Bedford's single family home sales market is having a strong summer, but may be running out of homes to sell. With August sales numbers in, the summer has been strong, volume is slightly low, but prices have been rising since the May low. The graph below shows a line for the median price and bars for the numbers of homes sold.
In the Single Family market, there were only 30 properties listed September 1. This represents a 32% decrease in inventory from the same time last year. August sales volume continued the summer surge with 14 home sales. Along with the increased volume the sales prices increased slightly. The average time on market dropped to only 57 days. The summer's spike in volume has reduced the supply of property to only 2 months, keeping the Bedford market in favor of those selling property. At this time the market is supply limited and needs new inventory to maintain volume levels. Counter to the national trends the market is in need of sellers.
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