Waltham, Mass Single Family Market Stats November 2010

Waltham Massachusetts - Single Family Homes - November 2010

Market Statistics

For Sale

• There are currently 99 single family homes currently for sale in Waltham,Ma. (Flat month-to-month)
• The average list price for these homes is $419,722. (A decrease of 3.0%)
• These homes have been on the market for an average of 105.35 days. (An increase of 8.3%)

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 $376,609. (A decrease of 6.8%.)
• These homes have been on the market for an average of 75.28 days. (An increase of 0.1%.)

Homes Sold

• 15 single family homes sold this month in Waltham, Ma. (A decrease of 21.0%.)
• The average sale price for these homes was $419,857. (A decrease of 0.2%.)
• These homes were on the market for an average of 88.47 days. (A decrease of 2.0%.)

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.