Although the number of sales declined slightly for the second straight year, sales data for the Town of Chelmsford indicates values have stabilized over the past 12 months.
|All Single Family Sales||2005||2006||2007||2008||2009|
|Average Sale Price||$397,804||$405,270||$376,931||$358,561||$347,701|
|Median Sales Price||$373,700||$375,500||$357,500||$325,000||$330,000|
|Number of Sales||300||222||251||243||223|
The town continues to be attractive to first time buyers, and demand for Ranch and Split Entry style homes has remained fairly stable over the last 2 years thanks to near historic low interest rates and the First Time Buyer Tax Credit. In 2008 there were 92 sales of Ranch and Split Entry style homes in town (37.8% of all single family sales), and there were 88 in 2009 (39.6% of all single family sales). Values of Ranch and Split Entry style homes have also shown signs of stabilization over the past 12 months.
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