtors’ recommended listing price. In the second quarter Massachusetts home prices survey 31% of Massachusetts home owners believed the same. In the current survey 38% of homeowners thought that their homes should be priced 10-20% higher than their Realtors’ recommended listing price (See question 2)
In the first quarter of 2010, 21% of home buyers thought that home prices were fairly valued in Massachusetts vs. 25% in the fourth quarter of 2009; 6% in the third quarter of 2009 and 31% who thought so in the second quarter of 2010. Sixty-one percent of Massachusetts home buyers still think that homes are overpriced in their state down from up from 55% in the fourth quarter of 2009 and down from 65% in the third quarter. (see question 3)
Thirty-four percent of Massachusetts agents and brokers believe that home prices will fall in the next six months, down from 40% in the fourth quarter and up from 24% in the third quarter. (See question 6)
Massachusetts agents and brokers gave President Obama higher marks than their colleagues across the country. Fifty-six percent of Massachusetts agents and brokers approve the President’s performance vs. just 42% nationwide. (See question 10)
Set forth below is the 2010 first quarter Massachusetts home prices survey results with the 1st quarter 2010 national data:
- Have home prices increased, decreased or stayed the same in the last year?
- On average, what do homeowners believe that their home is worth?
- How do buyers feel that homes for sale are priced?
- What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
- What is the average difference in price between what a home is listed at and what a home sells for?
- In the next six months, will the values of homes in your market increase, decrease or stay the same?
- What percentage of homes for sale are foreclosures in your area?
- What is the average home price in your area?
- What percentage of your clients are first-time buyers?
- How do you think Barack Obama is performing in his role as President?
Question 1:
Question 2. On average, what do your homeowner clients believe that their home is worth?
Question 3. How do your home buyer clients feel that homes for sale are priced?
Question 4. What is the average difference in price between what sellers believe their home to be worth and the amount at which you eventually list the house?
* Dash denotes no related data
Question 5. What is the average difference in price between what the home is listed at and what the home sells for?
* Dash denotes no related data
Question 6:
Question 7. What percent of homes in your area are foreclosures?
Question 8. What is the average home price in your area?
Question 9:
* Dash denotes no related data
Question 10:
* Dash denotes no related data
See National and Regional Survey Results
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HomeGain.com real estate home values survey results are based on responses of over 1,150 Realtors in the United States. State survey results for Q2 are available for the following states :HomeGain real estate home values survey results are based on responses of over 1,150 Realtors in the United States. State survey results for Q2 are available for the following states: Texas home prices survey, Florida home prices survey, California home prices survey, New York home prices survey, New Jersey home prices survey, Georgia home prices survey, Arizona home prices survey, North Carolina home prices survey, Virginia home prices survey ,Colorado home prices survey , Washington home prices survey
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