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.

This week, we saw a minor drop in listing inventory for both single family homes and condominium homes. The single family homes and multi-family homes have seen a slight decrease in average list price, which is great for buyers in the area. However, condominium homes have seen a slight increase in their average list price, which does not seem to make sense as we enter the deep winter months.

Average market time for the active listings in Watertown has dropped down to 69 days from 81 days. This means that homes are staying on the market shorter now, which is a great sign of good things to come.

There have been 2 more condominium closings since last week, bringing the year-to-date total to 226 sales. This is a small number in comparison to last year when there were 296 sales, a difference of 70 sales.

The depreciaton in single family home sales has decreased, while condominium home sales' appreciation has double since last week. Lastly, multi-family homes have seen a contnued depreciation with an increase in depreciation by more than $5,000.

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.

Please click below to learn how you can help in our Toys for Tots collection campaign!