Well, the single family sales for Metrowest towns in August are telling 2 storys! First of all and probably most important is - people are still buying homes and in fact sales volume is up over 2006 in the majority of towns. The second side is - the median sales price is down in the majority of towns. What's it all mean? Thats the million dollar question. It tells me that despite the doom and gloom in the media there is still a good demand for homes. As far as prices go, Its still a function of supply and demand. There are just more sellers than buyers which continues to put downward pressure on prices. I am still seeing pristine homes that are priced well sell in a few days. Houses that need work and are not priced accordingly are sitting on the market.

What a fabulous time to buy a home if you are just getting in to the market or if you are trading up!