GRAFTON, Mass. -- First, the good news, then the bad news.
Coldwell Banker, the oldest franchised residential real estate network in North America, released its 2012 report on the ranking of average home listing prices in Massachusetts and the United States.
The good news is that compared to many communities in the area, Northborough, Shrewsbury, Grafton and Millbury comparatively were a bargain.
The average listing price of a four-bedroom, two-bathroom home in Northborough is just more than $533,000, Shrewsbury is around $506,000, Grafton is $437,000, and Millbury is a little more than $304,000.
The numbers compiled by the real estate firm is a snapshot only, according to its press release.
The most expensive in the Bay State are Weston at more than $1.1 million, Wellesley at about $966,000 and Dover at around $900,000.
Nationwide, according to the real estate franchise, this report analyzes more than 72,000 home listings in more than 2,500 U.S. markets, comparing the listing prices of similar homes in markets across the country from January 2012 to June 2012.
Do you want to hear the bad news?
The average listing price of a four-bedroom, two-bathroom home in Massachusetts is the second most expensive in America at $489,063, second only to the paradise state of Hawaii ($742,551) and ahead of number three California (431,625) even with the pricey cities of Los Altos and Newport Beach calculated.
For more details on this report, visit the Coldwell Banker website.