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!