Market Trends in Medway,MA - Misleading?

We are all busy but we all crave information and data is everywhere. I was out with a set of clients (Yes I say "set" because it was actually 3 groups of clients - all friends considering moving to a new development together) when the subject of a recently foreclosed home came up. Information was flowing quickly about when it sold and how much it sold for. I did not offer any information because I wasn't exactly sure. But before we left I heard numbers ranging from 350's to 400's. That was an easy misconception to clear up. When I got back to my office I simply pulled up the listing and sent it to everyone. The home close in the low 400's. As I said, data is everywhere. Sometimes we get "data" from friends, sometimes we get it on the net. Here's an interesting graph taken from Trulia today documenting at what price point homes are listed in Medway, Ma. What would your initial reaction be seeing this graph? In actuality it's only tracking the mix of listings that happen to be on the market at a particular point in time. I have a home for sale in Medway at $189,900 and I know a home recently went under agreement at $1.2Mil. So we'd all agree listing prices vary considerably. Tracking this information and portraying it in this format MAY cause buyers and sellers alike to determine that the future (based on the recent past) is dire. Not true. Take a look at the MLS stats I've posted on recent blogs. We are NOT in a downward spiral as this graph seems to portray. So be careful where you get your data and be sure you understood what's being portrayed. If you want specific data on the Medway Market just go to my site or just give me a call. I'd be glad to discuss with you what's really happening in Medway!