Some may find the 2007 sales results for the town of Harvard surprising even though a market correction has been widely predicted by experts for quite some time. As you can see at left sale prices are not climbing exponentially like they were in the early part of the decade.
While Harvard experienced a 36.1% median sales price increase from 2002 - 2004 it recently saw a 8.6% median price decline from 2005 - 2007. In 2007 alone the median price for a single family home in Harvard declined by 6.8% to $550,000 down from $590,000 in 2006.
Pricing, property condition, and inventory levels will continue to pose a challenge for both buyers and sellers laboring through this market correction in 2008. Remember I'm here to help!So if you do want to make a move give me a call and I'd be happy to help you make the best real estate decisions.
For more detailed market information, or to ask a question call me at 978-456-3855 or email me at: marysprague@harvardrealty.com.
