Price reductions on single-family homes across Massachusetts: 2004 vs 2005

This graph, the fourth in a series of five documenting market trends behind the Boston's Globe's recent feature story, shows side-by-side comparisons of markdowns by price range for single family homes across Massachusetts through Thanksgiving in 2004 versus 2005 (click on image for larger view).  As the red bars indicate, price reductions increased in nearly every price range in 2005, but most notably in the mid-market or $300,000 to $600,000 price range.

The increase of markdowns in the $500,000 to $600,000 price range is particularly visible in this bar chart, and could translate into savings of tens of thousands of dollars off original asking prices, even before our unrivaled commission rebates.  You can learn more about them by reviewing The Real Estate Cafe's menu of compensation plans, or contacting us.  As always, your comments are welcome on our blog, or by calling our reader line to record a sound bite for potential use in our audio time capsule of the real estate bubble.