Needham Market Report

There are some dynamic changes in the number of sales in a lot of the communities here.  Most dramatic being Dover with 160%.  I look at these and I am encouraged.  The luxury markets are still strong.  Median prices have basically moved down except for Dover and Dedham.   These are very interesting stats I think. 

Sales Review by Town

                                    Number of Sales                                      
                            %Chg      2006    2007              %Chg        Median Price % chg. 0607
                8/06   8/07      6/07       YTD     YTD         6/07   ___________________________

Needham     40     72        80%       355     432         22%           1%

Wellesley     36     49        36%       319     343          8%           -12%

Dover            5     13       160%        58      70          21%             6%

Weston        20     30        50%       118     126         83%           -23% $1,535,000 to $1,500,000)                                                                         
Newton        146    153       5%         826    893          8%             -9%

Holliston        27     29        7%         148   189          28%           -16%

Westwood      18     20       11%         149   151           1%             35%

Natick            62     66        6%          431   421         -2%              -1%

Dedham        43      43        0%          311   374        -12%               7%

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 by The Warren Goup

Foreclosure deeds  have been excluded from these statistics.