My own feelingas are that hopefully things will level off in the first part of the year and then start an upward turn around the 2nd half with 2009 being a better year! However, if we could predict such things we would all be millionaires with our lottery winnings! On a more serious note tho, who could have predicted the market we are now facing?
Auburn has always had a strong market, but as with all areas of Central Mass homes are staying on the market much longer and prices are still falling. Right now there are 69 homes under 350K on the market in Auburn. The longest has been on for 427 days, has an asking price of 329K and is assessed at 326K. Things seem to be selling in this area now for at or below assessed value, amazing! The average for on the market is 112 days. There are 9 homes under agreement, the longest is 234 days with an average or 115 days for all. In the past 6 months there have been 63 sales with the longest on the market 448 days and an average of 108 days.
I know that this doe not really answer your questions, but these are the real facts now of what is happening in Auburn. Knowing more of what your criteria is would be helpful so if you would like to e-mail me I would be more than happy to help you further! You can reach me at firstname.lastname@example.org Good Luck!!