WESTON, MA : MARKET DATA THROUGH APRIL

April Headlines

Weston
  • Median price is down by 28.5%.
  • 3-month days on market is up 86.7% to 168.
  • Unit sales in April were 4. This is down 60.0% from 10 in April of 2014.
Nearby Areas You May Be Interested In
  • Unit sales in Wellesley are down 40.9% to 13.
  • Median price in Wellesley in April was $1,189,000. This is down 22.7% from $1,538,800 in April of 2014.
  • Unit sales in Dover are down by 60.0%.
Changes Favoring Buyers
3 Months Ending April, 2015 % Chg From Apr, 2014
Median Sale Price $1,192,500 -18.0%
Market Time (Days) 168 86.7%
Sales to List Price Ratio 94.6% -1.8%
Listings Under Contract 29 -27.5%
Changes Favoring Sellers
3 Months Ending April, 2015 % Chg From Apr, 2014
Unit Sales 24 9.1%
Inventory 81 -9.0%
Months of Supply 6.2 -6.4%
Price per Sq Ft for Sold $378 1.4%
New Listings 88 -11.1%

Sales

There were 4 unit sales in April. This is down 60.0% from 10 in April of 2014. Sales/list price ratio in April moved down to 94.1% from 96.6% in March.

chart

Prices

Median price in April was $1,107,500. This is down 28.5% from $1,550,000 in April of 2014. This is the lowest median price has been since November, 2014. 3-month median price this month is $1,192,500, the same as last month. Price per square foot in April was $353. This is down from $372 in March and down from $414 in April of 2014.

chart

Inventory

Inventory of 104 in April was up 30.0% from 80 in March but down 1.9% from 106 in April of 2014. New listings in April were 42, unchanged from the same month last year. Months of supply of 8.2 in April was up considerably from 6.1 in March and up slightly from 7.8 in April of 2014. This is the highest months of supply has been since September, 2014.

chart

Market Time

Days on market of 210 in April was up substantially from 136 in March and up considerably from 66 in April of 2014. This is the highest days on market has been since November, 2012.

chart

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%

 

Advertisements