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Real estate buyers and sellers should be aware of changes in the market. Real estate statistics will help you get a sense of the the market and make informed decisions. The 2014 full year single family real estate market report for Waltham MA below contains some basic information.
Waltham MA single family Property Prices
Home prices give an overall idea of how the market is doing. Single family real estate in Waltham MA had an average sale price of 475331 during full year 2014. During a similar time period the last year, it was $451,174. It increased 5.35 %. Before that, the amount was $406,154.
Waltham MA Market Movement
Looking at number of listings sold will give you hints on the market. Few sales can mean lack of inventory, which might create pent up demand and push up home prices. This can be applicable in a sellers market. Alternatively, a lot of inventory can result in a surplus. Buyers may receive the advantage in that case because sellers must compete to get their properties sold.
In Waltham MA during the full year 2014, the number of listings sold was 349. This represents a 22.42% difference from the past year (which was344). In the year before that, it adjusted 22.42% from 281 to 344.
Waltham MA 2014 Full Year Average Listing Time Frame
Average listing time frame tell you the amount of time it requires for a house to get under agreement. It will you provide an indication of how active the market is and what leverage you may have as a buyer or seller. When new listings are going under agreement in a short time frame, as a home buyer, you might not have the benefit of waiting before deciding as the house may be taken by someone else. As a seller, it is critical to set proper expectations on marketing efforts. Remember that the listed price and condition of an individual home can influence that also.
The Average listing time frame in Waltham MA for the full year decreased -15.09% from 53 to 45. During the previous period, it changed -43.01% from 93 to 53.
2014 Full Year Single Family Real Estate Market Report For Waltham MA
The real estate market in Waltham is much hotter
than these statistics show. For more 2014 full year single family real estate market report for Waltham MA information or reports for other neighborhoods, please contact Bradford Prattat at REMAX on the Charles This information was obtained from the Massachusetts MLS Property Information Network, Inc. It is meant to offer a general overview of the real estate market, is not certified accurate, and may not include every single single family transacted in Waltham.