I really look forward to reading the Wall Street Journal's Dow Jones Real Estate Indeces. They can be a fascinating snapshot of the market as it goes up and even as it comes down. I'm especially interested in the index known as the "Move Up Home Index" highlighting our little town of Harvard, zip code 01451, as one of their selected zip codes for monitoring mid-career professionals and executives.During the real estate hay-day this index was published quite frequently, especially while values were heading upward. Now that values are heading downward, I haven't seen the Index since December of 2006.
With the absence of the WSJ Index, I will share with you my own data. In December of 2006 the YTD median sales price for Harvard was $597,500. As of June 15, 2007 the YTD median sales price is $569,900 - a 4.75% drop over six months. We shall see what September brings...
