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Newton MA Single Family Market Report Jan 2020

Newton MA Single Family Market Report Jan 2020. From the MLSPIN system I gather these statistics, they are a snapshot of all that is going on with Newton MA single family real estate market has been up to. There were 155 properties in the market during this time.

Single Family New Listings: 6 Median Liv. Area SqFt: 3,961 Median List $: $1,597,500 Median List $/SqFt: $417 Median DOM: 1.5

Single Family Active Listings: 60 Median Liv. Area SqFt: 3,880 Median List $: $1,849,500 Median List $/SqFt: $475 Median DOM: 111.5

Single Family Price Change Listings: 1 Median Liv. Area SqFt: 4,500 Median List $: $2,425,888 Median List $/SqFt: $539 Median DOM: 117

This is a lot of active homes, price changes traditionally happen after the first month.

Single Family Contingent Listings: 11 Median Liv. Area SqFt: 3,242 Median List $: $1,495,000 Median List $/SqFt: $440 Median DOM: 14 Median DTO: 11

Single Family Under Agreement Listings: 25 Median Liv. Area SqFt: 2,352 Median List $: $1,050,000 Median List $/SqFt: $436 Median DOM: 21 Median DTO: 7

These properties above that are contingent and UAG are next months sales. Notice the days on market is very small. Good houses sold at a reasonable price go quickly. If your house is hanging on the market without offers, either your price is not attractive, or your agent is doing a poor job and getting the right people to see the property.

Single Family Sold Listings: 30 Median Liv. Area SqFt: 2863.5 Median List $: $1,294,000 Median List $/SqFt: $447 Median DOM: 52 Median DTO: 41.5 Median Sale $: $1,232,500 Median Sale $/SqFt: $434

Single Family Temporarily Withdrawn Listings: 4 Median Liv. Area SqFt: 3,127 Median List $: $1,377,000 Median List $/SqFt: $434 Median DOM: 101

Single Family Expired Listings: 12 Median Liv. Area SqFt: 3,857 Median List $: $1,672,000 Median List $/SqFt: $445 Median DOM: 74

Single Family Canceled Listings: 6 Median Liv. Area SqFt: 2,085 Median List $: $870,000 Median List $/SqFt: $397 Median DOM: 85.5

We are in a Seller’s Market with not enough inventory. If someone wants to sell at the market rate they can do so, asking the informed public to pay more than the comps is not a winning strategy. This has been the Newton MA Single Family Market Report Jan 2020