January-June 2008 single family home sales totaled 203. During the first half of 2007 there were 249 sales. This represents a drop in total number of sales of 18% for the same period.

The average days on market were 124, up from 114, representing an increase of 8.5% in time on market.

The median sale price of a single family home sold in the first half of 2008 was $345,000. For the same period 2007 the median was $370,000. This represents a drop in median sales price of almost 7 per cent. The lowest priced single family home sold in this period was for $150,000. The highest priced sale was $1,550,000.

There are presently 240 single family homes listed for sale in the MLS in Framingham, compared with 297 on this day in 2007, a decrease of 19% in inventory. There is a 7 months supply of single family homes listed for sale in Framingham.

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Condominium sales for the first half of 2008 totaled 70. This compares with 63 for the same period of 2007, an increase of 11% in the number of sales.

The median selling price of a Framingham condo in the first half of 2008 was $125,000, compared to $192,000 for the same period '07. This is a decrease of $67,000, a whopping drop of 35% in median selling price over the same time period.

The average time on market in 2008 is 152 days. This is up from 112 days on market over the first half of '07, a 36% increase in total market time from last year. Sale prices ranged from a low of $40,000 to a high of $325000 for January-June 2008.

There are presently 150 condominiums listed for sale in Framingham in the MLS, compared with 260 on this day in 2007, a decrease of over 42% in inventory. There is currently a 13 month supply of condominium inventory in the MLS for Framingham.

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Multi Family Sales totaled 19 for the first half of 2008, compared with 10 for the first half of 2007. This is almost double the number of sales from the same period last year. Multi family sales include 2, 3 and 4 family homes.

The median selling price of a Framingham multi family for Jan.-June 2008 was $269,000, down from $347,125 in 2007. This is a decline of 22.5% from the same period last year.

The average days on market in the first half of 2008 is 117, down from 121 last year, a slight drop. Selling prices ranged from $162,900 to a high of $390,000.

There are currently 50 multifamily homes listed for sale in Framingham, down from 54 this time last year. To put this in a different perspective, on this day in 2003, 5 years ago, there were only 14 multi family homes offered for sale in the MLS for the entire town of Framingham.

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All information is from the MLS Property Information Network

Jon Treon of RE/MAX Executive Realty can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Metrowest Boston since 1993. Visit my website at www.jontreon.com for the latest MLS listings and buyer and seller info.

January-June 2008 single family home sales totaled 152. During the first half of 2007 there were 178 sales. This represents a drop in total number of sales of almost 15% for the same period.

The average days on market were 127, down from 123, virtually unchanged over the same period.

The median sale price of a single family home sold in the first half of 2008 was $1,141,875. For the same period 2007 the median was $947,500. This represents an increase in the median sales price of over 20%. The lowest priced single family home sold in this period was for $340,000. The highest priced sale was $5,295,000.

There are currently 114 single family homes listed for sale in the MLS in Wellesley, compared with 109 on this day in 2007. The average home has been on the market for 122 days, down from 159 on this day in 2007. This is a 23% decrease in average time on market for active listings. Currently the highest priced single family home in Wellesley is listed for $7,000,000, while the lowest priced listing is $339,000.

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All information is from the MLS Property Information Network.

Jon Treon can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Metrowest Boston for the last 15 Years. Visit my website at www.jontreon.com for the latest MLS listings and buyer and seller info.

January-June 2008 single family home sales totaled 46. During the first half of 2007 there were 64 sales. This represents a drop in total number of sales of 28% for the same period.

The average days on market were 127, down from 150, representing a decrease of 15% in total market time over the same period.

The median sale price of a single family home sold in the first half of 2008 was $510,000. For the same period 2007 the median was $600,000. This represents a drop in the median sales price of 15 per cent. The lowest priced single family home sold in this period was for $270,000. The highest priced sale was $1,650,000.

There are currently 105 single family homes listed for sale in the MLS in Wayland, compared with 154 on this day in 2007, a drop of almost 32% in single family homes listed for sale. The average home has been on the market for 173 days, up from 154 on this day in 2007.

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All information is from the MLS Property Information Network.

Jon Treon of RE/MAX Executive Realty can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Metrowest Boston since 1993. Visit my website at www.jontreon.com for the latest MLS listings and buyer and seller info.

January-June 2008 single family home sales totaled 106. During the first half of 2007 there were 154 sales. This represents a drop in total number of sales of 31% for the same period.

The average days on market were 106, down from 116, representing a slight decrease in market time.

The median sale price of a single family home sold in the first half of 2008 was $405,500. For the same period 2007 the median was $438,500. This represents a drop in median sales price of almost 8 per cent. The lowest priced single family home sold in this period was for $135,000. The highest priced sale was $1,220,000.

There are currently 126 single family homes listed for sale in the MLS in Natick, compared with 138 on this day in 2007, a drop of almost 9%.

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Condominium sales for the first half of 2008 totaled 48. This compares with 76 for the same period of 2007, a decrease of 37% in number of sales.

The median selling priceof a Natick condo in the first half of 2008 was $228,000, compared to $231,750 for the same period '07. This is only a slight drop in median selling price over the same period.

The average time on market in 2008 is 111 days. This is down from 154 days on market over the first half of '07, a significant drop of 28% in total market time. Sale prices ranged from a low of $140,000 to a high of $950,000 for January-June 2008.

There are currently 73 condominiums listed for sale in Natick in the MLS, compared with 93 on this day in 2007, a significant decrease of over 20% in inventory.

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All information is from the MLS Property Information Network.

Jon Treon of RE/MAX Executive Realty can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Metrowest Boston since 1993. Visit my website at www.jontreon.com for the latest MLS listings and buyer and seller info.

The total number of single family home sales in Wellesley for the 1st quarter of 2008: 50. The change from thesame period last year (61): -11, a decrease of 18%.

The median sale price was $1,079,750. The change from the same period 2007: -$70,250, a decrease of 18%.

Average Days on Market was 146, slightly less than the same period last year (155). The average List Price to Sales Price ratio also decreased slightly, to 96% from 95%.

There are currently 133 single family homes on the market in Wellesley, down from 157 a year ago. The median asking price is $1,375,000, up from $1,259,000 1 year ago.

All information is from the MLS Property Information Network, Inc.

If you are buying a home, there hasn't been a better time in years. There is more inventory, fewer buyers, and sellers are pricing their homes much more realistically. Interest rates are excellent. Desirable towns like Wellesley have always been a good investment, as well as a wonderful place to raise a family. The first step in the homebuying process is finding an experienced buyer agent to represent you. Now more than ever, experience matters.

Homes that are priced right are selling. If you are selling call or e-mail me to find out more about how to price your home for today's market. The first step in selling a home is to select the right Realtor. I have over 15 years experience assisting sellers and buyers in Wellesley and surrounding Metrowest towns.

Jon Treon can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Metrowest Boston for the last 15 Years. Visit my website at http://www.jontreon.com/ for the latest MLS listings and buyer and seller info.

Total number of single family home sales, 1st quarter '08: 46. Change from same period last year: -16, a decrease of 25%.

The median price was $376,450. The change from the same period '07: -$52,050, a decrease of 12%.

Average Days on Market was 147, almost unchanged from the same period last year (150). The average List Price to Sales Price ratio also increased slightly, to 95% from 96%.

There are currently 103 single family homes on the market in Natick, down from 113 a year ago. The median asking price is $469,900, down from $499,900 1 year ago.

For Condominium sales, the total number of sales decreased significantly, from 34 in the 1st quarter '07 to 13 for the 1st quarter of this year. The median price, however, increased a bit, from $220,475 to $229,9000. Average time on market decreased slightly, from 174 days to 169 days.

There are currently 89 condominiums on the market in Natick, down from 115 a year ago, a 23% decrease in inventory. The median list price is $269,900, down from $344,900 one year ago.

Homes that are priced right are selling. Call or e-mail me to find out more about how to price your home for today's market. The first step in selling a home is to select the right Realtor. I have over 15 years experience assisting sellers and buyers in Natick and surrounding Metrowest towns.

Jon Treon can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Natick, Framingham and Wayland, Massachusetts and other Metrowest Boston towns for the last 15 Years. Visit my website at www.jontreon.com for the latest MLS listings and buyer and seller info.

Do You or Does Someone You Know Have a Home or Property that Needs Some TLC?

Housing for All, a MetroWest affordable housing rehab and advocacy group, is looking for home and property restoration projects for those in need. We are seeking projects that can be completed within a day or two by a team of experienced handyman supervisors and volunteers. Examples of projects include window and door winterizing, retrofitting bathrooms and ramp construction for those with disabilities, building clean-up, wallpaper removal, interior and exterior painting, and outdoor clean-up. Our construction team will evaluate and discuss projects with each property owner before we start so that expectations are clear. All labor and materials costs will be provided by Housing for All.

For more information, please contact Mr. Chris Ross, Executive Director, Housing for All, at 508-872-2978.

There are currenty 89 single family homes listed for sale in the MLS in Natick, Massachusetts. Properties range from a 2 bedroom bungalow style ranch for $169,888 to a 7,000 square foot estate-caliber property on the banks of the Charles River in South Natick listed for $3,195,000. The average list price is $594,276. The median list price is $459,000. The average time on market is 183 days, compared with 169 days on market 1 year ago, when there were 114 single family homes for sale in Natick. The median sales price for single families last year was $437,500, up $2,500 from 2006. Natick is enjoying a relatively healthy sales market compared to some other communities I do business in.The total number of sales was 294, which is the lowest total since 2002.

Jon Treon can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Natick, Framingham and Wayland, Massachusetts and other Metrowest towns for the last 15 Years. Visit my website at http://www.jontreon.com/ for the latest MLS listings and buyer and seller info.

This morning's Boston Globe Business section carried a rather gloomy headline: "Forecasters: No quick end to housing ills." The story, at http://www.boston.com/business/ticker/2008/01/boston_fed_pres_1.html cited remarks made by the president of the Federal Reserve Bank of Boston, Eric Rosengren, in Hartford, Conn. yesterday, the gist of which were that "the current housing slump could be the longest in 50 years, increasing the risk of a broader economic downturn." He indicated that spending by home buyers has been declining since the beginning of 2006 and will continue to fall through June of this year. The article also cited the December report of the chief economist for Moody's www.economy.com that "prices in the Boston area would decline into the first quarter of 2009."

Of course at the tail end of the article, at which point most readers have already move on to something else, the author cites Harvard's Joint Center for Housing Studies, which noted that "a rebound is inevitable," and that a growing population and rising wealth "will help propel residential spending to new heights." Which only reinforces my belief that this is a great time to buy. Will prices continue to drop? They certainly might, but as one wag said, "you'll need a rear view mirror to see the bottom." I'd like a nickle for every time I cursed myself for not buying everything I could lay my hands on in the early 90's, when it was practically impossible to give away real estate. Are we in a similar buying situation? We may very well be. If I were an investor (which I am, actively) a first time homebuyer, or a move-up buyer I'd be out there looking, because I firmly believe this is the best time to purchase real estate in years.

Jon Treon can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Natick, Framingham and Wayland, Massachusetts and other Metrowest towns for the last 15 Years. Visit my website at http://www.jontreon.com/ for the latest MLS listings and buyer and seller info.