Q1 Tewksbury, MA Sales Up, Prices Down

Tewksbury, Massachusetts recorded a gain in the number of sales of single-family homes last quarter, as compared to Q1 2008 and Q1 2007. During the first quarter of 2009, 30 homes sold. This represents an increase of 7.14 percent from the 28 sales of Q1 2008, and is 15.38 percent more than the 26 sales during the first quarter of 2007.

The median price of single-family homes in Tewksbury dropped from the first quarter last year, down from $326,000 to $307,450 in Q1 2009, and a decline of 5.69 percent. Last quarter’s median price is 15.76 percent below Q1 2006.

On average, Tewksbury single-family homes spent less days on the market than they have in the previous three years. While averaging 112 days last quarter, single-family homes averaged 134 days, or 16.42 percent more time on the market during the first quarter of 2008.

Tewksbury, MA Real Estate Market Data

Median Price Number of Sales Days on the Market

Q1 2006: $364,950 36 122
Q1 2007: $371,750 26 153
Q1 2008: $326,000 28 134
Q1 2009: $307,450 30 112

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