Waltham Massachusetts - Single Family Homes - September 2010
Market Statistics
For Sale
- There are currently 106 single family homes currently for sale in Waltham,Ma. (An increase of 13.9%.)
- The average list price for these homes is $430,562. (An increase of 1.7%)
- These homes have been on the market for an average of 90.29 days. (Flat month-to-month.)
Under Agreement
- There are currently 29 single family homes under agreement to be sold in Waltham, Ma. (A decrease of 9.3%.)
- The average list price for these homes is $459,962. (An increase of 7.5%.)
- These homes have been on the market for an average of 71.07 days. (An increase of 6.0%.)
Homes Sold
- 22 single family homes sold this month in Waltham, Ma. (A decrease of 31.2%.)
- The average sale price for these homes was $396,044. (A decrease of 0.3%.)
- These homes were on the market for an average of 66.55 days. (A decrease of 0.6%.)
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 | 284 | 170 | 76 | 22 |
| Average Days on Market | 75.06 | 66.13 | 77.55 | 66.55 |
| Average Sales Price | $411,189 | $413,338 | $391,750 | $396,044 |
| Average Home Sales Per Month | 23.67 | 28.33 | 25.33 | 22.00 |
| Months Supply on Market | 4.48 | 3.74 | 4.18 | 4.82 |
Market Analysis
For Buyers
You would be hard pressed to find someone that would tell you that we aren't in a buyers market, the lack of single family homes for sale has not supported the traditional definition of a buyers market. However, this month saw a sharp increase in the number of homes for sale. Couple this fact with historic low mortgage rates and the market is very attractive for buyers.
For Sellers
The news is not quite so good for sellers. There were sharp declines in the number of homes that went under contract and the number of homes sold.
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