Watertown, Massachusetts Market Statistics Single Family Homes
The Watertown single family home market has seen depreciation year-to-date both in average sales price and median sales price. Although, total volume of sales is slightly down (26 sales in 2008 vs. 19 sales in 2009), there are some signs of life and some signs of sellers' acceptance of the current market.
As you can see, the average days on market for SOLD homes has decreased by 63% from 93 days in 2008 to 59 days in 2009. This shows that home owners are pricing their homes more appropriately for the current market and receiving offers at a faster rate than previously. Although price are down, inventory is still relatively equal between last year and this year. What this tells me is that home owners who need to sell are not allowing this market to get in their way. Home owners understand that the market being "down" is all relative to when you purchased your home.
For more information regarding Watertown market statistics or to receive the weekly market statistics via email, please contact Mark at mark.madden@commonmoves.com or call him directly at 617.448.9481.
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