Waltham, Massachusetts Condominium Market Stats April 2011

By
Real Estate Agent with Century 21 Shawmut Properties

Waltham Massachusetts - Condos - April 2011

Market Statistics

Waltham Condominiums For Sale

  • There are currently 100 condos for sale in Waltham, Ma. (An increase of 8.7%.)
  • The average list price for these condos is $299,947. (An increase of 0.2%.)
  • These condos have been on the market for an average of 87.76 days. (An increase of 7.9%.)

Waltham Condominiums Under Agreement

  • There are currently 27 condos under agreement to be sold in Waltham, Ma. (A decrease of 20.6%.)
  • The average list price for these condos is $327,721. (A decrease of 0.5%.)
  • These condos have been on the market for an average of 66.00 days. (A decrease of 27.0%.)

Waltham Condominiums Sold

  • 17 condos sold this month in Waltham, Ma. (An increase of 41.7%.)
  • The average sale price for these condos was $303,588. (A decrease of 8.8%.)
  • These condos were on the market for an average of 128.65 days. (An increase of 2.0%.)

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.
Time Frame 12 Months 6 Months 3 Months 1 Month
Waltham Condominiums Sold 191 72 41 17
Average Days on Market 97.55 117.32 121.88 128.65
Average Sales Price $312,357 $297,671 $299,715 $303,588
Average Condominium Sales Per Month 15.92 12.00 13.67 17.00
Months Supply on Market 6.28 8.33 7.32 5.88
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Rainer
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John Saari
"The Mortgage Buddy"

Fantastic local post Bob. It's nice to see the 128 belt getting some movement. Good luck.

May 05, 2011 09:05 PM
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Rainer
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Bob Tanski

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