May Fall Ours in Arlington (MA)

Get it? May fall ours...May Flowers?...Oh well.

A look at last year in Arlington shows up 64 sales in the residential world. This year, with a week or so to go, we've got 19 -- that's quite a fall. Unless there is a big change in the weather in the next week (and there "may" be -- 64 props are under agreement ready to close), we are gonna see a fall in sales.

Not that the folks who popped off those sales are complaining (well, maybe they are). Average sales for singles are up -- 527k vs 495 for last year. Condos ditto: up about 4k from last year. Fewer days on market meant that agents had more time to shuffle around the aisles of the new MarketBasket just up the road (maybe they shouldn't be doing that...there's 160 properties for sale in town!)

We are used to propes popping off the shelves in Arlington. Looking at the singles on market, we see the AVERAGE home is now on market for 71 days and counting; the counting won't stop until the dotted lines are signed. The homes that have already sold did so in 48 days on average (my listing business banged out in 30, but that is just me...note to self -- big pat on the back is due).

So where do we stand in all this? Maybe we are standing at the peak, or most likely a very long plateau...one thing is certain -- the grass is going to need cutting no matter.