Here is what is happening in Real Estate Market of WOBURN, MA for the month of DECEMBER 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.

	DECEMBER 2010	DECEMBER 2011	Trends
Number of Homes Sold	13	14
Median Sale Price	$330,000	$316,825
Averge Sale Price	$353,036	$356,518
Days on Market	90	110
Sale Price to List Price Ratio	96	98
Total Volume	$4,569,470	$4,991,250

The number of sales are almost same - overall it's a lot better picture than last month which was all red. And this month, all blue arrows. Yes, it means the days on market is up, too - but as long as median and average prices are up, I am sure sellers can wait for extra 20 days to get that extra dough.

The days on market for a home has gone up is the only concern here. But that should be fine and will be corrected soon.

Overall, compared to last DECEMBER, it's a surely a good market - and this may continue because of the light winter so far.

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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