Dorcehster Single Family Home Sales 2008 VS 2009

As the economy remains unstable, Dorchester single family home sales continued to slide in 2009. The total number of single family homes sold in 2008 were 165 versus 143 in 2009.  That represents a 13% decline. The average sales price was $295,506.00 in 2008 and $269,357.00 in 2009 a total decline of approximately 9%. The decline can most be attributed to an increase in foreclosures and short sales. As the Dorchester Market continues to decline, many potential buyers are cautiously waiting before they decide to make a purchase. While this strategy is safe and provides temporary security, it hinders the potential of getting a great deal at the bottom of the market. If you plan on staying in your next home for more than 5 years then there is no better time to buy than now.  It is truly a buyers market and if your on the fence, you risks missing the potential for a great deal. For more information about Dorchester Real Estate, please check out my website at www.Bentleyregroup.com

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