Here is a snapshot of real estate market for single family homes in North Reading, MA (Source: MLSPIN)
This table shows that North Reading real estate is balanced in terms of sale price and median price - with seasonal adjustment.
The ratio of sale price to list price is identical 2010 was 97%..
Overall, it shows about 10 months of inventory, thus favoring buyers and home is likely to be on market for longer unless it is priced right. … (2 comments)
Median Sales Price: $425,000 ( $369,500 for September 2010) Total Sales Volume: ~$4.8M ($2.8M for September 2010) Total Homes Sold: 9 (6 for September 2010) Average Sales Price: $534,722 ($476,500 for September 2010) Days on Market: 99 (Same for September 2010) So, North Reading fared better in October 2010 as compared to September … (9 comments)
north reading real estate: North Reading Real Estate Market Trends
- 10/02/10 08:40 PM
North Reading Real Estate Market Trends The first chart shows the changes in inventory and median prices over last 90 days. It is clear that with a little setback in late August, median prices are climbing again. Though the same cannot be said about the inventory which is going up - almost 20% more than 3 months ago! Here is the chart -
Now, let's take a look at the 'impact' of price and inventory on days on market and absorption of the homes in last 3 months.
Absorption is steady in this market - but boy...days on market … (14 comments)
NORTH READING Real Estate:
;)
;)
;)
