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Local Market Update for Watertown, MA

By
Real Estate Sales Representative with Castles Unlimited®

Between January 2014 and January 2015, closed sales of single-family properties in Watertown, MA have decreased by 50%. The average sales price of these homes have decreased minimally, by 6.4%. Days on the market has decreased by a day, and the number of new listings in Watertown has increased by 25%.

Condominium sales in Watertown have decreased by 42.9% while the average sales price of condos has increased by 5.5%. The days on the market in Watertown have decreased by 42% and the number of new listings of condos has decreased by 83.3%.

The change in average sales price throughout the years in Watertown has followed very closely to all MLS, as reflected in the graphs above.

Michael Dagner
Brokers Guild Classic - Denver, CO
Your Denver Homes Realty Expert

Hi James, looks like Watertown is experiencing the same inventory troubles as many markets.  Hope the Spring market is good.

Feb 27, 2015 09:03 AM
James Lowenstern
Castles Unlimited® - Newton, MA
Castles Unlimited. Newton MA Real Estate

The month to month stats are sometimes misleading with these reports.  Even with negative numbers in the reports our markets around Boston have never been stronger.

Mar 01, 2015 08:11 PM