2016 3rd Quarter Waltham MA Condo Market Statistics

Market statistics will tell you a lot about what is going on in a particular market. Patterns can change regularly, so it is useful to stay current if you are thinking of selling or purchasing in Waltham. The 2016 3rd quarter Waltham MA condo market statistics below will be helpful if you are thinking of purchasing or selling in Waltham.

Prices of Condo Properties in Waltham MA

Average selling prices are a simple glance of a specific market. For 3rd quarter 2016, condo houses in Waltham MA sold for 470056 on average. For the prior year, that figure was $382,701. Thus, it increased 22.83 %. Two years ago, the amount was $342,533.

2016 $470,056
2015 $382,701
2014 $342,533

Waltham MA Real Estate Market Activity Overview

Looking at listing volume will give you insight on the market. Few sales often result from lack of inventory, which contributes to a build up of demand and increase in prices. This is typically seen in a sellers market. On the other hand, high inventory can cause an excess. Buyers will have the advantage in this case since sellers must compete for fewer potential buyers.

In Waltham MA for the 3rd quarter 2016, the listing volume was 93. This decreased -1.06% from the year before (which was94). Prior to that, it changed 11.9% from 84 to 94.

2016 93
2015 94
2014 84

2016 3rd Quarter Average Marketing Time Frame in Waltham MA

Average marketing time frame details how much time it takes to attract a valid buyer. It will you offer an indication of how hot the market may be and what advantage, if any, you may have as either a seller or buyer. When homes are selling in a short time period, as a home buyer, you may not have the luxury of waiting very long to make a decision as the house may be snatched up by someone else. As a seller, it is critical to set fair expectations on marketing efforts. Keep in mind that the listed price and condition of a specific house can affect that also.

The Average marketing time frame in Waltham MA for the 3rd quarter decreased -16.67% from 30 to 25. During the prior period, it changed -21.05% from 38 to 30.

2016 25
2015 30
2014 38

 

2016 3rd Quarter Waltham MA Condo Market Statistics

For more 2016 3rd quarter Waltham MA condo market statistics or statistics for neighboring neighborhoods, please contact Jeanne Umbrello , REALTOR at Wal-Lex Realty These statistics were obtained from the MLS Property Information Network, Inc. It is meant to provide a general overview of the market, is not certified, and might not necessarily include every single condo sold in Waltham.