NEWTON, MA : MARKET DATA THROUGH APRIL

Posted on by thewalshteam

April Headlines

Newton
  • 3-month median price is up 26.8% to $1,191,568.
  • Months of supply in April was 3.8. This is up 22.5% from 3.1 in April of 2014.
  • Year-to-Date new listings are down by 12.6%.
Nearby Areas You May Be Interested In
  • Days on market in Needham is up 276.9% to 98.
  • Months of supply in Winchester in April was 4.4. This is up 109.1% from 2.1 in April of 2014.
  • Inventory in Winchester is up by 71.8%
Changes Favoring Buyers
3 Months Ending April, 2015 % Chg From Apr, 2014
Unit Sales 82 -10.9%
Months of Supply 2.8 8.2%
Market Time (Days) 84 33.3%
Sales to List Price Ratio 98.0% -0.5%
Listings Under Contract 133 -20.4%
 Changes Favoring Sellers
3 Months Ending April, 2015 % Chg From Apr, 2014
Median Sale Price $1,191,568 26.8%
Inventory 134 -2.2%
Price per Sq Ft for Sold $400 7.7%
New Listings 246 -12.1%

Sales

There were 27 unit sales in April. This is down 27.0% from 37 in April of 2014. This is the lowest unit sales have been since 22 in February, 2014. Sales/list price ratio in April moved down to 98.6% from 99.1% in March.

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Prices

Median price in April was $1,200,000. This is up 12.9% from $1,062,500 in April of 2014. 3-month median price of $1,191,568 in April was very slightly up from $1,145,000 in March and up somewhat from $940,000 in April of 2014. Price per square foot in April was $402. This is up from $394 in March and up from $375 in April of 2014.

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Inventory

Inventory of 184 in April was up 48.4% from 124 in March and up 9.5% from 168 in April of 2014. New listings of 128 in April were up substantially from 90 in March and very slightly up from 122 in April of 2014. Months of supply of 3.8 in April was way up from 2.5 in March and up moderately from 3.1 in April of 2014. This is the highest months of supply has been since October, 2014.

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Market Time

Days on market of 94 in April was up a little from 81 in March and way up from 62 in April of 2014. This is the highest days on market has been since February, 2013.

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Change in Median Sale Price for Single Family Properties YTD From 2014 To 2015 for Towns in Middlesex County Ranked by Best Performance
Town % Change
Cambridge 38.46%
Newton 24.92%
Stoneham 21.81%
Lowell 14.80%
Malden 14.72%
Hopkinton 13.40%
Wilmington 13.33%
Woburn 13.00%
Melrose 12.05%
Billerica 10.71%

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