Hi Deb,
I'm going to take a slightly different approach to this and focus on revere, since that appears to be your location. also, 2 types of answers ... first, a 'market snapshot' of active properties (single families) on those 3 dates, shows the inventory and avg. prices; second, the actual 'solds' in the last three 6-month periods. here goes:

11/9/07 - 181 active listings, 135 avg. days-on-mkt(dom), $340k avg.price
5/9/07 - 168, 115 dom, $365k
11/9/06 - 160, 103 dom, $363

5/9/07-11/9/07 - 80 sold, 148 dom, avg.sales price $293k
11/9/06-5/8/07 - 93 sold, 118 dom, $309k
5/9/06-11/8/06 - 102 sold, 118 dom, $351k

obvious trends: today, more inventory, fewer sales, longer dom, lower prices.
hope that helps ... good luck!

George Politis

Deb,
Over the last year the market has been down any where between 5 to 15% depending where you live. Many experts dont see much improvement on the current conditon until late 2008.

Deb - The market without question in most of Massachusetts has dropped since the Spring of 2005. This was the peak in the market. Since then it has been in decline. The market 1 year ago was higher than it was six months ago, and the market six months ago was higher than today. We have not hit bottom as of yet.

Im not sure about your area, but depending on the location prices have moved up down and any other direction you can think of. Some areas have gained and actually appreciated, while others have seen small drops. Then there are the worse cases the ones, that the media makes as there example of the entire market. These have seen drastic drops. So it all depends on where your at and the more specific the area the more accurate you can get.