In an effort to be knowledgeable of our current market, I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham, and Brighton. Below are the market statistics in Waltham, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Waltham, MA market statistics weekly on Thursdays.

There have not been drastic changes to the Waltham, MA real estate market since last week, but there are some points that I want to make after reviewing the difference between this week's statistics and last week's statistics.

First, there has been a decrease in the active single family homes market by 12 homes. That is a very large decrease and it has been seen changing the entire makeup of the single family market statistics. The average list price for a single family homes in Waltham is now $510,970, which is down $49,932 since last week. This means that active homes are priced closer to market value, which is great for buyers. Also, since last week there have been 9 single family home sales in Waltham, MA. This means that there is still activity, especially in the single family home category.

There has been a funny occurrence in the condominium and multi-family homes markets, because the average list price on these homes has risen since last week. These two categories have large depreciation year-to-date but still sellers insist on having overpriced listings. It is important, for listing agents, to set  realistic expectations for these sellers by presenting these market statistics and educating everyone to the current market conditions.

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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