Just released: the latest video discussing inventory trends and for the fall real estate market in Hopkinton, MA. Charts in the video are also included below for your reference.
Some of the raw data:
* 69 single-family homes on the market currently and of those 3 have accepted offers and remain as “active” only to seek back-up offers.
* Average DOM (days on market) is up a bit to 126 days from 117 days on average last month.
* The lion’s share of activity as measured by number of homes having gone under agreement is happening below $700,000 with the most activity price range being the $300,000′s.
Below is the inventory trend chart shown in the video. The dark blue represents the number of homes in each price range this month, the gray bar column is the same number from one month ago, and the red line to the right in each price range indicates the number of homes which have gone under agreement since 10-15-09.
Below is the chart showing inventory trends since January 2005. You can see that our inventory levels are relatively low.