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

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

	SEPTEMBER 2010	SEPTEMBER 2011	Trends
Number of Homes Sold	13	11
Median Sale Price	$476,000	$425,000
Averge Sale Price	$495,531	$465,191
Days on Market	45	58
Sale Price to List Price Ratio	96	98
Total Volume	$6,441,900	$5,117,100

Not very encouraging numbers. The red arrows are not good - and so is a solitary blue arrow, indicating days on market has gone up!

Median price is down about 10%. The average price has gone down almost 7%, too. It's all the NOT SO good news! Days on market for these homes have gone up too - one more reason to have any concern about this market!

Overall, compared to last SEPTEMBER, it's a NOT SO great market - lot of improvement on number of sales, median price, and average price are needed to bounce back. This is what one should worry about - as of last month, the market was great, Is that the impact? If so, I think it's okay. Let's look forward to a great month next month!

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

After a major drop in inventory and median before spring, there are many homes for sale in READING, MA. The median price has been down till spring and is going up since then. The median price is still going up indicating that there is stiill a demand for homes in this town. High inventory offsets the higher median price and it started showing slight decline in late summer. Let's hope there are more sales here - and little more stability. This is very apparent because number of days on market has jumped up from 45 to 58! I hope we get more balanced market for the rest of the year.

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

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

PREVIOUS MONTH"S READING MARKET REPORT

SEARCH ALL AVAILABLE READING HOMES FOR SALE, LIKE I DO!

Here is what is happening in Real Estate Market of READING, MA in the 3rd Quarted of 2011 - that is from July 1st 2011 to Septemeber 30th, 2011. Please note that this statistics is for SINGLE FAMILY HOMES only. (SOURCE: MLSPIN)

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

See you next quarter - with another report to on how READING, MA Real Estate market is doing.

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

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

	AUGUST 2010	AUGUST 2011	Trends
Number of Homes Sold	14	33
Median Sale Price	$367,450	$413,000
Averge Sale Price	$413,864	$432,136
Days on Market	46	130
Sale Price to List Price Ratio	99	96
Total Volume	$5,794,100	$14,260,500

The number of sales are up - more than doubled in August 2011 as compared to August 2010! Wow! Median price is up about 12%. The average price has gone up almost 5%, too. It's all the good news! Days on market for these homes have gone up too - the only reason to have any concern about this market!

Overall, compared to last August, it's a great market - lot of improvement on number of sales, median price, and average price. This is what one should look forward to every month!

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

After a major drop in inventory and median before spring, there are many homes for sale in READING, MA. The median price has been down till spring and is going up since then. The median price is still going up indicating that there is stiill a demand for homes in this town. High inventory offsets the higher median price and it started showing slight decline in late summer. Let's hope there are more sales here - and little more stability.

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

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

PREVIOUS MONTH"S READING MARKET REPORT

SEARCH ALL AVAILABLE READING HOMES FOR SALE, LIKE I DO!

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

	JULY 2010	JULY 2011	Trends
Number of Homes Sold	19	15
Median Sale Price	$427,000	$440.000
Averge Sale Price	$486,574	$431,913
Days on Market	73	59
Sale Price to List Price Ratio	97	98
Total Volume	$9,244,900	$6,478,700

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

The number of sales are slightly down and median price is sligltly up. The average price has gone down too. The good news is, days on market for these homes have gone down too. Overall, it's a mixed market - no improvement but not bad either.

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

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

READING REAL ESTATE - FOR THE MONTH OF JUNE 2011

Here is what is happenning in Real Estate Market of READING for the month of JUNE 2011. Please note that this statistics is for SINGLE FAMILY HOMES only. (SOURCE: MLSPIN)

	JUNE 2010	JUNE 2011	Trends
Number of Homes Sold	25	22
Median Sale Price	$465,500	$445,625
Averge Sale Price	$467,490	$475,954
Days on Market	49	51
Sale Price to List Price Ratio	98%	97%
Total Volume	$11,687,241	$10,470,985

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

The only consolation is - days on market is up compared to last year. This is a perfect buyer's market for Reading, it looks like. Prices are down, sales are down and volume is down, too!

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

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