Moving thru December, condo inventories remain high in the North East neighborhoods, keeping prices soft. SFR inventories are low in the central and northern neighborhoods, which creates an upward bias for prices in these areas as we move past January.

The state-wide median price for single family homes dropped an eye-popping 59% from the market peak to the trough. Prices have since rebounded a little, but where do we go from here? This article examines key factors affecting the forward price trend in order to predict the direction of prices in the short term.