Each month I prepare a summary of the sales data in the
town, this data provides some general view of what the market is doing.
For a better understanding of how this relates to your specific
interests please give me a call at 781-771-7216. The graph below shows the monthly numbers for the last year. The line is for the median price and the bars for the numbers of homes sold.
In the Waltham Condo market, there were 108 properties listed June 1. This is up slightly from the 98 listed the same time last year. Sales volume
in May was up substantially from April, and similar to last year with 26 units sold. The
median sales price was level with April but up significantly from last year at $324,950. In May the
average time on market was 71 days. With the spring increase in sales we have dropped to only a 4 month supply of Condos for sale which indicates thatthe Waltham, Ma. market remains in favor of sellers.
We are seeing the effect of the tax incentives in May
sales and I expect to see this continue in June sales. I expect the
summer to slow down as the market adjusts to the post-incentive demand.
However, prospective sellers should be encouraged with prices rising through this past year, and the
economy picking up there should be good buying interest.
For a longer term view of the market click here for the Waltham Quarterly Report, or call Mike at 781-771-7216 for a detailed review of how the market can affect your goals.
