Because all Real Estate is LOCAL ...
Let's look at the second quarter of 2008 as it relates to The Metrowest Market and Medway in particular.
As of July 30th , there are 83 single family homes on the market in Medway compared to 72 at the end of first quarter, so the inventory of single family homes is up from March 31 The homes range from $169k to $1.4 million. The average days on market for these homes is 177 days down from the 210 days on average in March
. In this second quarter of 2008 (through June 30th ) 42 homes have sold which is up from the 29 that sold in first quarter. The average market time dropped a few days down to 163 days from 167 in the first quarter with 7 homes selling in less than 30 days! . As I’ve noted before if a house is priced competitively, it will sell in a reasonable amount of time.
For more detail on the Medway Market or for detail on condos and multis in Medway, feel free to email me at
