Real estate has been on a roller coaster ride for over five years now.  The Sterling Real Estate Market Statistics Chart   demonstrates that the highest number of homes sold in recent years was 2004 when we sold 95 homes.  In 2009 we sold just 49 homes. 

Interestingly enough, the median selling price continued to rise for two more years when the highest median price in Sterling was $400,000 in 2006.  The lack of inventory was part of the cause, but many people failed to see warning signs of the overheated market.  The median sale price for 2009 was $291,000, and the lost value in homes has hit many people very hard.  Even Sterling has had its share of short sales and foreclosures.

Our Annual Sales Trends Report, which we send to our clients on a quarterly basis, helps folks keep abreast of the fast changing real estate market.  This report shows the listing and selling activity of many of the local communities. 

Our Local Market Conditions Report is a monthly update on the current real estate trends in Sterling.  Just a couple of weeks ago, there were only 50 homes for sale in Sterling with 17 homes sold in the previous 6 months.  Today there are 77 homes on the market, which may be indicative of the spring market.  There are 3 homes under agreement and 24 homes sold in the last 6 months.  Each time a home sells gives Realtors a different perspective on the changing market.  It is one of the reasons we track these trends so closely, and many people appreciate having a better idea what their home is worth. 

Bookmark our blog, Massachusetts Real Estate Trends  and check for frequent updates.