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

Click here to search for homes in Newton, MA

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.