The National Association of Realtors recently released their national and regional summary of home sales statistics.
You can read their report above. Essentially what they conclude is that, based on what they are looking at, the market is getting close to a plateau. That, I think, would make everyone happy.
It is great to speak in generalization- in other words, about the whole country- but it means more to the local buyer or seller to read about local information. How can you make the most important decision of your life without the best information guiding you?
Here are local stats for you based on data that we took from our MLS (deemed reliable but not guaranteed, according to them).
As you can see, home prices in most areas are at or below where they were in 2003. Number of units sold is far below the peak reached in the mid-decade, but in most cases better than the year just prior.
Here’s a closer look at the past two years:
These little snapshots tell you exactly what has been happening in your town for the past two years- much more helpful in making general decisions about home buying or selling. If you have any questions about this information, or want to see the same thing (and more) for your specific neighborhood or the type of home you have, please call Gerry at 978-537-6401 x24. Or click the button for more specific information. We never sell or give away your email.
Do you have a real estate question, need some local information, or have an idea for a post for? Contact me - I would be happy to hear from you!
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