The Numbers are in for the first nine months of 2009 vs. 2008

How do the MLS single family numbers for the first 9 months of this year compare to the same period last year?

While WELLESLEY has made up some ground from dismal sales earlier this year, sales dollar volume through 9/30/2009 remains down by 32.5% and unit volume is down 20.6% as compared to last year. Inventory levels as of 10/7/2009 in Wellesley have increased a dramatic 48.9% as compared to the same date last year. Wellesley’s median price for this period has fallen 16.8%.

NEEDHAM continues to hold ground for this period with unit volume nearly flat and dollar volume off just 6.4%. Needham’s median price has slipped a modest 4.4%.

NATICK picked up a little momentum for this period with a 6.95% increase in unit volume and a 7% increase in dollar volume. Natick’s median price has remained stable for this period. With the inventory of single family homes in Natick dropping by 22.4% on 10/7/2009 as compared to 10/7/2008 it appears the supply of homes for sale is not keeping up with demand.

Natick Sellers! This means now may be a good time to sell. It is possible that a large inflow of inventory in the Spring could satisfy demand and soften prices?

Percentage change for the First nine months of 2009 vs. 2008

………………….WELLESLEY………..NATICK…………….NEEDHAM

SALES Units…………….- 20.6%…………………. + 6.95%………………….. - 1.4%

$ VOLUME……………….- 32.5%……………..…….+ 7.0%………….………….- 6.4%

Median Price…………….- 16.8%.……………..…… flat …………………………. -4.4%

Units in Inventory.. …. + 48.9% ………… -22.4%…...……………….. +8.9%

JOHN PRESCOTT, Vice President

Century 21 Commonwealth

508-523-9252