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Norwell home sales report for July 2013
Norwell home sales report for July 2013
 
27 single-family homes sold in Norwell in July
up from 19 in June
The average
SALES price was $746,000, up from $566,000 in June
LISTING price was $766,000, up from $580,000
ORIGINAL price was $780,000, up from $596,000
ASSESSMENT was $704,000, up from $535,000
Average = total prices / number of homes. The average is strongly influenced by the relative number of high-priced sales from one month to the next
 
The median
SALES price was $672,000, up from $569,000 in June
LISTING price was $700,000, up from $579,000
ORIGINAL price was $700,000, up from $579,000
ASSESSMENT was $607,000, up from $478,300
Median = the home halfway down the list

The average
number of days on market was 71, down from 81 in June price paid per square foot was $241, unchanged from $241 home sold for about 95% of its original list price
There are 73 single-family homes on the market in Norwell today. At this brisk sales pace, that's 3 months of inventory, and only 14 new properties came on the market. With 27 sales in July, the inventory is decreasing rapidly.
Mortgage interest rates have moderated a bit and are trading in the 4 to 4 1/2 percent range.
In Norwell, the market is hot. Buyers are buying when the ... more

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