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Richard C. Lee's Blog

By Rich Lee | Agent in Boston, MA

Reading, MA Condo Sales Volume Recovery

Reading, MA condo sales volume recovered from a low point reached in 2008.  Data in this post is based on information provided to and compiled by MLS Property Information Network, Inc.

Reading, MA Condo Sales and Average Sale PriceReading, MA Condo Sales and Average Sale Price

Reading condo sales finished 2010 with 42 sold.  That's up from a low of 26 sold during 2008.  The average sales price for a condo was $260,026, which is down from a peak of $301,987 in 2007.

Reading, MA Condo Sales and Average Sale Price (January)Reading, MA Condo Sales and Average Sale Price (January)

The average sales price for a Reading condo during January 2011 was $245,000.  I would not draw any conclusions from that due to an inadequate number of data points but I present the data to you for your interpretation.

Reading, MA Condos Average Days on MarketReading, MA Condos Average Days on Market

Condos sat on the market for an average of 89 days during 2010.  That bucked the trend from the prior 6 years of increasing time spent on market prior to sale.

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