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 109 properties listed October 1. This is up slightly from the 92 listed the same time last year. Sales volume
in September was down from August with 13 units sold. The comparison with last year is skewed by last year's tax incentive driven buying. The
median sales price was level with August but down slightly from last year at $300,000. In September the
average time on market was 79 days. With the Fall slow down in sales we have risen an 8 month supply of Condos for sale which indicates thatthe Waltham, Ma. market has shifted in favor of buyers.
We have seen the effect of the tax incentives in May and June
sales and after a brief lull the market still showed some late summer seasonal strength. We will see the normal Fall winter softness over the next few months, but with mortgage rates at historic lows and the economy showing signs of recovery I expect prices to remain stable. Prospective sellers should be encouraged with this price stability, and with the
economy picking up there should be good buying interest as we move into 2011.
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.
