Merrimac, MA Median Home Price Plunges

The median price for single-family homes sold in Merrimac, Massachusetts during October of 2009 was $290,500, a decrease of 32.4 percent when compared to the previous October. The decline in October 2009 median price followed a 3.9 decrease from October 2007 to October 2008, with a median price of $430,000. During October 2006, the median price was at its lowest in the past four years, at $290,000, although only one home was sold.

The number of sales has remained reasonably low, with a range of 3 sales, during the month of October from 2006 to 2009. The most sales recorded in the month of October were in 2007, with four sales.

In October 2009, the average number of days single-family homes spent on the market was 164 days. This was a 32.5 percent decrease when compared to October 2008, but a 18.8 percent increase when compared to October 2006. There was an 82.6 percent increase from October 2006 to October 2007, and a 3.6 percent decrease from October 2007 to October 2008.

The data come from the MLS Property Information Network, Inc.

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Merrimac, MA Real Estate Market Data

	Median Price	Number of Sales	Days on the Market
October 2006	290,000	1	138
October 2007	447,500	4	252
October 2008	430,000	3	243
October 2009	290,500	2	164