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.

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