A Snap Shot of Medford Real Estate with Susan deRosas

This is the second in a series of occasional pieces by Medford Realtor Susan deRosas. deRosas lives in Medford and has been selling residential real estate for over twenty years. She developed www.MyAgentBook.com, a social network with hundreds of Realtor members across the country.

According to the Multiple Listing Service the following represents the active inventory in Medford:

Single Family Homes
On market- 52
Average asking price- $391,302
Average days on market- 103.63

Condominiums
On market- 43
Average asking price- $332,458
Average days on market- 113.47

Multi Family Homes
On market- 23
Average asking price- $482,833
Average days on market- 185.87

There is a broad array of inventory on the market. The single family market ranges in price from $184,900 to $894,000. So is it the right time to right time to sell? Well, maybe. Home sellers tend to experience more competition in the number of homes on the market after the first of the year – this can have an effect on your home’s value. Even though there does tend to be more buyers looking after the first of the year, it still may be in your best interest to sell. You may want to check the competition in your specific neighborhood. One thing is for sure; you will only be entertaining very serious buyers during this season. Maybe one will be the right one for your home!

Have questions for Susan? Leave a comment below or email her at rsderosas@comcast.net.