Prices continue to rise in Medford and the length of time it takes to sell has continued to decrease. The Medford MA single family real estate market report for 2nd quarter 2013 below detail stats on average sales, number of listings, and average days on market for the last few years. Average selling prices provide useful details about the condition of the real estate market, especially when compared to previous time frames. The sales volume shows us how active the market is. Thirdly, the number of days on market reflects buyer demand. When viewed together, these 3 statistics may help you decide whether it is a good time to purchase or list a home, how long that may take, and the price you may pay.
Single Family Property Prices for Medford MA
2nd Quarter Average Sale Price
The average sales price in Medford MA for the 2nd quarter increased 10.6% from $361,456 to $399,786. This after it increased 2.87% from $351,384 to $361,456. Before that was a -7% change. These figures display no consistent pattern across the last few years.
| 2008 |  $389,007 |
| 2009 | $337,543 |
| 2010 | $377,852 |
| 2011 | $351,384 |
| 2012 | $361,456 |
| 2013 | $399,786 |
2nd Quarter Total Number Of Listings Sold
The Total number of listings sold in Medford MA for the 2nd quarter decreased -41.38% from 87 to 51. This after it increased 38.1% from 63 to 87. Previous to that was a 6.78% change. The recent drop is a change from the pattern from the previous few years.
| 2008 |  67 |
| 2009 | 59 |
| 2010 | 59 |
| 2011 | 63 |
| 2012 | 87 |
| 2013 | 51 |
2nd Quarter Average Days On Market
The Average days on market in Medford MA for the 2nd quarter decreased -40.63% from 64 to 38. This after it decreased -31.18% from 93 to 64. Prior to that was a 40.91% change. These figures present no consistent pattern during the last few years.
| 2008 |  93 |
| 2009 | 92 |
| 2010 | 66 |
| 2011 | 93 |
| 2012 | 64 |
| 2013 | 38 |
Medford MA Single Family Real Estate Market Report For 2nd Quarter 2013
Interest rates are still low. Prices are continuing to rise. Now is a great time to buy before prices and rates continue to rise. Please contact me for mortgage options with as little as 3% down and NO PMI. For more Medford MA single family real estate market report for 2nd quarter 2013 or details for nearby communities, please contact Christopher Graves, Operations Manager at Emery Federal Credit Union by calling 978-376-5389 or 781-759-1200 x22 or emailing christopher.d.graves@gmail.com. Note: These statistics were pulled from third party sources including county records and the Massachusetts MLS Property Information Network, Inc. It is intended to offer a general overview of the market, are not guaranteed, and may not include every single family transferred in Medford.