Just released: the latest video discussing inventory trends and current events for late summer real estate market in Hopkinton, MA. Charts in the video are also included below for your reference.
Some of the raw data:
* 76 single-family homes on the market currently and of those 7 have accepted offers and remain as "active" only to seek back-up offers.
* Average DOM (days on market) is up to 117 from 108 in mid-June.
* The $500,000-$700,000 price range accounted for nearly half (10 out of 21) of the homes that went under agreement during the past month.
Below is the inventory trend chart shown in the video. The dark blue represents the number of homes in each price range this month, the gray bar line is the same number from one month ago, and the red line to the right in each price range indicates the number of homes which have gone under agreement since 8-15-09.
The $500,000-$700,000 price range is seeing the most activity including multi-offer situations.
Below is the chart showing inventory trends since January 2005. You can see that our inventory levels are relatively low.