Boston Real Estate for Sale

real estate moneyAccording to Realty Trac last year foreclosed homes in Massachusetts resold on average 80% of market value. In other words, a home that should sell for $300,000 is now selling for $240,000 on the foreclosed market. How much of an impact is foreclosed properties bringing down the state and city averages? Once the foreclosed property inventory returns to normal levels will we see a major increase in  avg sale prices?

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