Here is what is happening in Real Estate Market of WOBURN, MA for the month of NOVEMBER 2011. Please note that this statistics is for SINGLE FAMILY HOMES only. (SOURCE: MLSPIN)

This table compares the real estate market in WOBURN, MA for the month of NOVEMBER last year and this year.

	NOVEMBER 2010	NOVEMBER 2011	Trends
Number of Homes Sold	15	15
Median Sale Price	$350,000	$305,000
Averge Sale Price	$346,200	$315,867
Days on Market	99	90
Sale Price to List Price Ratio	95	93
Total Volume	$5,193,600	$4,738,000

The number of sales are same - no change at all. Is that a good news? At least considering the media noise, it sounds fair. But is it really a good news? Look at the red arrows. All over. And that's not the good news. Overall, everything is down - median price, average price, total volume and number of days for the home to be on market. Wait a minute - the last one seems a slightly good indicator. May be, sellers are accepting the offer even at low price - so at least there is a sale. That sounds just fine. Hope to see some 'up' arrows next month.

The days on market for a home has gone down is the only consolation here.

Overall, compared to last NOVEMBER, it's a surely not a good market - but this may change soon and catch up before the end of the year.

Let's take a look at this chart that describes the trends for WOBURN, MA market over last year(courtesy: AltosResearch).

After a major drop in inventory before spring along with median price, not surprisingly enough, the median price went up, perhaps resulting into increase in inventory. Around summer time though, the increase in inverntory has to reflect on median price - and that's what you see here - a drop in median price, eventually: Increased inventory and lower median price. Though inventory is increased in last few months, median price drop is not a good sign. I expect the trend to be reveresed next spring - and till then, you may see drop in median price and inventory following the median price. A typical seasonal trend here.

Feel free to reach me should you have any question about this.

See you next month - with another report to on how WOBURN, MA Real Estate market is doing

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