market absorption: Is Now the Right Time to Sell? - 12/29/09 04:29 PM
We've heard over and over again "Now is the time to buy", but recently a new client came in to talk about listing their home for sale in the spring.  I asked "why wait until the Spring?" and this started the conversation.  If we are telling our clients that the rate of the market decline (now forcasted to last to Q3 2012) is slowing, but interest rates are creeping up, so it really is a good time to buy - then we need to tell sellers the same so that supply will match demand.
For those of you who regularly read … (2 comments)

market absorption: Wellesley, MA Market Activty Report for May 2009 - 06/08/09 11:28 AM
  
 
As of May 31, 2009, there were 221 single family listings in Wellesley on the Multiple Listing Service (MLSPin).  During May, 49 new single family listings were added to our MLSPin and an additional 8 single family homes were relisted for sale on the MLS, with an average list price of $1,592,167.   
Based on the number of active single family listings versus the number of sales during the month, there is a market absorption rate of 10.0 months.   That is to say, based on the volume of sales during the past month, it will take approximately 301 … (0 comments)

market absorption: Needham and Needham Heights, MA Market Activity Report as of April 30, 2009 - 05/02/09 05:32 PM
 
As of April 30, 2009, there were 125 single family listings in Needham and Needham Heights on the Multiple Listing Service (MLSPin).  During April, 41 new single family listings were added to our MLSPin and an additional 2 single family homes were relisted for sale on the MLS, with an average list price of $956,849.   Market absorption rates have normalized in Needham; meaning that it is neither a buyers nor a seller's market, in general.  However, as with many communities in the Metrowest area, inventories of "luxury homes" are increasing as buyers demonstrate their preference for smaller, more affordable … (0 comments)

market absorption: Natick and South Natick, MA Market Activity Report as of April 30, 2009 - 05/02/09 05:05 PM
 
As of April 30, 2009, there were 128 single family listings in Natick and South Natick on the Multiple Listing Service (MLSPin).  During April, 39 new single family listings were added to our MLSPin, with an average list price of $546,577.   Market absorption rates are moving back to reason, however indicators reflect that it is still very much a buyer's market in Natick. So called "luxury homes" - those with a larger property footprint and price tag - found predominantly in South Natick, are negatively affecting market absorption rates, whereas lower priced homes - perfect for first time homebuyers … (0 comments)

market absorption: Wellesley and Wellesley Hills, MA Market Activity Report as of April 30, 2009 - 05/02/09 01:10 PM
    
As of April 30, 2009, there were 202 single family listings in Wellesley on the Multiple Listing Service (MLSPin).  During April, 57 new single family listings were added to our MLSPin and an additional 8 single family homes were relisted for sale on the MLS, with an average list price of $1,544,698.  I'm not sure if these new listings want to be the first to be sold or the last, but the average new list price is considerably higher than the average sales price for the year to date and compared to last year.  Market absorption rates continue to grow staggering … (0 comments)

market absorption: Dover, Massachusetts Market Update for March 2009 - 04/29/09 05:12 PM
 
As of March 31, 2009, there were 55 single family listings in Dover on the Multiple Listing Service (MLSPin).  During March, 11 new single family listings were added to our MLSPin and an additional 3 single family homes were relisted for sale on the MLS, with an average list price of $2,627,718.   
Based on the number of active single family listings versus the number of sales during the month, there is a market absorption rate of 55 months.   That is to say, based on the volume of sales during the past month, it will take over 4 years … (0 comments)

market absorption: Sherborn, Massachusetts Market Update for March 2009 - 04/29/09 04:41 PM
 
  
As of March 31, 2009, there were 41 single family listings in Sherborn on the Multiple Listing Service (MLSPin).  During March, 10 new single family listings were added to our MLSPin and an additional 2 single family homes were relisted for sale on the MLS, with an average list price of $624,159.   Inventory levels are building and supply is now far exceeding demand - especially in the higher end of the Sherborn market.  Now may be a great time to buy, but if owners don't need to sell, they would be well advised to either hold off for … (0 comments)

market absorption: Newton Massachusetts Market Update for March 2009 - 04/27/09 04:54 PM
 
 
As of March 31, 2009, there were 221 single family listings in Newton on the Multiple Listing Service (MLSPin).  During March, 99 new single family listings were added to our MLSPin and an additional 3 single family homes were relisted for sale on the MLS, with an average list price of $1,103,861.   Inventory levels are building and supply is now far exceeding demand - especially in the higher end of the Newton market.  Now may be a great time to buy, but if Newtonians don't need to sell, they would be well advised to either hold off for … (0 comments)

market absorption: Wayland Massachusetts Market Update for March 2009 - 04/25/09 02:48 PM
 
As of March 31, 2009, there were 79 single family listings in Wayland on the Multiple Listing Service (MLSPin).  During March, 19 new single family listings were added to our MLSPin and an additional 3 single family homes were relisted for sale on the MLS, with an average list price of $886,409.   I wish I knew how to explain what is going on with single family home sales in Wayland.  Home sales are up for the year when compared to 2008, but market absorption and pricing of current inventory is bucking up and screaming for attention.  What appears to … (0 comments)

market absorption: Needham and Needham Heights Massachusetts Market Update for March 2009 - 04/25/09 02:22 PM
 
Monthly market performance:
As of March 31, 2009, there were 100 single family listings in Needham on the Multiple Listing Service (MLSPin).  During March, 36 new single family listings were added to our MLSPin and an additional 6 single family homes were relisted for sale on the MLS, with an average list price of $1,021,073.   While sales year to date are similar to 2008 levels, there needs to be further analysis "behind the numbers" because market absorption tells us a very different story.  42% of the single family listings in Needham are under 30 days old.  This skews the … (0 comments)

market absorption: Natick and South Natick, Massachusetts Market Update for March 2009 - 04/23/09 03:34 PM
   
As of March 31, 2009, there were 110 single family listings in Natick on the Multiple Listing Service (MLSPin).  During March, 53 new single family listings were added to our MLSPin and an additional 3 single family homes were relisted for sale on the MLS, with an average list price of $708,815.   Inventories are growing, with new home listings increasing and year-to-date sales far behind 2008 for the comparable period.  With interest rates so low, it is time for buyers to get off of the fence and start looking at the opportunities out there!  Meanwhile, the area of South … (0 comments)

market absorption: Wellesley and Wellesley Hills Massachusetts Market Update for March 2009 - 04/23/09 11:48 AM
 
 
As of March 31, 2009, there were 181 single family listings in Wellesley on the Multiple Listing Service (MLSPin).  During March, 64 new single family listings were added to our MLSPin and an additional 3 single family homes were relisted for sale on the MLS, with an average list price of $1,399,617.   Home sales are less than half of what they were year-to-date last year.  Certainly the weather has partly been to blame, as we have had our share of snow and cold.  Interest rates on jumbo loan financing certainly aren't where the rest of the (conforming) loan market … (0 comments)

market absorption: February Single Family Home Sales and Market Update For Wellesley, MA - 03/03/09 04:22 PM
 
  
As of February 28, 2009, there were 142 single family listings in Wellesley on the Multiple Listing Service (MLSPin).  With spring hardly upon us, there has been a 33% addition to the single family home inventory during the past month.   Unfortunately, the market statistics, including sales, listings under agreement and market absorption are all tell-tale signs that now is not a great time to list your home for sale in Wellesley (however it is a great time to buy.)  "Small is the new black" as the Boston Globe was quoted recently.  Wellesley's excess inventory, combined with comparable properties … (1 comments)

market absorption: February Single Family Home Sales and Market Update For Natick, MA - 03/03/09 01:04 PM
  
 
As of February 28, 2009, there were 76 single family listings in Natick on the Multiple Listing Service (MLSPin).  Affordable homes are what are selling in Natick right now and the South Natick market is not holding up for the moment.  The higher end homes in Natick do tend to compete with many of the neighboring communities in the Metrowest area, therefore pricing and marketing are key ingredients to moving homes faster and ahead of the competition.  Inventory levels are rising and market absorption rates are moving in the buyers' favor.  This should be considered by anyone looking … (0 comments)

market absorption: February Single Family Home Sales and Market Update for Needham, MA - 03/03/09 12:06 PM
 
  
As of February 28, 2009, there were 81 single family listings in Needham on the Multiple Listing Service (MLSPin).  As the winter draws to an end and buyers begin to thaw out, Needham is well positioned to continue its upward trend in home sales this year.  However, one must note that there continues to be downward price pressure from consumers and current market absorption rates indicate a buyers' market for the springtime inventory.   During February, 25 new single family listings were added to our MLSPin and an additional 3 single family homes were relisted for sale on … (0 comments)

market absorption: February Single Family Home Sales and Market Update For Weston, MA - 03/03/09 11:51 AM
  
 
As of February 28, 2009, there were 83 single family listings in Weston on the Multiple Listing Service (MLSPin).  Weston continues to be a sought after area to live, but it is interesting to note that what is selling and what has recently been listed (or relisted) are below market averages for the town.  It goes without saying, however that there are a significant amount of properties on the Weston market that are very high-end luxury homes that will likely stay on the market for several months (if not years) before the "right" buyer finds the property.  Aggressive … (0 comments)

market absorption: February Single Family Home Sales and Market Update for Newton, MA - 03/03/09 10:02 AM
 
 
As of February 28, 2009, there were 169 single family listings in Newton on the Multiple Listing Service (MLSPin).  Home sales year to date have been sluggish, compared to the same two month period in 2008.  A harsh winter has been partly to blame, but buyers still control the market.  It is interesting to note the trend that more affordable homes continue to sell and go under agreement, while buyers are turning their backs on luxury properties and neighborhoods with home prices beyond their reach.  Due to the uncertainty in the financial markets with jumbo loan financing, it … (0 comments)

market absorption: February Single Family Home Sales and Market Update for Wayland, MA - 03/03/09 09:38 AM
  
 
As of February 28, 2009, there were 69 single family listings in Wayland on the Multiple Listing Service (MLSPin).  Although it is encouraging to see that home sales for the first two months of 2009 are 2 ½ times greater than the same period last year, and despite the cold and snowy winter that we have had, what has been selling is far below the average list price for single family homes currently on the market.  This is due in part to an increased number of short sales and foreclosure sales in Wayland.  However, growing inventory levels and … (0 comments)

market absorption: Sherborn, Massachusetts Market Report for December 31, 2008 - A Look Behind the Numbers - 01/06/09 11:43 AM
 
As of December 31, 2008, there were 30 single family listings in Sherborn on the Multiple Listing Service (MLSPin).   Year to date sales figures show a 13.0% decline in modest sales volume, although sales prices have increased by 20.73% compared to 2007. Based on current market absorption rates (see below), the market for single family homes in Sherborn appears to be "balanced."  In other words, market supply and demand are in balance, such that it is neither a buyers' nor a sellers' market.  However, some of the inventory currently available has been sitting idle for over nine months are … (1 comments)

market absorption: Dover, Massachusetts Market Report As of December 31, 2008 - A Look Behind the Numbers - 01/06/09 10:54 AM
 
As of December 31, 2008, there were 37 single family listings in Dover on the Multiple Listing Service (MLSPin).   Year to date sales figures show a 12.9% decline in sales volume and average sales prices are reflect a modest decrease of 5.0% compared to 2007. Based on current market absorption rates (see below), the market for single family homes in Dover appears to be "balanced."  In other words, market supply and demand are in balance, such that it is neither a buyers' nor a sellers' market.  However, some of the inventory currently available has been sitting idle for over … (0 comments)

 
Martin Kalisker, Weichert, REALTORS - Synergy: MA Real Estate & Mor (WEICHERT, REALTORS® - Synergy) Rainmaker large

Martin Kalisker

Weichert, REALTORS - Synergy: MA Real Estate & Mor

Brookline, MA

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WEICHERT, REALTORS® - Synergy

Address: 2 Summit Avenue, Brookline, MA, 02446

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