Please take a look at the video below for an overview of the Newton real estate market for January 2012.
Monthly sales and prices were significantly lower for single family homes in Newton in December. However at year end, closed sales matched those of 2010 at 537 properties and the median sales price increased by 2.7% to $750,000. Inventory continues to be down by almost 20%!
Condominium sales in Newton dropped 23.3% from the same time in 2010 and were 6.1% down for the year. Prices slightly increased over 2010 by 1.7%, for a median sales price of $410,125. Inventory and new listings are still both down for the year.
Bottom line: The trend seems to be continuing … low inventory for both single family homes and condominiums in Newton AND … buyers are still out looking! My prediction: 2012 will be a great year for sellers in Newton!
Single family home sales in Newton in November continued to increase and are up 1.8% from 2010. Prices are also up 3.4% with an average median sales price of $755,000. Inventory continues to be slightly down from the same time last year.
Condominium sales in Newton are up 57.1%, compared to the same time in 2010. However, sales are slightly down for the year as a whole. While prices seemed to be less year-over-year, the prices are still up 1.5% with an average sales price of $414,000. Inventory and new listings remain low.
Bottom line: Sellers – there is a trend emerging … low inventory + low mortgage rates = great opportunity!
October was another strong month for home sales in Newton. With a decrease in inventory, both sales and prices increased because there were a fewer number of homes available.
Condominium sales and prices were also up, while inventory was down.
Bottom Line: Sellers – with fewer homes on the market and prices and sales up, this is a great time to sell!
September was a strong month for single family home sales in Newton. Sales volume continues to remain high while prices only dropped a slight 1.3% from this time last year. Price are still up 2.1% for the year! Both inventory and days on market were much less, with faster sales creating competition in the market.
Condominium sales were also strong with increases in sales volume and median price. There was an increase in median sales price of 38.8%! Inventory, days on market and new listings were all way down, indicating strong sales heading into the Fall market.
Bottom line: The Newton market is healthy and strong for both buyers and sellers.