market update: The Sky Isn't Falling in Arlington, MA - 01/22/09 03:45 AM
Although you can’t read or watch the news without hearing the term “housing crisis”, Arlington Massachusetts is a good example that all real estate is local and you can’t judge by what might be going on in other areas.
Here are the latest statistics from January 2009:

Let’s compare these figures to what was going on in the fall in October 2008:

As you would expect due to the time of year and the amount of snow on the ground, there are less single family homes and condos currently on the market, but except for this normal seasonal change, … (2 comments)

market update: Goldilocks and the Real Estate Market in Somerville MA - 01/19/09 03:20 AM
If Goldilocks were looking to buy or sell a house in Somerville, she would find that one segment of the market is speeding up, one segment is slowing down and one segment is just right and has remained level. Here’s the latest statistics for the Somerville, MA real estate market.

Somerville Market Statistics January 2009:

Let’s compare this to what was going on 2 months ago.

Somerville Market Statistics November 2008:

Not surprising given the time of year and the current cold and snowy weather, there are less properties for sale now than there were in November.
… (4 comments)

market update: Market Update for Medford, MA 02155 - 01/07/09 10:05 PM
Welcome 2009! It will be interesting to see what changes happen in the upcoming year. We're already seeing some changes in the real estate market in Medford, MA and I'm sure I'll surprise some people because there are some positive changes.
Real Estate Statistics As of January 2009
It's been a little over 2 months since I showed the the last market update for Medford and I thought it would be interesting to compare what was going on in the market at the end of October versus now at the very beginning of January.
Real Estate Statistics As of … (0 comments)

market update: Market Update - Stoneham MA 02180 - 12/19/08 04:25 AM
Looking out my window certainly confirms that winter is here in New England and with the snow we normally see a slow down in the market. This is exactly what’s happening in the condo and multi family segments of the real estate market in Stoneham MA.

Although 2 and 3 family homes are only a small percentage of the properties in Stoneham, this segment of the market has the highest change in the amount of time taking properties to sell. Although there are 4 less multi family homes for sale this year versus the same time last year, it … (0 comments)

market update: Real Estate Stats for Winchester, MA - 12/02/08 12:11 AM
Let's take a look at what's been going on in the real estate market in the fair city of Winchester: Winchester's housing inventory is primarily made up of single family homes. As you can see from the chart above, both the single family homes and condos in the city are still selling in an average time frame and the real estate market for these properties is pretty much at equalibrium. Winchester doesn't have many multi family homes (at least those that haven't been converted into condos during the past few years). Unlike most of the surrounding communities where multi family homes … (0 comments)

market update: Market Update - Melrose, MA 02176 - 11/21/08 12:28 AM
The city of Melrose is a wonderful bedroom community with both the Oak Grove MBTA stop and commuter rail options for car-free commuting. It has a lovely center with a Victorian flair.
Here’s the latest on what’s happening in the market. (The sold statistics are for the last 6 months.)

What this information shows us is that the single family market is doing well, however the condo market is continuing to struggle in the city. If we look at the average Days on Market for all sold properties, we see more confirmation:
Single Family Homes - 77 Average Days on … (0 comments)