Numbers Don't Lie II

From the Raveis home office today, a more detailed picture of the market trends. I think the media has died down for a while, and I know there's a new wave of property on the market this week. This is the "standard" Fall trend, so let's see.

As for the numbers...

		Single Family Homes
TOWN	DATE	SOLD	Prcnt. Ch.	Avg.$$	Prcnt. Ch.
Brookline	8/31/2006	161		1,353,327
	8/31/2007	181	12.40%	1,415,449	4.50%
Newton	8/31/2006	550		890,855
	8/31/2007	646	17.40%	958,661	7.60%
Jma. Pln.	8/31/2006	91		614,320
	8/31/2007	78	-14.20%	539,898	-12.10%
MASS	8/31/2006	43627		431,882
	8/31/2007	41214	-5.50%	433,186	0.03%
		Condominiums
	DATE	SOLD	Prcnt. Ch.	Avg.$$	Prcnt. Ch.
Brookline	8/31/2006	625		509,927
	8/31/2007	684	9.40%	495,806	-2.70%
Newton	8/31/2006	288		543,145
	8/31/2007	287	0.03%	530,061	-2.40%
Jma. Pln.	8/31/2006	432		350,585
	8/31/2007	435	0.06%	370,716	5.70%
Brighton	8/31/2006	476		292,024
	8/31/2007	387	-18.69%	317,929	8.80%
MASS	8/31/2006	22330		320,703
	8/31/2007	20622	-7.60%	336,357	4.80%

Here are the overall inventory numbers. Remember supply and demand holds true in any market and the higher the supply the lower the price tends to be.

					SINGLE Family
TOWN		DATE		Inventory	Prcnt. Ch.
Brookline		8/31/2006		103
		8/31/2007		57	-44.60%
Newton		8/31/2006		310
		8/31/2007		163	-47.40%
Jma. Pln.		8/31/2006		45
		8/31/2007		24	-46.60%
MASS		8/31/2006		31375
		8/31/2007		30730	-2.00%
					CONDOMINIUM
		DATE		Inventory	Prcnt. Ch.
Brookline		8/31/2006		273
		8/31/2007		181	-33.69%
Newton		8/31/2006		200
		8/31/2007		155	-22.50%
Jma. Pln.		8/31/2006		178
		8/31/2007		147	-17.40%
Brighton		8/31/2006		190
		8/31/2007		122	-35.70%
MASS		8/31/2006		15655
		8/31/2007		14516	-7.20%