Shrewsbury Real Estate News and Commentary: May 25, 2011

In the first quarter of 2011, 34 single family homes listed for sale in Shrewsbury, MA were SOLD for a Total Market Volume of almost $13 Million Dollars. At first glance, that sounds good but step back in time to the first quarter of 2010 when 53 single family homes listed for sale in Shrewsbury, MA were SOLD for a Total Market Volume of almost $22 Million Dollars.  

You would not be alone in thinking UH OH! when you look at these numbers but lets not be hasty... what happened back in 2009 you ask?  and that would be a very good question.  In the first quarter of 2009, 24 single family homes listed for sale in Shrewsbury, MA were SOLD for a Total Market Volume of almost $7.5 Million Dollars.  The Median Price was almost $150,000 LESS than the Median Price for the same quarter in 2010 and 2011.

Check out this chart that shows the tremendous fluctuations in Total Market Volume for Single Family Home SALES in Shrewsbury, MA over the past 5+ years. Do you see a pattern?

The local real estate market for Shrewsbury, MA was impacted by the economic crisis that hit real estate markets across the country however, each LOCAL community was impacted to different degrees.  This is one reason why it is vital that the Realtor® pay close attention to the communities in which they work. National news impacts the impressions that the general public has and we, the local Real Estate Experts, must know exactly how our community is performing and not let the national averages color our thinking.

More facts & figures for the geeks among us!