Market Updates: August 2008
September 7, 2008
90 King Street, Norfolk, MA SOLD! 8/25/08 $425,000
Below are the market reports for the month of August 2008. In half the markets (Medway, Walpole and Millis) average days on market were up slightly from the previous month. In the other three markets (Medfield, Norfolk and Franklin) average days on market were down from July. Based on average days on market, number of transactions and average sales prices vs. average list prices I would say overall there seems to be some slightly upward pressure on the market. By no means have we “turned the corner” but based on my month-to-month analysis, I would say things have remained steady and if anything have creeped slightly up.
As always, if you want a more detailed explanation of what’s going on in your specific market, please give me a call. I’m always happy to talk about real estate with my friends and neighbors.
Have a great Fall!
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