Dorchester Real Estate Report
As of August 19th 2009, the On-Market inventory In Dorchester has increased. Lets take a look at the numbers:
Total Inventory was 353 on August 19th 2009 and has increased to 393 in 2010 an 11% Increase
The Average Number of Days on Market was 133 Days in 2009 and is now 120 Days a 10% Decrease
The average list price was $296,847.00 and is now $300,445.00 a %12 Increase
It is important to note that the on market inventory for the same time in 2008 was 723. Although the inventory is up from last year, The average number of days On-Market is down 10% and the average list price is up 12%. This numbers indicate that market is getting stronger. Even though the inventory is slightly higher than last year, the average list price has increased and homes are selling quicker. This is a good time to buy as it looks like we may have already hit the bottom In the Dorchester Market.