I love number crunching. It’s the best way to truly get a handle on what’s happening in the real estate market. Today let’s look at single family homes in Stoneham. I decided to look at year over year statistics. The black line shows the percentage change in median sales prices. As you can see it’s been a bit of a roller coaster ride and currently prices are back on the positive side.
The interesting part of the story is the orange line which shows the percentage change in inventory. We’re in the height of the spring market yet inventory is down 30%.
If a house is priced right in Stoneham, it won’t be on the market for long.