Winchester MA August 2008 Real Estate Market Update
Winchester Real Estate August '08 Update
<IMG class=mceItemWindowsMedia title="src:'',width:'100',height:'100'" width="100" height="100" align="" />Active Listings: There are a total of 81 properties actively on the market with the average price of $1,122,914 in Winchester.
Sold/Sale Pending: There are currently 29 properties with sales pending and 114 properties that closed over the last 6 months. The average sold price for Winchester was $943,507 and average days on market was 114 days. The average list price to sold price ratio was 84%, meaning these sellers received on average 84% of what they were asking for their property.
Absorption Rate/Supply: The definition of absorption rate is the number of weeks it takes to sell the current inventory at the present rate of sales. Absorption rates tell us how many months of supply is on the market based on historical data. For our purposes, we are tracking data over the last 6 months. The current supply of homes on the market at this time is 3.4 months. What this means is that if your home is priced accurately based on area/condition/comparative data, you can expect that your home may sell within 3.4 months. Take a video tour of Winchester MA
