In an effort to be knowledgeable of our current market, I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham, and Brighton. Below are the market statistics in Waltham, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Waltham, MA market statistics weekly on Thursdays.
The Waltham housing market has slowed for the average consumer in almost every category. Both average sale prices and median sale prices have seen a decrease since last year at this time. However, there has been an increase in total number of sales in multi-family homes. This comes as multi-family homes have seen a decrease of -$74,313 in average sales price. According to the Massachusetts Association of Realtors, the state has seen an increase in investor purchases by 40% in the 3rd quarter. That statistic alone would help to understand the quick spike in total volume for multi-family home sales.
The inventory has dropped, but not in astronomical numbers. There is still a decent amount of inventory available. With the large decrease in sales prices, it may be no better time to purchase in Waltham because, in the end, any home owner is buying an investment property. The hope is that if you stay for 5-10 years you will see an increase on your initial investment.
If you are interested in learning about more Market Statistics or would like to be emailed these statistics on a weekly basis for a particular town, please email me at firstname.lastname@example.org
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