Waltham, Massachusetts Single Family Market Stats May 2011

Waltham Massachusetts - Single Family Homes - May 2011

Market Statistics

Waltham Homes For Sale

• There are currently 115 single family homes currently for sale in Waltham,Ma. (An increase of 23.66%)
• The average list price for these homes is $461,778. (An increase of 4.01%)
• These homes have been on the market for an average of 95.61 days. (A decrease of 7.61%)

Waltham Homes Under Agreement

• There are currently 36 single family homes under agreement to be sold in Waltham, Ma. (A decrease of 21.74%.)
• The average list price for these homes is $462,403. (An increase of 4.40%.)
• These homes have been on the market for an average of 58.19 days. (A decrease of 35.58%.)

Waltham Homes Sold

• 29 single family homes sold this month in Waltham, Ma. (An increase of 61.11%.)
• The average sale price for these homes was $401,848. (An increase of 15.59%.)
• These homes were on the market for an average of 119.09 days. (A decrease of 42.50%.)

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.