The Weston Town Crier has this report on the housing bubble in Massachusetts. "Inventory in Ashland has tripled from a year go with the median asking price coming down from $529,900 to $424,900, a 25 percent drop, the aftermath of a double-digit increase in the number of homes listed under $350,000."

"In Framingham, double the number of properties listed under $350,000 compared to a year ago pulled the median asking price down from $459,900 to $439,900 from last year, less than a 5 percent decrease. More than double the inventory in Holliston, and four times the number of homes priced under $450,000, resulted in a 21 percent decrease in the median asking price, from $649,990 a year ago to $537,500 this week. In Hopkinton, where inventory is up 41 percent."

"In Marlborough, a community where housing prices have traditionally been less than in surrounding towns, an 82 percent increase in the number of listings under $350,000 and a 91 percent increase in inventory, adjusted asking prices down by close to 2.5 percent." "Asking prices in Newton remain stable as a 65 percent increase in inventory priced upwards of $800,000 balanced the few lower-priced listings. The median asking price is $945,000, down from $949,000 from a year ago."

"An 80 percent increase in the number of homes on the market, coupled with a handful more of under $350,000 listings had little effect in Northborough. Prices there are down less than 4 percent, from $509,900 to $489,900."

"Despite a 20 percent increase in inventory in Sudbury, the median listing price there is down about 5 percent from a year ago. The median asking price a year ago was $895,000 compared to $849,900 this week. An increase in homes priced under $400,000 in Waltham, coupled with a 44 percent increase in inventory, pulled the median asking price down 4 percent, from $479,900 a year ago to $459,900."

"Double the number of listings in Wayland combined with a three-fold increase in listings priced under $450,000 reduced the median asking price by nearly 10 percent, from $775,000 a year ago to $699,000 this week. Median asking prices in Wellesley, a community where there is rarely a house listed for under $500,000, dropped nearly 22 percent this week compared to a year ago, the result of a 64 percent increase in inventory. The median list price a year ago was $1,577,975. Now, it's $1,230,000."

"The 57 percent increase in inventory in Westborough and a marked jump in the number of listings priced between $600,000 and $699,999 offset the surge in listings between $350,000 and $399,999 to keep asking prices just 1 percent lower than a year ago. Nearly triple the number of listings priced between $3 million and $4 million along with double the number of listings nudged the median asking price in Weston up 5 percent, from $1.995 million a year ago to $2.1 million this week."