I just took a look at the MLS statistics for 2007 compared to 2006 for single family, condos and multi-family homes sold in Newton, Massachusetts. Here they are:
Total Sold 964 915
Avg. Days on Market 108 110
Avg. Sale Price $804,681 $784,769
Median Price $681,875 $647,500
As you can see from 2006 to 2007, the total number of single family, condos and multi-family homes sold in Newton, MA increased, the average days on market slightly decreased and both the average sales price and median prices increased. Thus Newton seems to be bucking the national trend.
This only goes to show that all real estate is local. There are many hot spots nationally that are bucking the national trend in real estate. Newton, MA seems to be one of them.
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