Stoneham MA Real Estate Market Update

The spring market is starting off a bit slow in Stoneham. Here are the latest statistics for the housing market:

Let’s compare these figures to what was happening in December (which reflects the fall market in Stoneham)

What we see is the number of properties has remained pretty level. In a “normal” market we see a lot more properties come on the market in the spring. (Of course we’re definitely not in a normal market now!) The number of properties that have sold has gone down a bit and that has lengthened the amount of months of inventory that is currently for sale. However, keep in mind that properties take on average 2 months to close, so these figures are still reflecting the winter market. In keeping with the rest of the country, the average sales prices in the city have continued to come down.

If you’d like more information on homes for sale in Stoneham just ask!