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.
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