The Local Real Estate Market

Real Estate prices in Norfolk County have actually increased over last year at this time. Norfolk County consists od several cities and towns including Quincy, Braintree, Weymouth, Randolph, Milton, Avon, etc.

A report just published by The Warren Group, publishers of The Banker and Tradesman, showed prices are down 11% in Massachusetts as a whole, but Norfolk County has increased by 1%.

Maybe the bottom has hit? Time will tell. If this trend continues in the coming months we will be saying prices are going up. Local Market Statistics are always a better indicator as to what is happening in a given area. Much of the Media is repoting Nationwide Statistics that really do not tell the story on the local level. Some areas are doing better than others, and I think this report shows that.