Worcester MA investor real estate report: June 2008

Worcester MA investor real estate report: June 2008
Multi family homes
Average sale price in Worcester, June 2008: $160,916
Average days on the market June 2008: 167 days
Number of properties sold June 2008: 29
Number of properties under agreement June 2008: 45

Statistics from June 2007:
Average sale price in Worcester, June 2007: $232,437
Average days on the market June 2007: 112 days
Number of properties sold June 2007: 19
Number of properties under agreement June 2007: 0

The activity in the Worcester real estate investor market is picking up with 45 properties going under agreement to sell in June 2008. The average sale price has diminished since 2007. However the many bank owned properties and short sales can account for some of that decrease. All in all, it's remaining an active investor's market in Worcester.

This is for multi family data only; it does not include single family houses, land or rentals.

Real Estate in Central Massachusetts

Worcester Property Management LLC is a full service realty firm who specializes in buying and selling real estate in Worcester County and central Massachusetts. Worcester Property Management LLC also offers condo association management and apartment rentals. Visit www.worcestermanagement.com for more information.