Newton MA Real Estate Update: April 2014
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Newton MA Housing Market Update April 2014
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Newton MA housing market update from April 2014. What is going on in the hot Newton MA market for single family houses? Learn the current trend in the market and where it is likely to go. Prices have changed dramatically in the past few years, learn by how much, and what is the driving the prices. And if you are thinking of selling your home, learn how long it will take, depending on the price bracket for your house. You may be surprised to to see how some houses fly off the Newton MA market, but others languish.
Transcript of Newton MA Real Estate Update: April 2014
Newton MA Housing Market Update
April 2014
Newton Single Family Market
o How prices have changed in Newton?
o What drives the changes in Prices?
o Which homes buyers buy the most?
o How long will it take to sell a house?
o What is the overall trend, and will it last?
Comparing year-over-year because real estate is seasonal.
Sold Homes in March 2010-2014
Median Home Prices since 2008 Median prices of houses on market in Newton Center
What’s On Market?
1
1
2
5
8
8
19
22
13
8
10
2
1
$450,000 - $499,999
$500,000 - $599,999
$600,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,499,999
$1,500,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,999,999
$4,000,000 - $4,999,999
$5,000,000 - $9,999,999
Newton Single Family Houses on Market
54 Houses are priced between $1,000,000 to $2,499,999
Pending Home Sales
2
2
13
9
15
10
15
35
18
5
4
4
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $599,999
$600,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,499,999
$1,500,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,999,999
Newton Single Family Houses Pending Sales
132 Houses Pending Sale, 68 of them priced $900,000 to $1,999,999
Absorption Rate The
absorption rate
measures how long it
will take current
inventory to sell if no new
inventory came on market.
1.00 0.38 0.86
1.36 2.40
1.71
3.56 4.71
7.80
24.00
15.00
Newton Houses Absorption Rates by Price
Newton CTR Market Action Index Above 30, it’s a seller’s market, and below 30 is a buyers’ market
Inventory of Houses in Newton CTR What drives the market? Supply and demand, and suppliers
decide whether they sell or not
Turnaround
in sight?
(617) 807 - 0471
RuthMalkinLerner.com
Thank You for Watching
