Median Sales Prices

As the real estate market begins to stabilize, I decided to see where the median prices were in surrounding towns. The following chart shows the median sales price for single family homes, over the last year, as of September 30, 2009. Source: MLSPIN

Supply and Demand

Supply is going down in a lot of towns which may point to a more balanced market.
Here are the absorption rates by town as of today September 6, 2009: