Real estate sales reports will tell you quite a bit about what is going on in a particular market. They can change often, so it is important to remain current if you are thinking of selling or buying in Belmont. The 2015 full year single family real estate report for Belmont MA in this blog may be useful if you wish to buy or sell in Belmont.
Prices of Single Family Properties in Belmont MA
Average selling prices offer a general idea of the market. For full year 2015, single family Belmont MA properties had an average sales price of 950625. During the corresponding time period the previous year, that average was $1,008,136. This represents a -5.7 % change. Two years ago, it was $936,106.
Belmont MA Market Transactions
Listing volume tell you a few things about the real estate market. Few sales usually result from low inventory, which then leads to a build up of demand and elevate home prices. This can be found in a sellers market. Alternatively, a lot of inventory can cause a surplus. Buyers may receive the advantage in this scenario as sellers must vie for fewer buyers.
In Belmont MA during the full year 2015, the listing volume was 144. This shows a -2.74% change from the previous year (which was142). Before that, it shifted -2.74% from 146 to 142.
Belmont MA Average Listing Time for the Full Year 2015
Average listing time is the length of time it requires for a listing to go under agreement. It will you provide a sense of how hot the market is and what leverage you might have as either a seller or buyer. When inventory is selling quickly, as a buyer, you might not have the benefit of waiting before deciding as the home may no longer be on the market. As a seller, it is helpful to set fair expectations on how fast you may find an offer. Remember that the listing price and presentation of a specific house can impact that also.
The Average listing time in Belmont MA for the full year increased 79.41% from 34 to 61. This after it changed -33.33% from 51 to 34.
2015 Full Year Single Family Real Estate Report For Belmont MA
For more 2015 full year single family real estate report for Belmont MA or details for other cities and towns, contact John Montanaro , Broker Owner at Renaissance Realty The statistics here was obtained from the Mass. MLS Property Information Network, Inc. It is meant to provide a general overview of the real estate market, is not guaranteed, and might not necessarily encompass every single family transacted in Belmont.