Everyone always asks - How’s the Real Estate Market doing in Westford? Well if you listen to the news every night - you’d know that it’s terrible, nothing is selling, the market is finally crashing … but - is that really the truth?

Let me share some facts retrieved from MLS so you can use the data to draw your conclusions …

First - there are 114 Single Family Homes on the market in Westford currently.  The average price of these homes is $504,256 and the average market time is 155 days.  There are 24 homes Under Agreement awaiting a closing currently.

Since January 2007, 145 Single Family homes have sold in Westford (again according to MLS) compared to 147 Single Family homes for the same timeframe in 2006 … we are only off from last years numbers by 2 homes!  There is a difference in the average amount over the assessed value that homes sold for dropping from 22% in 2006 to just 1% in 2007. An important point to remember here is most homes were re-assessed this year at a higher value than last year, impacting this number as well.

So, although the buyers are not knocking the doors down at every house that comes on the market, as Realtors, we are finding that if a home is priced appropriately and properly prepared for sale - it will sell …maybe not as quickly as last year … but it will sell.

For a Free market analysis on your home, visit us at www.westfordhome.com or feel free to email me directly.

Welcome to Paula Kowalczik’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Westford.