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.

Between last week and this week there have been some minor difference to the market in Watertown. The number of Multi-Family homes on the market has increased by 4 since last week. This is great news for investors because in the 3rd quarter of this year, investment property purchases spiked by 40%.

However, since last week there has been an increase in listing prices for all three housing sectors. This is surprising to me because we are heading into the winter months, which is typically a slower market. Prices should not deter buyers, because a qualified real estate agent will "pull" comparable properties in order to show the realistic selling point of a property that is of interest.

There has not been a change week-to-week in number of sold homes in all three housing categories for 2008. In 2007, the number of condominium sales rose by 8 between last week and this week. This is significant because the total appreciation year-to-date has slightly rose also.

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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