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Know Your Market: Watertown, Massachusetts Market Statistics

By
Real Estate Agent with Century 21 Commonwealth

In an effort to be knowledgebale 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 Watertown, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Watertown, MA market statistics weekly on Mondays.

The columns read from left to right as Single Families, Condomniums and Multi-Families. As you can see there has been depreciation year-to-date in all the single families and multi-families, but we have seen slight appreciation in our condominium market. Although value is down in multi-families, we have actually seen higher volume of sales in this area; the volume is up slightly from last year at this time.

Inventory is down in all categories, by large numbers. This is good for buyers and sellers alike, in my opinion. For buyers this means that there are less sellers "testing the market" out there currently and more serious sellers who are hopefully pricing their properties to sell. For sellers, it's simple, there is less competition which means more buyers looking at your home.

Know Your Market: Watertown, MA Market Stats

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

Please click here to visit the Know Your Market Archives.

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