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 Arlington, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Arlington, MA market statistics weekly on Wednesdays.

This week we have some great statistics for Arlington, MA. The overall inventory is down, with condominiums and multi-families have the largest drop in inventory, nearly by half. This is not a bad thing, as those who are listing their house probably have good motivation and they definitely have less competition. The average days on market for active single families is at 150 days, which is a high number. There may be a few single family homes that are in desperate need of a price adjustment. Multi-Families, however, have an active average market time of only 54 days which is a great number for this category.

Single family homes are selling at 96% of the original list price and in only 49 days on market!

Although the total volume of sales has dropped in single family homes and multi-family homes, condominium home sales have actually seen an increase by 26 homes! We have also seen appreciation in both condominium home sales and multi-family home sales. Single family home sales have only depreciated by -$4,132, which is less than 1% depreciation.

Also, all three housing markets have seen an increase or stabilization in the median home sale prices year-to-date.

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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