Market reports can give you a sense of the condition of a specific market. Conditions might change often, so it is helpful to stay current if you are contemplating purchasing or selling in Newton. The Newton MA single family market statistics for the full year 2015 below provides up-to-date sales figures.
Newton MA single family Property Prices
Average selling prices give a general idea of the market. The average selling price of single family homes in Newton MA for the full year 2015 was 1287924. During a similar period of time the prior year, that average was $1,144,038. It therefore increased 12.58 %. In the year before that, it was $1,070,227.
Newton MA Market Transactions
Number of homes sold can tell you some things about the market. Few sales normally reflect reduced inventory, which contributes to a build up of demand and increase in prices. This is typically present in a sellers market. Alternatively, high inventory can result in an excess. Buyers can have the advantage in this situation since sellers must vie for fewer buyers.
In Newton MA for the full year 2015, the number of homes sold was 599. This shows a -7.38% change from the prior year (which was577). Prior to that, it varied -7.38% from 623 to 577.
Newton MA 2015 Full Year Average Marketing Time
Average marketing time tell you the amount of time it requires for a property to go under contract. It can tell you how hot the market may be and what advantage, if any, you might have as a buyer or seller. When houses are going under contract quickly, as a buyer, you may not have the luxury of waiting very long to act as the home may no longer be on the market. As a home seller, it is important to keep sensible expectations on how quickly you can find an offer. Keep in mind that the price and condition of a specific home will impact the marketing frame.
The Average marketing time in Newton MA for the full year increased 20.37% from 54 to 65. This after it changed -5.26% from 57 to 54.
Newton MA Single Family Market Statistics For The Full Year 2015
For additional Newton MA single family market statistics for the full year 2015 or statistics for nearby communities, please contact John Montanaro at at Renaissance Realty This information was obtained from the MLS Property Information Network, Inc. It is intended to offer a generic overview of the real estate market, is not certified accurate, and might not necessarily include every single single family transferred in Newton.