Archive for March, 2009
Strength in the Ashland Housing Market
March 3rd, 2009 Categories: Ashland, Market Conditions, Real Estate
Ashland Massachusetts is a community that is tucked away in the shadows of the larger Town of Framingham, but some people have noticed it!
The housing market is reflecting overall declines of 12% in median prices, but Ashland is holding up very well.
The median prices in single family homes for the town is $419750, for the 12 months ending 3/1/09. The median price for the 12 months prior to this was $423750.
This is an overall decline in median price of 1%!
The inventory of available homes in Ashland is quite low. There are only 47 single family homes on market. This is a decline of 23% from a year ago.
The single family homes on market have been available for an average of 176 days, or almost 6 months.
The real estate industry uses a term called “consumption rate” to describe whether we are in a Buyer’s Market or a Seller’s Market. Read the rest of this entry »
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Tarot Cards for the Massachusetts Economy
March 2nd, 2009 Categories: Market Conditions, Real Estate
There is an awful lot of data out there on the state of the market. Many of these articles give projections of how long this recession will last, and others how a buyer/investor could take advantage of this housing crisis. One of the best sources I have found is the Greater Boston Housing Report Card.
In October 2008, The Center for Urban and Regional Policy at Northeastern University put together this report card. Here are my summary of some interesting sections:
Building permits are an indicator that new homes are not being added to the marketplace. This results in Read the rest of this entry »
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