Waltham, Mass Single Family Market Stats January 2011

Waltham Massachusetts - Single Family Homes - January 2011

Market Statistics

For Sale

• There are currently 68 single family homes currently for sale in Waltham,Ma. (A decrease of 16.1%)
• The average list price for these homes is $405,269. (A decrease of 4.0%)
• These homes have been on the market for an average of 159.22 days. (An increase of 21.6%)

Under Agreement

• There are currently 27 single family homes under agreement to be sold in Waltham, Ma. (Flat month to month.)
• The average list price for these homes is $367,778. (A decrease of 5.5%.)
• These homes have been on the market for an average of 73.56 days. (An increase of 25.6%.)

Homes Sold

• 11 single family homes sold this month in Waltham, Ma. (A decrease of 38.9%.)
• The average sale price for these homes was $364,000. (An increase of 4.0%.)
• These homes were on the market for an average of 53.64 days. (A decrease of 34.5%.)

Absorption Rate

Absorption Rate is the ability of the real estate market to sell all of the houses currently for sale in a given amount of time. For example if there were currently 100 houses on the market and the houses were selling at a rate of 20 houses per month, there would be a five month supply of homes on the market. We can use this number to help determine what type of market we are in.

• When there is less than a 5 months supply of homes on the market this is considered a Seller's Market.
• When there is more than a 7 months supply of homes on the market this is considered a Buyer's Market.
• When there is between a 5 and 7 months supply of homes on the market this is considered a Balanced Market.