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.

So, I want to touch on something this week that I have alluded to in past market statistics. We are now entering the "real" winter months, which has been historically slower for the real estate market (Side Note: We are still very busy at my office, with many accepted offers this past week and many more offers waiting for a yes or no). However, when I look at the market statistics it seems as though the sellers are not understanding the market.

This past week, all three housing categories had an increase in average listing price. This was surprising to me, because the average market time for each category was:

• Single Family Homes     81 days on market
• Condominium Homes    152 days on market
• Multi-Family Homes     160 days on market

Both the condominium homes' average market time and multi-family homes' average market time has exceeded the average market time of homes that have sold this year. This makes me question, if you're home has far exceeded the average market time of a sold home this year, is it possible that it is overpriced? Sorry, this was a rhetorical question because the answer is YES!

Listing agents need to set expectations for their sellers and refuse overpriced listings, because it is a waste of your sellers' time to let a listing languish on the market for 150+ days.

In good news... the homes sales increased in all 3 categories from last week, while last year's year-to-date sales stayed at the same level. Home are still moving and it is a great time to invest in the opportunites currently available in this market.

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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