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Housing Stats

May 30th, 2006 | By DebOnTheWeb | Category: Real Estate

Sometimes pure statistics can help you to understand a situation. Right now in Winchester, there are currently 147 single family houses for sale. Last year at this time, there were only 88. Last year in the city of Somerville there were 185 condos on the market, while today there are 324. Obviously the Law of Supply and Demand comes into play when there are so many properties for sale in a city that’s only about 4 square miles. Again, are we in a buyer’s market? No, properly priced properties (say that 3 times fast!) are selling, they’re just taking a few months to sell and prices in some areas are flat and in others have fallen a bit.

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