About North Reading's North Reading Town

Here is a snapshot of real estate market for single family homes in North Reading, MA (Source: MLSPIN)

	For Week of 17th April, 2011
Number of Homes On Market	58
Median Price	$587,450
Average List Price	$652,373
Average Days on Market	137
Newly Listed	1
Price Changes	0

Here is a snapshot of real estate market for single family homes in North Reading, MA (Source: MLSPIN)

	For Week of 20th February, 2011
Number of Homes On Market	43
Median Price	$529,500
Average List Price	$635,869
Average Days on Market	173
Newly Listed	1
Price Changes	0

Here is a snapshot of real estate market for single family homes in North Reading MA (Source: AltosResearch)

	For Week of 6th February, 2011
Number of Homes On Market	42
Median Price	$527,200
Average List Price	$620,916
Average Days on Market	173
Newly Listed and Price Change	3

Here is a snapshot of real estate market for single family homes in North Reading, MA (Source: MLSPIN)

Number of Homes Sold	9
Median Price	$313,500
Average Sale Price	$349,722
Days on Market	117
Total Volume	$3,147,500
Average List Price	$363,256
SP:LP	96%

This table shows that North Reading real estate is balanced in terms of sale price and median price - with seasonal adjustment.

The ratio of sale price to list price is identical 2010 was 97%..

Overall, it shows about 10 months of inventory, thus favoring buyers and home is likely to be on market for longer unless it is priced right.

Here is a snapshot of real estate market for single family homes in North Reading, MA (Source: MLSPIN)

	2010	2009	Difference
Number of Homes Sold	97	124	down 21.77%
Median Price	$425,000	$374,250	up 13.55%
Average Sale Price	$492,619	$426,765	up 15.43%
Days on Market	110	112	down 1.78%
Total Volume	$47,784,070	$52,918,908	down 9.70%
Average List Price	$507,971	$443.441	up 14.55%
SP:LP	97%	97%	No Change

This table clearly shows that North Reading real estate is following an upward trend in terms of sale price and median price.

Though the overall volume is down a lot by 9.70%, the median price for the year is up by as much as 13.55% and the average sale price is up a lot again - by about 15.43%.

Other trend is days on market - which is almost unchanger in 2010 - down to 110 from 112 days.

All the indicators show that North Reading, MA is not a great market for single family homes and has tilted a lot in favor of buyers. Sellers got more money for thier homes in 2010 as compared to 2009 - a good indicator for 2011 - but number of sales were down as much as 21.77% - a huge drop

The ratio of sale price to list price is identical for 2009 and 2010 - at 97%.