State of The Local Real Estate Market

John DiPasquali, REALTOR® Call 508-998-9975

Southeastern Massachusetts

Home Sale Prices

Year            Average       Highest          Median         Lowest     Inventory Amount Sold

2002            $250,816        $3,200,000      $220,000        $22,000            1,476

2003            $286,733        $2,100,00        $259,900        $24,000            1,761

2004            $333,917        $5,900,000       $287,000        $20,000           2,063

2005            $346,060        $4,350,000       $300,000        $295                2,375

2006            $346,484        $5,700,000       $299,000        $363                2,157

2007            $322,626        $3,850,000       $276,500        $48,000           1,918

2008 YTD*    $296,617        $3,500,000       $250,000        $35,000             925

Home Sale Averages 

Year                List Price               Original Price            Days On Market

2002            $258,475                $288,010                        69

2003            $296,220                $302,842                        79

2004            $343,395                $352,953                        82

2005            $358,613                $369,480                       105

2006            $361,763                $378,822                       134

2007            $404,120                $358,256                       162

2008 YTD*    $313,833                $334,092                       164

Price Ratio

Year               Sale-to-Original       List-to-Sell

2002                    87                        97

2003                    95                        97

2004                    95                        97

2005                    94                        96

2006                    91                        96

2007                    90                        95

2008 YTD*            90                        95

*Year to date 1/1/2008 to 7/31/2008

Source: H3 MLS PIN

The above home sale market statistics can help you to evaluate the current real estate market by comparing it to that of previous years.  I'd love to talk with you about your real estate interests, please - contact me at 508-998-9975

Sincerely Yours,

John DiPasquali, REALTOR®

Email john-dipasquali@etruria-properties.com

Single family home sale market statistics are for the towns or cities of Bristol County and Plymouth County in Southestern Massachusetts, including, but not limited to: Acushnet MA, Berkley MA, North Dartmouth MA, South Dartmouth MA, Dighton MA, Fairhaven MA, Fall River MA, Freetown MA, Lakeville MA, Marion MA, Mattapoisett MA, New Bedford MA, Rochester MA, Seekonk MA, Somerset MA, Swansea MA, Westport MA