Lowell Deeds

Both the Globe and the Herald report that the number of homes being sold is up but the median price they’re being sold for is down to levels last seen in 2003.

I ran a report that finds the median price of all deeds recorded for the ten towns in this registry for each year since 2002. The analysis is based only on deeds where the sales price was greater than $75,000 and less than $1 million. The statistics for 2008 are based on January 1 to October 28. All others are for the complete year:

2002 - 5372 deeds - median price of $250,000
2003 - 5506 deeds - median price of $273,000
2004 - 6234 deeds - median price of $295,000
2005 - 6061 deeds - median price of $307,000
2006 - 4594 deeds - median price of $300,000
2007 - 4296 deeds - median price of $282,500
2008 - 2783 deeds - median price of $256,750 (as of Oct 28, 2008).