Westford, MA Market Report - Sales Down

Using sales data from the MLS Property Information Network, Inc, I performed some single-family market research for some buyers looking at single-family homes in Westford, Massachusetts.

Days on the Market for Single-family Homes in Westford, MA:

• Comparing June 2006 with June 2007, the average number of days on the market increased in June 2007 by 17 percent.
• Comparing the first six months of 2006 with the first six months of 2007, the average days on the market increased in 2007 by 30 percent.

Number of Sales for Single-family Homes in Westford, MA:

• Comparing June 2006 with June 2007, the number of single-family homes sales decreased in June 2007 by 25 percent (from 35 sales to 26 sales).
• Comparing the first six months of 2006 with the first six months of 2007, the number of single-family home sales decreased by 9.5 percent (from 106 to 96 sales).

Median Price for a Single-family Home in Westford, MA:

• Comparing the first six months of 2006 with the first six months of 2007, the median price for a single-family home increased 3.2 percent; however, the median price is down about 10.75 percent from the first six months of 2005.