Housing Statistics for the South Shore for the month of June

Sales of single family homes and condos – down 9.72% (from 494 sold in June 2010 to 446 sold in June 2011)

Prices – Median price of single family homes and condos sold down 7.51% (from $353,750 in June 2010 to $327,200 in June 2011)

Inventory – up 6.04% (from 3,195 on June 30, 2010 to 3,388 on June 30, 2011)

Supply – At the end of June 2010 there was 6.5 months supply at the current rate of sale. At the end of June 2011, there was 7.6 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 decreased from 156 days at the end of June 2010 to 153 days at the end of June 2011.

Pending - The number of single family homes and condos put under agreement in June of 2011 was up 6.5% over the same time the previous year (from 417 in June 2010 to 444 in June 2011).


*Based on information provided and compiled by MLS Property Information Network, Inc., covering the periods June 1, 2010 through June 30, 2010 and June 1, 2011 through June 30, 2011.


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