Although the year to date (YTD) Dorcheser inventory is slightly higher than last year, the Dorchester YTD Average sales price is up by 12% and the average days on market went from 122 days to 77 days, a drop of 37%. These numbers clearly indicate signs of a recovery. As the market begins to rebound it has never been more critical for buyers to “get off the fence” and get into the game. Furthermore, it appears that we may have already seen the bottom of theDorchester market. If you are considering buying real estate and are uncertain of when to purchase a home, the time is now. In addition to getting in while the values are low, you can also take advantage of historically low interest rates. The only way to know when we have seen the bottom of the market is when we start to come back up. Again, Dorchester YTD Home values are up 12%. What more can I say.

Dorchester, MA - Number of Petitions to Foreclose - Year to Date

Dorchester, MA - Number of Auctions - Year to Date

Dorchester, MA - Number of Foreclosure Deeds - Year to Date

Dorchester, MA - Ratio of Petitions to Sales - Year to Date

Based on the numbers it appears that we are continuing to experience an increase in foreclosures across the Boston area.

Below are the YTD Boston Foreclosure Statistics for 2010 VS the past 3 years.

Boston Ratio of Foreclosure Petitions to Sales - YTD

Boston, MA - Number of Foreclosure Deeds - YTD

Boston, MA - Number of Auctions - Year to Date

Boston, MA - Number of Petitions to Foreclose - YTD