Great Time to Buy in Sudbury MA - November Sales drop 74%!

Sudbury MA market conditions: It's a great time to buy in Sudbury! There are 94 single-family homes for sale and both median and average sale prices have dropped during 2008. There were only 6 closed sales during November compared with 23 in November 2007, and 12 during October for both years. The median sale price was $547,500 -down 18.5% from Nov. 2007; the average sale price was $617,917 - a 17.5% drop from the previous year. Average time on the market is up to 201 days from 189. Year-to-date sales decreased 23% from 2007. Both median and average sale prices dropped by approximately 10%.

Overall, the number of homes for sale is the same as last year at this time. However, inventory levels vary by price-range: the ranges with the largest increases are: $700k to $799,900 - 13 for sale compared to 5 last year; $1,000,000 to $1,499,999 - 19 compared with only 8 last year; and over 2 million - there are 12 compared with 4 last year. The price-ranges with the largest decrease MORE

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