Waltham, Massachusetts Single Family Market Stats April 2011

Waltham Massachusetts - Single Family Homes - April 2011

Market Statistics

Waltham Homes For Sale

• There are currently 93 single family homes currently for sale in Waltham,Ma. (An increase of 9.4%)
• The average list price for these homes is $443,986. (An increase of 0.02%)
• These homes have been on the market for an average of 103.49 days. (A decrease of 22.54%)

Waltham Homes Under Agreement

• There are currently 46 single family homes under agreement to be sold in Waltham, Ma. (An increase of 43.8%.)
• The average list price for these homes is $442,909. (An increase of 9.2%.)
• These homes have been on the market for an average of 90.33 days. (A decrease of 20.7%.)

Waltham Homes Sold

• 18 single family homes sold this month in Waltham, Ma. (Flat Month-to-Month.)
• The average sale price for these homes was $347,639. (A decrease of 9.9%.)
• These homes were on the market for an average of 207.00 days. (An increase of 153.80%.)

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.