Natick Massachusetts Real Estate - Market Report 1st Quarter 2008

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.