Medford Real Estate Update

Happy Holidays!

Here’s the latest scoop on the Medford real estate market.

Medford Real Estate Statistics as of December 2009

Medford Real Estate Market Statistics

Let’s compare this to just about one year ago as the new year began.

Medford Real Estate Statistics as of January 2009

As you can see, prices throughout the city continued to fall during 2009. Sales of both single family and multi family homes remained pretty steady. Not only are there less condos for sale than there were last year, a much larger percentage of condos have been selling. Putting these two facts together shows a stronger condo market than we had last year. We’re also seeing what we’d expect, a corresponding drop in the number of months of inventory currently for sale (absorption rate).