Waltham's single family home sales market showed some seasonal volume strength but has weakened in the past month. With August sales numbers in, volume is slightly low, and prices remained level in August. The graph below shows a line for the median price and bars for the numbers of homes sold.
In the Single Family market, there were 86 properties listed September 1. This represents a 9% decrease in inventory from the same time last year. The median sales price remained flat at $425,000. In August the time on market held at only 52 days, a positive indicator. The number of sales was 28. This is down slightly from July but 10% higher volume than last August. Currently we have only a 3 month supply of homes for sale which indicates that the Waltham market remains in favor of those selling property. With such a tight supply we should see price improvements in the Waltham market. It should be noted that approximately 8% of the homes on the market are distressed properties so prices will experience some drag.
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