Waltham, Massachusetts Condominium Market Stats May 2011

Waltham Massachusetts - Condos - May 2011

Market Statistics

Waltham Condominiums For Sale

• There are currently 107 condos for sale in Waltham, Ma. (An increase of 7.0%.)
• The average list price for these condos is $299,845. (A decrease of 0.3%.)
• These condos have been on the market for an average of 94.54 days. (An increase of 7.73%.)

Waltham Condominiums Under Agreement

• There are currently 32 condos under agreement to be sold in Waltham, Ma. (An increase of 18.52%.)
• The average list price for these condos is $328,778. (An increase of 0.32%.)
• These condos have been on the market for an average of 70.91 days. (An increase of 7.44%.)

Waltham Condominiums Sold

• 14 condos sold this month in Waltham, Ma. (A decrease of 17.65%.)
• The average sale price for these condos was $351,493. (An increase of 15.78%.)
• These condos were on the market for an average of 78.00 days. (A decrease of 39.37%.)

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.