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Southborough Single family market snapshot 2007 vs 2008

Southboro Market statistics

2007 vs 2008

Single family

activity

Sold

volume

Avg sold

price

Median sold price

Days on mkt

2008

66

594,000

492,000

141

2007

88

591,000

527,000

158

Trend

Dn 25%

flat

Dn 7%

Dn 11%

While the number of homes sold was down dramatically, the average sales price held steady. The median price was down by 7% showing a slight leaning to the lower price ranges. The average days on market has improved by 13 days, which tells me sellers are more realistic about the original asking price and therefore the homes are selling faster.

Posted Tuesday Jan 20