Click below to view the video (about 8 minutes) discussing inventory trends in this spring market for Hopkinton, MA. Charts in the video are also included below for your reference.
Some of the raw data:
- 74 single-family homes on the market currently and of those 4 have accepted offers and remain as "active" only to seek back-up offers.
- Average DOM (days on market) is down this month to 107 from 135 in mid-March. This is simply reflective of new inventory.
- The price ranges below $500,000 are seeing the most activity.
Below is the inventory trend chart shown in the video. Since my legend does not appear (ahem) the dark blue line on top is the number of homes in each price range this month, the lighter blue line is the same number from one month ago, and the red line on the bottom is the number which have gone under agreement since 3-15-09.