How are things in our local housing market? As you know, real estate is local, and we are generally in better shape than many other parts of the country when it comes to home values, foreclosures, and excess inventory. Yes, house prices are down, but so is inventory. Lower prices, low interest rates, and the stimulus package make buying a home attractive, and the low inventory in our area (including foreclosures) keeps prices from plummeting.
Here's a snapshot of single family listings in 3 local towns as of this past week.
|# Houses actively for sale on 3/11/09
|#Houses with Accepted Offers or UAG
|# Houses sold in the last 3 months
It isn't the best time to sell, but houses ARE selling, especially if they are priced right and show well!
Deb Nicholls, ABR, e-PRO, LMC
Keller Williams Boston Northwest 200 Baker Ave Ste 205 Concord, MA 01742
2009 Member of the Year, Women's Council of Realtors, Central Middlesex