South Shore Housing Market Statistics Feb 2011 Summary

Sales of single family homes and condos – up 1% (from 193 sold in February 2010 to 195 sold in February 2011)

Prices –  Median price of single family homes and condos sold up 2% (from $285,000 in February 2010 to $289,900 in February 2011) Inventory – down 1% (from 2,438 on February 28, 2010 to 2,402 on February 28, 2011)

Supply – At the end of February 2010 there was 12.6 months supply at the current rate of sale. At the end of February 2011, there was 12.3 months supply at the current rate of sale. The market is considered balanced when there is between 7.5 and 8.5 months of supply.

Days on Market – The average days on market for single family homes and condos increased from 196 days at the end of February 2010 to 203 days at the end of February 2011.

Pending - The number of single family homes and condos put under agreement in February of 2011 was down 8% over the same time the previous year (from 312 in February 2010 to 286 in February 2011).

*Based on information provided and compiled by MLS Property Information Network, Inc., covering the periods February 1, 2010 through February 28, 2010 and February 1, 2011 through February 28, 2011.

Joshua Boulay
REALTOR
Gropman Realty Group
774-451-1419
joshboulay@gmail.com
www.JoshBoulay.com
www.facebook.com/joshboulay