Newton MA Condo 2015 Full Year Property Market Report

Market statistics will give you a good sense of a local market. Things may shift often, so it is useful to stay current if you are thinking of purchasing or selling in Newton. The Newton MA condo 2015 full year property market report in this blog provides some of the latest sales figures.

Condo Home Prices in Newton MA

Sale prices give a general indication of what is happening in the market. Condo properties in Newton MA had an average selling price of 672897 during full year 2015. During the prior year, that figure was $637,166. This represents a 5.61 % difference. Before that, it was $557,292.

2015 $672,897
2014 $637,166
2013 $557,292

Newton MA Market Movement

Evaluating volume of listings sold is useful for several reasons. Low numbers usually indicate reduced inventory, which might create a build up of demand and drive up prices. This may be applicable in a sellers market. Alternatively, too much inventory can cause an excess. Home buyers will receive the upper-hand in that situation since sellers will vie to get their properties sold.

In Newton MA for the full year 2015, the volume of listings sold was 336. This increased 3.07% from the year before (which was326). In the year before that, it adjusted -10.93% from 366 to 326.

2015 336
2014 326
2013 366

2015 Full Year Average Days On Market in Newton MA

Average days on market details the amount of time it requires to attract a viable buyer. It will tell you how active the market is and what leverage you could have as a buyer or seller. When listings are moving fast, as a prospective buyer, you may not have the option of waiting to make a decision as the house may be snatched up by someone else. When trying to sell a home, it is important to maintain realistic expectations for how long it may take to sell. Do not forget that the listing price and condition of a certain home can influence the time frame.

The Average days on market in Newton MA for the full year increased 20% from 40 to 48. In the time frame before that, it changed -21.57% from 51 to 40.

2015 48
2014 40
2013 51

Newton MA Condo 2015 Full Year Property Market Report

For more Newton MA condo 2015 full year property market report or statistics for other cities and towns, please contact Jeanne Umbrello at at Wal-Lex Realty These statistics were pulled from the MLS Property Information Network, Inc. It is intended to offer a generic understanding of the market, is not guaranteed accurate, and might not include every condo transferred in Newton.