June 2008 MLS Statistics

There's been plenty of doom and gloom about the real estate market in the media over the past few weeks. We acknowledge things are a bit slower, but certainly nothing as bad as some reports say. When you look at the June numbers, it certainly confirms this. The number of sales is down about 10% to last year's numbers but certainly not as bad as some would lead you to believe.
Here are the June 2008 MLS monthly statistics from our two real estate boards:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 276,384	$255,323	$263,500	$252,724
Percentage Change	+8.2%		+4.2%
Properties Sold	706	761	277	311
New Listings/Sales Ratio	70.2%	77.6%	65.4%	66.5%
Properties For Sale Now	1938	2136	N/A	N/A