Westwood, MA 02090 Single Family Housing Report September 2017. The MLSPIN shows this morning that there are 74 listings on the market. 38 Active listings, 15 houses under agreement, 17 sold, and 4 house either expired on canceled. This is a very good and active market. By these numbers it would show as a Seller’s market because there is less than 6 months of inventory, but that is not the whole story. The statistics are never the whole story with real estate. All real estate is local. How does your house, in your neighborhood, at your price compared to the others in the same situation. Since it is people buying the home and no people are the same, then their needs, wants and desires are differing.
As a Seller you need to pay attention to what is going on in the market in real time in your area. Your professional Realtor® can help you understand what the sales mean for your house. Pricing is both a Science and an Art. The Science part is the statistics, the Art part is understanding what that means. Here is what the MLS shows in the Boston Area.
Single Family Active Listings: 38 Avg. Liv.Area SqFt: 4,660.00 Avg. List$: $1,568,053 Avg. List$/SqFt: $341 Avg. DOM: 114.29
Single Family Under Agreement Listings: 15 Avg. Liv.Area SqFt: 2,988.20 Avg. List$: $897,847 Avg. List$/SqFt: $331 Avg. DOM: 77.73 Avg. DTO: 58.87
Single Family Sold Listings: 17 Avg. Liv.Area SqFt: 2,499.53 Avg. List$: $866,041 Avg. List$/SqFt: $369 Avg. DOM: 33.53 Avg. DTO: 24.41 Avg. Sale$: $837,765 Avg. Sale$/SqFt: $363
With 17 listings sold and 38 on the market now that indicates that there is only a little over 2 months of inventory and that is definitely a Seller’s market, but you must be in the right price point. When you are, like 34 Briarwood Dr, Westwood, MA 02090 you are well below the average price per square foot price of the homes that just sold. This becomes a steal for the buyer.
Westwood, MA 02090 Single Family Housing Report September 2017