Here is what is happening in Real Estate Market of BURLINGTON, MA for the month of DECEMBER 2011. Please note that this statistics is for SINGLE FAMILY HOMES only. (SOURCE: MLSPIN)

This table compares the real estate market in BURLINGTON, MA for the month of DECEMBER last year and this year.

	DECEMBER 2010	DECEMBER 2011	Trends
Number of Homes Sold	14	10
Median Sale Price	$375,250	$349,125
Averge Sale Price	$372,671	$363,605
Days on Market	121	82
Sale Price to List Price Ratio	95	96
Total Volume	$5,217,400	$3,636,050

The number of sales are down - almost 40%. Median price is down 7% or so and so is the average price by 3%. Number of days for a home to be on market is down - the positive thing despite red arrow and another positive is sale price to list price ratio - up just a notch. Overall, all the great numbers of last month are now back to lower than normal.

Overall, compared to last DECEMBER, it's a really average month. A lot of improvement on number of sales is needed for first quarter of 2012 - and perhaps we can achieve this, considering a mild winter. Let's hope things turn around for better in 2012.

Let's take a look at this chart that describes the trends for BURLINGTON, MA market over last year(courtesy: AltosResearch).

After a major drop in inventory before spring, surprisingly enough, the median price remained almost stable - and in fact, with reduced inventory, the median price went up slightly only - or perhaps too much for buyers to accept it! So, less sales, more inventory once again in summer - and the effect is shown in lower median prices - going down further till last month! Now, you see the median price taking off once again. Great numbers this month means lower inventory and that means, higher median price. Will this trend continue? Not sure - only time will tell.

Feel free to reach me should you have any question about this.

See you next month - with another report to on how BURLINGTON, MA Real Estate market is doing

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