Waltham Massachusetts Condominium Market Statistics for August 2010

Waltham Massachusetts - Condos - August 2010

Market Statistics

There are currently 99 condos for sale in Waltham, Ma. (A decrease of 5.7%.) The average list price for these condos is $341,065 and these condos have been on the market for an average of 103.25 days.

There are currently 21 condos under agreement to be sold in Waltham, Ma. (A decrease of 27.5%.) The average list price for these condos is $302,995 and these condos have been on the market for an average of 86.14 days.

14 condos sold during the month of July 2010 in Waltham, Ma. (An increase of 64.2%.) The average sale price for these condos was $327,626 and these condos were on the market for an average of 92.91 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.

Market Analysis

Inventory of Condos in Waltham decreased by nearly 6%.

Pending Condos sales decreased by over 27%.

Sales of Condos increased by 64%.

Absorption Rate statistics tells us that the condo market in Waltham Massachusetts has become a seller's market. However with mortgage rates at historical lows, the market is still very attractive for buyers.