I look at the local numbers every month. The chart below shows combined numbers for Acton, Bedford, Boxborough, Carlisle, Concord, Hudson, Lincoln, Maynard, Stow and Sudbury. The region experienced a year over year decline in home sales for the month of May. On a year-to-year basis, the number of single family homes that went under contract are also down.
How do the numbers compare on a town to town basis? Three towns, Sudbury, Bedford and Maynard saw sales increases over May 2008. The real estate market in Massachusetts is actually subject to fairly dramatic shifts, depending upon the season. Sales are typically strongest in the spring and summer months. In June, we will get a clearer picture of the strength or weakness of the market when we look at quarterly and year to date figures. All real estate is local. Get to know what is happening in your town.
With favorable interest rates, low prices, and the first-time homebuyer tax credit, is something holding you back? For help with interest rates and the tax credit. Watch This Month in Real Estate (June)
Figures reflect data from MLSPIN Multiple Listing Services in Massachusetts as of June 3, 2009.