October Annual Sales Comparison for Newton Single Family Homes Sold
The housing shortage in the Greater Boston Area continues to place a sense of urgency for buyers working to find a home in this area, particularly in Newton. While things have slowed down compared to the frantic level of activity in the spring-summer-early autumn market, competition is still strong especially for homes that are well priced in specific price points and locations. Yes, you have heard this before, real estate is local.
Look at the October solds for Newton single family sales. Days on market this year have come down almost 50% from last year for the same approximate number of listings. Although the median and average sale prices were lower than one might have expected. If you narrow down the sale price and look at listings that have sold under the $2M price mark, the price range is very different. Still and all, the Sale Price to List Price (SP:LP) remains at 100% for 2013.
The best strategy for finding the home of your dreams, is to work with a highly skilled and experienced Buyer’s Agent. In this market, it matters who you work with.
Data compiled from the Multiple Listing Service (MLSPIN)
Call Janet at 617-797-9497 when you are ready for you next move.
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