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!