Newton, MA. January Real Estate Recap

Newton, MA – Single Family Properties

Newton
  • Unit sales are up 75.0% to 35.
  • Median price in January was $1,000,500. This is up 28.9% from $776,250 in January of 2013.
  • 3-month price per square foot is up by 12.6%.
  • More Headlines …
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
January, 2014 % Chg From Jan, 2013
Listings Under Contract 23 -11.5%
Changes Favoring Sellers
January, 2014 % Chg From Jan, 2013
Unit Sales 35 75.0%
Median Sale Price $1,000,500 28.9%
Sales to List Price Ratio 97.6% 0.9%
Inventory 92 -17.1%
Months of Supply 1.7 -19.6%
Market Time (Days) 73 -14.1%
Price per Sq Ft for Sold $368 15.0%
New Listings 46 -4.2%
Monthly changes may not accurately reflect long-term trends. Click here to see longer-term averages


Sales
There were 35 unit sales in January. This is up 75.0% from 20 in January of 2013. Sales/list price ratio in January moved down to 97.6% from 98.1% in December.
Prices
Median price in January was $1,000,500. This is up 28.9% from $776,250 in January of 2013. 3-month median price of $1,000,250 in January was up slightly from $926,000 in December and up considerably from $760,000 in January of 2013.
Inventory
Inventory of 92 in January was up 24.3% from 74 in December but down 17.1% from 111 in January of 2013. New listings of 46 in January were up considerably from 20 in December but down just slightly from 48 in January of 2013. Months of supply of 1.7 in January was up somewhat from 1.4 in December but down a little from 2.1 in January of 2013.
Market Time
Days on market of 73 in January was up substantially from 46 in December but down slightly from 85 in January of 2013. This is the highest days on market has been since February, 2013.
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William Raveis
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