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What's going on in the real estate market . . . really?

By
Real Estate Agent with Remax Landmark

Whether I'm at the gym, a social event, having coffee with a friend or meeting with a client, I am always asked, "What's going on in the real estate market . . . really?" Since I live and work in Milton I can say that the market is alive and kicking. More homes have been sold in the 3rd quarter compared to last year, homes are on the market fewer days and the median price is higher. Still, people want hard numbers. That being said, I've provided the link below for my clients to view stats on Milton and other cities and towns on their own.

"According to the GBAR "The Real Estate Rewind, an online quarterly report summarizing residential real estate market activity in the 54 cities and towns that comprise the GBAR jurisdictional area. This report contains detailed data from the detached single-family home and condominium markets, including units sold, median price, average days on market, pending sales, and inventory levels, both for the most recent quarter (first quarter 2008) and the same three-month period one year ago. Enjoy!"

http://www.gbreb.com/gbar/2008/Rewind1008.htm

Comments(3)

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Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

Bethany, Yes, it is good to give them numbers.  The more they can see it in front of them, the better they will understand this market.

It's a Good Life!

Fran

Nov 11, 2008 10:55 AM
Vicente A. Martinez
Prudential Douglas Elliman Licensed Real Estate Salesperson - Woodhaven, NY
Realtor, Brooklyn - Long Island - Queens Homes

Hi and welcome to active|rain. There are thousands of tips, tools, and tricks of the trade here. Be sure to check them out. Best of luck and see you around.

Nov 11, 2008 04:15 PM
J Perrin Cornell
Coldwell Banker Cascade Real Estate - Wenatchee, WA
Broker, ABR, VAMRES

Numbers and stats add credibility...

Nov 15, 2008 08:06 AM