The ability to understand leading trends in home sales is based on the statistics of homes actively on the market and the ones sold.  The banks use the trailing three months models because the market has been somewhat sketchy the last year or so with the mortgage backed securities melt down caused by the banks.

Dedham is a wonderful community located to the west of Boston.  Here is what Wikipedia has to say. Dedham /ˈdɛdəm/ is a town in and the county seat of Norfolk County, Massachusetts, United States.^[1] The population was 23,464 at the 2000 census. It is located on Boston‘s southwest border. On the northwest it is bordered by Needham, on the southwest by Westwood and on the southeast by Canton.

Active Listing from the last three months

Active listings………………………………………………….57

Average Listing Price………………………………………..$572,535

Average Days on Market (DOM)…………………………152.09

Sold Listings from the last three months

Sold Listings……………………………………………………..45

Average Listing Price…………………………………………..$368,528

Average Sold Price……………………………………………….$355,420

This means that houses sold for 96.4% of the value the houses were originally listed for.  This is a good number meaning that the houses were priced near right.

The DOM for the sold listings was 137.80.  This is lower than the DOM of the Actives and you have to consider the price as part of that equation.

Should you have any specific questions about the real estate in Dedham give me a call.  I would be happy to provide you with FREE analysis.