Medford Market Update


If you’ve been reading my blog, then you know that I’m a number cruncher. I think it’s the best way to keep a good handle on what’s happening in the real estate market.

Here are the latest statistics for Medford:
Real Estate Market Update as of July 09

What this shows is that the market is still holding its own in Medford and that buyers are continuing to purchase single and multi family homes pretty quickly. The condo market has improved.

So, how long does it take to sell a property in Medford? Here are the average days on market from MLSPin:

Single family houses – 94 days on market
Condos – 118 days on market
Multi family houses – 99 days on market

If you’d like to compare, check out the Medford Real Estate Statistics from April 2009 or the State of the Medford Real Estate Market in January 2009 or check out what was happening last fall with the Medford Real Estate Update from October 2008.