Waltham Massachusetts - Single Family Homes - July 2010
Market Statistics
There are currently 92 single family homes currently for sale in Waltham, Ma. (A drop of 8% from June.) The average list price for these homes is $433,257 and these homes have been on the market for an average of 90.70 days.
There are currently 40 single family homes under agreement to be sold in Waltham, Ma. (An increase of 39.5% from June.) The average list price for these homes is $399,818 and these homes have been on the market for an average of 60.03 days.
21 single family homes sold during the month of July 2010 in Waltham, Ma. (An decrease of 47.5% from June.) The average sale price for these homes was $378,712 and these homes were on the market for an average of 101.48 days.
Absorption Rate
Absorption Rate is the ability of the real estate market to sell all of the houses currently for sale in a given amount of time. For example if there were currently 100 houses on the market and the houses were selling at a rate of 20 houses per month, there would be a five month supply of homes on the market. We can use this number to help determine what type of market we are in.
When there is less than a 5 months supply of homes on the market this is considered a Seller's Market.
When there is more than a 7 months supply of homes on the market this is considered a Buyer's Market.
When there is between a 5 and 7 months supply of homes on the market this is considered a Balanced Market.
| Time Frame | 12 Months | 6 Months | 3 Months | 1 Month |
| Transactions Closed | 271 | 141 | 94 | 21 |
| Average Days on Market | 77.63 | 68.53 | 68.54 | 101.48 |
| Average Sales Price | $416,110 | $415,831 | $425,603 | $378,712 |
| Average Home Sales Per Month | 22.58 | 23.50 | 31.33 | 21.00 |
| Months Supply on Market | 4.07 | 3.91 | 2.94 | 4.38 |
Market Analysis
Inventory of Single Family Homes in Waltham fell by 8%.
Pending Single Family Homes sales in Waltham rose by almost 40%.
Sales of Single Family Homes fell by almost 48% in July.
Absorption Rate statistics tells us that single family home market in Waltham Massachusetts is a slight seller's market. Interesting to note is the increase in pending sales. This tends to indicate that the Waltham market is recovering from the post First Time Home Buyer Tax Credit hangover.
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