In an effort to be knowledgebale of our current market, I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham and Brighton. Below are the market statistics in Watertown, MA. I will, typically, be posting the statistics for Watertown on Mondays.

Lets start with Single Family Homes! The average days on market for single family homes has dropped from 110 days at this time last year to 72 days on market for homes that have sold. That is a great sign that there is buyer activity out there and that the low inventory and low prices are driving quicker sales.

WHO CAN SELL IN A DOWN MARKET? It's Perspective Time:

Now, let's tackle the condominium market. We have buyer activity out there because there has been 18 condominium home sales this year and there are 14 more condominiums that are currently Under Agreement. Average sales prices are down, so those who were waiting for prices to drop may be coming off the fence and ready to take advantage of the low interest rates.

What if I bought in 2000? Would it be safe for me to sell now and not lose money? Lets get some perspective.

Oh the multi family homes market, it seems so bad when you look at the numbers. Average sales price are down -$213,955 since last year at this time. There have been 4 sales as compared to 7 last year. There is lower inventory of 14 active properties on the market compared to 26 last year.

Is there good news? Wait... how can the median sales price be $490,000 compared to last year's $445,000. I am confused.

For more information on my business please click the logo below or email me at mark@smarthomesboston.com. This is the first installment of the video series, so anything you are interested in having me discuss then please email me or call me at 617.448.9481.