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Needham, MA Market Report August 2012

By Pat Laracy Baker

Real Estate Agent with Realty Executives Boston West 113011

September 24, 2012 03:29 AM

Trending Versus*:

Market Profile & Trends OverviewMonthLML3MPYMLYYTDPriorYTDPriorYear

Median List Price of all Current Listings	$986,500
Average List Price of all Current Listings	$1,242,293
August Median Sales Price	$693,500	$667,500
August Average Sales Price	$780,756	$754,425
Total Properties Currently for Sale (Inventory)	126
August Number of Properties Sold	49	276
August Average Days on Market (Solds)	65	77
Asking Price per Square Foot (based on New Listings)	$305	$317
August Sold Price per Square Foot	$317	$306
August Month's Supply of Inventory	2.6	5.9
August Sale Price vs List Price Ratio	97.8%	96.9%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales

August Property sales were 49, up 22.5% from 40 in August of 2011 and 19.5% higher than the 41 sales last month. August 2012 sales were at their highest level compared to August of 2011 and 2010. August YTD sales of 276 are running 17.9% ahead of last year's year-to-date sales of 234.