Weston, Massachusetts Condominium Market Stats May 2011

Weston Massachusetts - Condos - May 2011

Market Statistics

Weston Condominiums For Sale

• There are currently 15 condos currently for sale in Weston Ma.(A decrease of 6.25%.)
• The average list price for these condos is $1,061,693.(An increase of 6.64%.)
• These condos have been on the market for an average of 320.07 days.(An increase of 11.09%.)

Weston Condominiums Under Agreement

• There are currently 5 condos under agreement to be sold in Weston, Ma.(An increase of 150.00%.)
• The average list price for these condos is $722,980.(A decrease of 63.76%.)
• These condos have been on the market for an average of 132.00 days.(A decrease of 61.23%.)

Weston Condominiums Sold

• 0 condos sold during this month in Weston, Ma.(Flat month-to-month.)
• The average sale price for these condos was $0.(Flat month-to-month.)
• These condos were on the market for an average of 0 days.(Flat month-to-month.)

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.