2016 1st Quarter Single Family Home Report For Waltham MA

Market reports can give you a sense of a local market. They could fluctuate monthly, so it is important to remain up to date if you are contemplating listing or buying in Waltham. The 2016 1st quarter single family home report for Waltham MA in this blog provides recent statistics.

Waltham MA single family Property Prices

Average selling prices offer an overall glimpse of the market. Single family homes in Waltham MA sold for an average price of 500037 during 1st quarter 2016. For the prior year, the average selling price was $464,044. This represents a 7.76 % difference. In the year before that, the average was $447,721.

2016 $500,037
2015 $464,044
2014 $447,721

Waltham MA Market Movement

Evaluating total number of properties sold will provide hints about the housing market. Few sales normally indicate lack of inventory, which contributes to a build up of demand and escalate market values. This is usually seen in a sellers market. On the other hand, a lot of inventory may result in an excess. Home buyers will have the upper-hand in this scenario because sellers must vie for fewer potential buyers.

In Waltham MA for the 1st quarter 2016, the total number of properties sold was 62. This shows a 26.53% difference from the past year (which was49). In the year before that, it varied -22.22% from 63 to 49.

2016 62
2015 49
2014 63

2016 1st Quarter Average Listing Time in Waltham MA

Average listing time is the amount of time it takes for a property to go under contract. It can you provide an indication of how hot the market may be and what leverage, if any, you could have as either a buyer or seller. When houses are going under contract quickly, as a home buyer, you might not have the option of waiting to act as the home may no longer be available. When looking to sell a home, it is helpful to establish fair expectations for marketing time. Remember that the set price and condition of a specific property will affect the marketing frame.

The Average listing time in Waltham MA for the 1st quarter decreased -16.42% from 67 to 56. In the time frame before that, it changed 17.54% from 57 to 67.

2016 56
2015 67
2014 57

 

2016 1st Quarter Single Family Home Report For Waltham MA

For more 2016 1st quarter single family home report for Waltham MA or statistics for neighboring areas, please contact Jeanne Umbrello , REALTOR at Wal-Lex Realty These statistics were compiled from the MLS Property Information Network, Inc. It is intended to provide a generic overview of the market, is not guaranteed accurate, and may not necessarily include each single family transferred in Waltham.