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Westboro single family activity 2007 vs 2008

Westboro market statistics 2007 vs 2008

Single family

activity

Sold

volume

Avg sold

price

Median sold price

Days on mkt

2008

130

444,000

374,000

97

2007

164

493,000

435,000

138

Trend

Dn 21%

Dn 10%

Dn 14%

Dn 30%

While the number of homes sold was down dramatically -21%, the average sales price was down 10%. The median sales price was down 14% showing that homes in the lower price ranges are selling more readily in Westboro. The average days on market has improved by 41 days which tells me if sellers are more realistic about market conditions and pricing more accurately from the start the house will sell faster.

Posted Monday Jan 19