Real Estate Stats For Medford, MA
By Jill McTague, DebOnTheWeb & Associates - Medford, MA Real Estate
(RE/MAX Andrew Realty Serfvices)
As the leaves are falling from the trees, it’s time for another update on what’s happening in the real estate market here in Medford, MA. Since most people are looking to buy or sell either a single family, a condo or a multi family home, I’ve separated out what’s happening in each of these markets. As you can see, there are very similar numbers of properties for sale, however, there are many more single family homes under agreement than multi family homes and even fewer condos under agreement. Don’t let this disparity fool you into thinking that the condo market in the city is in trouble. Take a look at the absorption rates. Absorption rate is a way to look at the number of properties currently on the market and then using the number of recent sales, allows you to estimate how long it ...
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