Norwell, MA

Sales in September were 7, the same as last month. Sales/list price ratio in September moved down to 94.3% from 95.8% in August.

Median price for Norwell in September was $623,700. This is up 10.9% from $562,500 in September of 2008. Average sale price (most recent 3 months) is $594,985, way down from $743,996 in 2008.

Inventory is 82, down modestly from 89 in 2008. New listings in September were 23, unchanged from the same month last year.

Days on market of 100 in September was up substantially from 68 in August and way up from 81 in September of 2008. Months of supply in September moved up to 12.1 from 11.3 in August.

Wondering about real estate values in your neighborhood? Visit www.NorwellRealEstateValues.com to see prices of sold and homes for sale.

Copyright © RealtyMarketPublishing, 2009 Data courtesy of: MLSPIN Listing and sales information comes from various sources and may not always be accurate. No representation or warranty is made as to the accuracy of this information. You should verify any information that is important to your buying decision.

Well, you have to close on a home by November 30th. to take advantage of the 8K tax credit. They are really not talking about extending it either.

If you do not have some thing under agreement now, forget it for the most part. Put it all down on paper. Even if you have been saving, you will never see these prices (in the east) or rates like this. Even if you have been a squirrel with your money, FHA is the way to go. Fore go the fancy wedding, lets talk a roof over your head, and some nice equity down the road. How fast people forget about a wedding...sorry, but this is true.

I sure wished this was available to me when I was buying my first house.

A shameless plug for our office!

Raveis Team Earns Top Market Share in Norwell for 2007

Norwell, MA - January 11, 2008 - As 2007 was coming to a close, you could feel the excitement building for the Norwell Office team of William Raveis Real Estate, Mortgage & Insurance. In a year in which the credit and housing markets have experienced considerable negatives, the positives for Raveis Norwell were clearly many. "We did what very few companies did in 2007. We showed year over year growth in many of the communities we serve including Hanover, Kingston, Marshfield, Pembroke and Scituate, but becoming the number one real estate office in Norwell for 2007, that is what we are most proud of." Commented Jill Duffy Sales Manager, "We thank the Norwell community for entrusting their real estate transactions to us. I am so proud of our team of full-time, real estate consultants who have been the driving force behind this achievement."

William Raveis Real Estate in Norwell showed a nearly 23% gain in sales volume over 2006 in the town of Norwell according to multiple listing service statistics reports Duffy. This is in stark contrast to the 26% decrease in sales volume and number of homes sold in all of Norwell for 2007. Duffy further commented, "We continue to show positive growth in a challenging market. Now, we are looking forward to 2008. We have a plan and our focus will remain on providing an outstanding level of service to our clients by supporting our agents. Our philosophy is simple. Our team is dedicated. We differentiate ourselves from the competition in ways that are meaningful to our seller and buyer clients. It's simply a team approach." With housing and market stability still a major concern for both Buyers and Sellers, the Norwell Office works closely with their clients and the Raveis "family of companies" - Real Estate, Mortgage & Insurance - to offer the one-stop shopping many consumers find convenient and beneficial. Raveis Mortgage has also experienced significant growth in 2007.

In addition to being the number one real estate office in Norwell, the Raveis Norwell team showed over 40% growth for 2007 in the towns of Hanover, Kingston, Marshfield, Norwell, Pembroke and Scituate combined. William Raveis Real Estate in Norwell is a full service real estate brokerage. The office is open Monday through Sunday 9am to 5pm.