One of my New Year's resolutions is to post regular Market Conditions reports for the towns I cover, with statistics and perspective on what is happening in the respective real estate markets for each of these distinct areas.
Here is my current report for the town of Princeton. It presents a sobering picture of what home sellers are facing, showing a 17-month supply of homes, based on the purchasing patterns during the last six months.
Today's report for Harvard shows an uptick in activity in the under-$500,000 price range, with three homes in that tier of the market having accepted offers since the beginning of January. The high-end picture is sobering, with a 24-month supply of homes in the $900,000 and over range.
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