Weston, Massachusetts Single Family Market Stats May 2011

Weston Massachusetts - Single Family Homes - May 2011

Market Statistics

Weston Homes For Sale

• There are currently 134 single family homes currently for sale in Weston Ma.(An increase of 8.94%.)
• The average list price for these homes is $2,400,257. (A decrease of 3.36%.)
• These homes have been on the market for an average of 148.94 days.(A decrease of 7.99%.)

Weston Homes Under Agreement

• There are currently 20 single family homes under agreement to be sold in Weston, Ma.(An increase of 42.86%.)
• The average list price for these homes is $1,908,545.(An increase of 44.51%.)
• These homes have been on the market for an average of 94.75 days.(An increase of 23.63%.)

Weston Homes Sold

• 11 single family homes sold this month in Weston, Ma.(Flat month-to-month.)
• The average sale price for these homes was $1,272,192.(An increase of 24.34%.)
• These homes were on the market for an average of 135.45 days.(An increase of 12.96%.)

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.