Here is the market snapshot of sales of single family homes and condos for the month of October 2010 for Burlington, MA. (Data Source: MLSPIN). (Just an FYI - this data includes a sold condo sale at $146,000 which was on market for only 23 days.)
Here is the combined report:
Average Price: $418,714 ($485,400 for September 2010)
Total Number of Sales: 14 (12 in September 2010)
Total Sales Volume: ~$5.9M (~$5.8M in September 2010)
Median Price: $414,000 ($472,500 in September 2010)
Days on market: 118 (56 - lower due to some quick sales)
Based on these numbers, we can say, the things are NOT GETTING BETTER for Burlington, MA real estate market.