2008 is over and looking back, the actual numbers are not nearly as bad as other parts of the country. I analyzed the market going back 20 years to try and determine if we were going to see an increase in sales in 2009. If you look at the other downturns, the answer would be yes. There are different factors this time so it's really difficult to predict. One thing we know for sure is that these cycles happen and the real estate market will improve again, it always does. Low interest rates are sparking some activity now and people are tired of waiting and need to get on with their lives.


In terms of local towns, I am including data for Acton and Concord. If you are interested in others areas, let me know and I would be happy to chart those as well.

Median prices in Acton were level over last year according to MLS, Concord however experienced a 12% dip. This is less dramatic than the 2006-2007 trend which showed Acton prices down 11% and Concord down 19%.