Second Quarter 2008 Ashland Housing Sales - Update
By John Ellsworth, The Homes Connection of Metrowest, Inc.
In our April 2008 sales report, we indicated that the single family (SF) housing market had bottomed and was turning around not only in Ashland, but in surrounding towns. Second quarter results confirm that conclusion.
|
|
Town |
Single Fam. Houses |
Condos |
|
|||
|
Qtr/Yr |
|
# Sls |
Price |
DOM |
# Sls |
Price |
DOM |
|
2Q08 |
Ashland |
65 |
431.3 |
102 |
55 |
290.5 |
120 |
|
2Q07 |
Ashland |
38 |
457.4 |
143 |
39 |
318.5 |
117 |
|
|
|
|
|
|
|
|
|
Sales of SF family Ashland houses are up 71% over the second quarter of last year, 2007. That means that if this sales level continues thru the remainder of the year, we will be seeing sales levels well above the annual norms for Ashland of120 to 140 units each for houses and condos, perhaps as high as 200 units, equal to this decade's peak sales numbers.
The table shows that while Sales Activity is way up, Prices are not - they're down 5% for Houses, and 6% for condos. But, time on the market is also way down for houses.
While the most important number, Price, is still off somewhat (it could be the result of smaller houses and condos being sold), the good news is that numbers of sales are way up, back to levels that were experienced at the peak of the early 2000's. That means that there is pent up demand, and that people are buying.
That also means if you are thinking about listing, that prices will trend upward as inventory diminishes. And if you are buying, it means that you need to be thinking more, now, about when you should buy. In April, the Globe said the time may be here, today, to both sell and to buy. That is no longer in doubt.
For Ashland, we believe that today is here. Be careful about letting it get away from you.
(C) The Homes Connection, Inc. 2008
Comments(7)