Welcome to the Sudbury MA real estate market update.

The news for buyers continues to be better than for sellers in Sudbury. Overall inventory is up from last year at this time - 136 current listings compared with 115 last year; the median list price is the same; the average list price is slightly higher; and the average number of days on the market is just about the same. However the $900K to $999,900 has fewer homes available - only 5 compared with 11 last year at this time. Recent activity shows there are 16 single-family homes with accepted offers and 16 with sales pending.

Current prices for single-family houses in Sudbury range from $259,900 to $3,700,000. The median list price is $879,400; the list average price is $1,117,545. Opportunities abound in the luxury home market with 44 homes for sale between one million and two million dollars. The number of closed sales for July was down from July 2008 as were median and average sale prices; 20 sold vs. 32 in June 2008; the June 2009 median sale price was $481,750 vs. $640,750; the average was also down - $620,643 from $755,727.  The average time on the market was 147 days - just about the same as July 2008.

Given the increase in the number of homes on the market and the decrease in the number of homes sold, sellers need to rethink their pricing strategies if they want to move on. If not, perhaps they should MORE

Get the latest market condition reports for Sudbury, Wayland, Weston, Maynard and Stow at www.marilynmessenger.com - complete MLS home searches with addresses & maps; news and information to help you plan your next move.