Got Questions? Call Osnat Now : 617.833.1055

Market Trends 2008-2009


Below you’ll find information on how the market has change in 2009 with compare to 2008

Change in market Ashland, Arlington, Brookline, Cambridge, Framingham, Lexington, Natick, Needham, Newton,
Sudbury, Wayland, Weston, Wellesley, Westwood, Winchester, Somerville, Boston (also by neighborhoods)
January 1st – December  31st 2008 Vs 2009 *
Ashland Sold   Arlington Sold
Single Family 2008 2009 %Different    Single Family 2008 2009 %Different 
Avg.
sale price
413,806 345,489 -16.51%   Avg. sale price 511,041 510,301 -0.14%
Median
price
420,600 329,900 -21.56%   Median price 475,000 488,000 2.74%
Avg.
Days on Market
111 95 -14.41%   Avg. Days on Market 49 52 6.12%
Number
of Sold
119 131 10.08%   Number of Sold 218 247 13.30%
                 
Brookline Sold   Brookline Sold
Single Family 2008 2009 %Different    Condo 2008 2009 %Different 
Avg.
sale price
1,325,407 1,315,895 -0.72%   Avg. sale price 512,544 534,503 4.28%
Median
price
1,030,000 1,225,000 18.93%   Median price 439,500 454,500 3.41%
Avg.
Days on Market
105 106 0.95%   Avg. Days on Market 93 79 -15.05%
Number
of Sold
124 125 0.81%   Number of Sold 512 504 -1.56%
                 
Cambridge Sold   Cambridge Sold
Single Family 2008 2009 %Different    Condo 2008 2009 %Different 
Avg.
sale price
1,139,533 1,079,621 -5.26%   Avg. sale price 474,577 458,755 -3.33%
Median
price
766,000 761,250 -0.62%   Median price 414,000 415,000 0.24%
Avg.
Days on Market
86 86 0.00%   Avg. Days on Market 92 78 -15.22%
Number
of Sold
108 110 1.85%   Number of Sold 745 664 -10.87%
                 
Framingham Sold   Lexington Sold
Single Family 2008 2009 %Different    Single Family 2008 2009 %Different 
Avg.
sale price
350,153 321,281 -8.25%   Avg. sale price 882,918 743,180 -15.83%
Median
price
329,000 300,000 -8.81%   Median price 750,000 650,000 -13.33%
Avg.
Days on Market
118 106 -10.17%   Avg. Days on Market 98 105 7.14%
Number
of Sold
469 443 -5.54%   Number of Sold 305 318 4.26%
                 
Natick Sold   Natick Sold
Single Family 2008 2009 %Different    Condo 2008 2009 %Different 
Avg.
sale price
472,685 477,783 1.08%   Avg. sale price 368,702 322,616 -12.50%
Median
price
420,000 420,000 0.00%   Median price 250,000 309,000 23.60%
Avg.
Days on Market
104 97 -6.73%   Avg. Days on Market 101 94 -6.93%
Number
of Sold
234 261 11.54%   Number of Sold 115 130 13.04%
                 
Needham Sold   Needham Sold
Single Family 2008 2009 %Different    Condos 2008 2009 %Different 
Avg.
sale price
785,675 775,293 -1.32%   Avg. sale price 559,465 487,472 -12.87%
Median
price
659,000 655,900 -0.47%   Median price 573,000 335,000 -41.54%
Avg.
Days on Market
88 89 1.14%   Avg. Days on Market 178 153 -14.04%
Number
of Sold
267 273 2.25%   Number of Sold 40 38 -5.00%
                 
Newton Sold   Newton Sold
Single Family 2008 2009 %Different    Condos 2008 2009 %Different 
Avg.
sale price
903,312 842,329 -6.75%   Avg. sale price 502,313 471,939 -6.05%
Median
price
755,000 711,000 -5.83%   Median price 438,998 422,500 -3.76%
Avg.
Days on Market
74 78 5.41%   Avg. Days on Market 96 102 6.25%
Number
of Sold
498 510 2.41%   Number of Sold 259 239 -7.72%
                 
Sudbury Sold   Wayland Sold
Single Family 2008 2009 %Different    Single Family 2008 2009 %Different 
Avg.
sale price
690,826 650,701 -5.81%   Avg. sale price 582,581 585,245 0.46%
Median
price
602,000 600,000 -0.33%   Median price 505,000 535,000 5.94%
Avg.
Days on Market
160 142 -11.25%   Avg. Days on Market 137 125 -8.76%
Number
of Sold
164 159 -3.05%   Number of Sold 116 128 10.34%
                 
Weston Sold   Wellesely Sold
Single Family 2008 2009 %Different    Single Family 2008 2009 %Different 
Avg.
sale price
1,550,622 1,386,373 -10.59%   Avg. sale price 1,351,022 1,152,215 -14.72%
Median
price
1,327,500 1,250,000 -5.84%   Median price 1,102,000 925,000 -16.06%
Avg.
Days on Market
152 165 8.55%   Avg. Days on Market 107 117 9.35%
Number
of Sold
98 99 1.02%   Number of Sold 271 268 -1.11%
                 
Weswood Sold    Winchester
Sold
Single Family 2008 2009 %Different    Single Family 2008 2009 %Different 
Avg.
sale price
660,461 619,320 -6.23%   Avg. sale price 881,080 766,767 -12.97%
Median
price
498,950 522,500 4.72%   Median price 731,575 710,000 -2.95%
Avg.
Days on Market
146 121 -17.12%   Avg. Days on Market 108 119 10.19%
Number
of Sold
120 139 15.83%   Number of Sold 198 187 -5.56%
                 
Boston South-End Sold   Boston
Back-Bay Sold
condo 2008 2009 %Different    Condo 2008 2009 %Different 
Avg.
sale price
641,550 645,280 0.58%   Avg. sale price 985,298 990,020 0.48%
Median
price
550,000 545,000 -0.91%   Median price 642,500 682,500 6.23%
Avg.
Days on Market
92 95 3.26%   Avg. Days on Market 103 118 14.56%
Number
of Sold
572 455 -20.45%   Number of Sold 408 351 -13.97%
Boston Allston/Brighton Sold   Boston
Allston/Brighton Sold
Condo 2008 2009 %Different    Multi Family 2008 2009 %Different 
Avg.
sale price
308,290 293,999 -4.64%   Avg. sale price 652,404 628,970 -3.59%
Median
price
273,000 266,500 -2.38%   Median price 585,000 575,000 -1.71%
Avg.
Days on Market
88 83 -5.68%   Avg. Days on Market 91 68 -25.27%
Number
of Sold
359 314 -12.53%   Number of Sold 49 47 -4.08%
                 
Boston Jamaica Plain Sold   Boston
Jamaica Plain Sold
Condo 2008 2009 %Different    Multi Family 2008 2009 %Different 
Avg.
sale price
376,712 350,987 -6.83%   Avg. sale price 540,995 482,564 -10.80%
Median
price
330,000 318,000 -3.64%   Median price 519,000 505,000 -2.70%
Avg.
Days on Market
90 86 -4.44%   Avg. Days on Market 74 116 56.76%
Number
of Sold
329 321 -2.43%   Number of Sold 37 24 -35.14%
                 
Boston East Boston Sold   Boston
South Boston Sold
Multi Family 2008 2009 %Different    Multi Family 2008 2009 %Different 
Avg.
sale price
261,399 258,479 -1.12%   Avg. sale price 557,394 503,764 -9.62%
Median
price
250,000 230,000 -8.00%   Median price 510,000 461,000 -9.61%
Avg.
Days on Market
171 94 -45.03%   Avg. Days on Market 59 53 -10.17%
Number
of Sold
108 107 -0.93%   Number of Sold 43 47 9.30%
                 
Boston West Roxbury Sold   Boston
Roslindale Sold
Single Family 2008 2009 %Different    SingleFamily 2008 2009 %Different 
Avg.
sale price
411,181 406,718 -1.09%   Avg. sale price 361,608 340,810 -5.75%
Median
price
383,250 392,500 2.41%   Median price 364,250 331,500 -8.99%
Avg.
Days on Market
77 84 9.09%   Avg. Days on Market 98 71 -27.55%
Number
of Sold
190 192 1.05%   Number of Sold 90 92 2.22%
                 
Boston Sold   Boston Sold
Multi Family 2008 2009 %Different    Condo 2008 2009 %Different 
Avg.
sale price
402,299 337,764 -16.04%   Avg. sale price 499,028 452,234 -9.38%
Median
price
305,000 275,000 -9.84%   Median price 372,000 348,000 -6.45%
Avg.
Days on Market
128 103 -19.53%   Avg. Days on Market 104 105 0.96%
Number
of Sold
874 884 1.14%   Number of Sold 3,842 3,615 -5.91%
                 
Boston Sold   Somerville
Sold
Single Family 2008 2009 %Different    Condo 2008 2009 %Different 
Avg.
sale price
472,960 437,448 -7.51%   Avg. sale price 368,853 371,827 0.81%
Median
price
349,000 335,000 -4.01%   Median price 350,000 363,000 3.71%
Avg.
Days on Market
111 107 -3.60%   Avg. Days on Market 105 90 -14.29%
Number
of Sold
909 911 0.22%   Number of Sold 329 359 9.12%
                 
Somerville Sold   Somerville
Sold
Multi Family 2008 2009 %Different    Single Family 2008 2009 %Different 
Avg.
sale price
469,838 478,343 1.81%   Avg. sale price 432,963 409,059 -5.52%
Median
price
467,000 466,250 -0.16%   Median price 399,750 377,000 -5.69%
Avg.
Days on Market
119 82 -31.09%   Avg. Days on Market 107 79 -26.17%
Number
of Sold
144 156 8.33%   Number of Sold 80 63 -21.25%
Blue Median
price and Average Price of 2008 are both up compare with 2007
Yellow Median
price and Average Price of 2008 are both down compare with 2007
Green Median
price and Average Price of 2008 are the Same as of 2007
* Source: Reference statistics from MLS PIN        

Leave a Reply

Your email address will not be published. Required fields are marked *