Newton MA Single Family Home Market Report For The 3rd Quarter 2015

Market figures can tell you a lot about a local market. Patterns can change monthly, so it is helpful to remain current if you are in the market to purchase or list in Newton. The Newton MA single family home market report for the 3rd quarter 2015 in this blog will be useful if you want to purchase or sell in Newton.

Newton MA single family Home Prices

Home prices are a glimpse of an individual market. During 3rd quarter 2015, single family Newton MA houses sold for 1180511 on average. For the corresponding time period the previous year, that average was $1,165,445. It therefore increased 1.29 %. In the year before that, the amount was $1,088,471.

2015 $1,180,511
2014 $1,165,445
2013 $1,088,471

Volume of Listings Sold in Newton MA

Evaluating number of listings sold is useful for several reasons. Low figures can mean reduced inventory, which contributes to a build up of demand and elevate home prices. This may be applicable in a sellers market. On the other hand, a lot of inventory can result in a surplus. Home buyers may receive the upper-hand in this scenario as sellers will compete to get their houses sold.

In Newton MA for the 3rd quarter 2015, the number of listings sold was 208. This increased -23.11% from the prior year (which was173). In the year before that, it adjusted -23.11% from 225 to 173.

2015 208
2014 173
2013 225

2015 3rd Quarter Average Marketing Time Frame in Newton MA

Average marketing time frame describes the amount of time it takes for a home to get under agreement. It may tell you how hot the market may be and what advantage, if any, you might have as a buyer or seller. When properties are selling in fewer days, as a home buyer, you might not have the benefit of waiting very long to act as the home may no longer be available. As someone attempting to sell real estate, it is helpful to establish proper expectations on marketing time. Keep in mind that the price and curb appeal of a particular house may impact this time frame.

The Average marketing time frame in Newton MA for the 3rd quarter increased 11.36% from 44 to 49. During the prior period, it changed 7.32% from 41 to 44.

2015 49
2014 44
2013 41

Newton MA Single Family Home Market Report For The 3rd Quarter 2015

For more Newton MA single family home market report for the 3rd quarter 2015 or details for neighboring neighborhoods, please contact Jeanne Umbrello at at Wal-Lex Realty This information was extracted from the Massachusetts MLS Property Information Network, Inc. It is meant to offer a basic understanding of the real estate market, is not guaranteed, and may not include every single family sold in Newton.