In an effort to be knowledgeable of our current market I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham, Brighton and Allston. Below are the market statistics in Newton, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Newton market statistics on a weekly basis on Fridays.
This week I am posting the market statistics for Newton, MA. As you can see there has been depreciation in every housing market of Newton over the last year. The largest depreciation is in Multi-Family homes which has dropped $75,968. There is good news in the Newton housing market though. The inventory has dropped slightly, which allows for a better absorption rate (months of inventory on the market). Also, the days on market for sold single families and condominiums has dropped by double digits which is a good sign that the housing market is moving in Newton.
If you are interested in learning about more Market Statistics or would like to be emailed these statistics on a weekly basis for a particular town, please email me at mark.madden@commonmoves.com
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