Wellesley market report, January through June 2008

January-June 2008 single family home sales totaled 152. During the first half of 2007 there were 178 sales. This represents a drop in total number of sales of almost 15% for the same period.

The average days on market were 127, down from 123, virtually unchanged over the same period.

The median sale price of a single family home sold in the first half of 2008 was $1,141,875. For the same period 2007 the median was $947,500. This represents an increase in the median sales price of over 20%. The lowest priced single family home sold in this period was for $340,000. The highest priced sale was $5,295,000.

There are currently 114 single family homes listed for sale in the MLS in Wellesley, compared with 109 on this day in 2007. The average home has been on the market for 122 days, down from 159 on this day in 2007. This is a 23% decrease in average time on market for active listings. Currently the highest priced single family home in Wellesley is listed for $7,000,000, while the lowest priced listing is $339,000.

________________________________________________________________________

All information is from the MLS Property Information Network.

Jon Treon can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Metrowest Boston for the last 15 Years. Visit my website at www.jontreon.com for the latest MLS listings and buyer and seller info.