February, 2014
Volume 4 Issue 2
William Raveis Real Estate, Mortgage & Insurance
Newton, MA – Single Family Properties
Newton
- 3-month unit sales are up 31.8% to 112.
- Days on market in February was 52. This is down 50.0% from 104 in February of 2013.
- 3-month price per square foot is up by 14.8%.
Other Towns In Middlesex County
- Unit sales in Arlington are up 150.0% to 15.
- Unit sales in Cambridge in February were 1. This is down 75.0% from 4 in February of 2013.
- Days on market in Wayland is up by 138.5%.
| Changes Favoring Buyers | ||
| February, 2014 | % Chg From Feb, 2013 | |
| Unit Sales | 22 | -15.4% |
| Listings Under Contract | 29 | -40.8% |
| Changes Favoring Sellers | ||
| February, 2014 | % Chg From Feb, 2013 | |
| Median Sale Price | $910,000 | 7.1% |
| Sales to List Price Ratio | 97.6% | 0.8% |
| Inventory | 106 | -12.4% |
| Months of Supply | 2.0 | -14.6% |
| Market Time (Days) | 52 | -50.0% |
| Price per Sq Ft for Sold | $393 | 12.9% |
| New Listings | 47 | -31.9% |
Monthly changes may not accurately reflect long-term trends. Click here to see longer-term averages
Sales
There were 22 unit sales in February. This is down 15.4% from 26 in February of 2013. This is the lowest unit sales have been since 20 in January, 2013. Sales/list price ratio in February moved down to 97.6% from 97.7% in January.
Prices
Median price in February was $910,000. This is up 7.1% from $850,000 in February of 2013. 3-month median price of $949,500 in February was down a little from $997,500 in January but up modestly from $819,000 in February of 2013.
Inventory
Inventory of 106 in February was up 14.0% from 93 in January but down 12.4% from 121 in February of 2013. New listings of 47 in February were up just slightly from 46 in January but down somewhat from 69 in February of 2013. Months of supply of 2 in February was up a little from 1.7 in January but down modestly from 2.3 in February of 2013.
Market Time
Days on market of 52 in February was down somewhat from 71 in January and down considerably from 104 in February of 2013.
| Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Middlesex County Ranked by Best Performance | |
| Town | % Change |
| Holliston | 60.37% |
| Acton | 50.37% |
| Westford | 39.13% |
| Natick | 38.38% |
| Lexington | 34.94% |
| North Reading | 34.85% |
| Concord | 21.94% |
| Wayland | 21.77% |
| Weston | 18.29% |
| Newton | 13.82% |
| Data From: MLSPIN Towns with an average of at least 10 sales per month (maximum of 10 towns) |
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| Newton, MA Information |  |
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| Local Housing Data | Community | Maps |
If you’d like to see more statistics or view data on other Massachusetts towns, contact me by clicking the “Contact Susan Mammola” tab or Email me directly at Susan.Mammola@Raveis.com.
Susan Mammola Newton Real Estate 