WAYLAND, MA : MARKET DATA THROUGH APRIL

April Headlines

Wayland
  • 3-month unit sales are up 68.8% to 27.
  • Months of supply in April was 6.1. This is up 61.3% from 3.8 in April of 2014.
  • New listings are up by 62.5%.
Nearby Areas You May Be Interested In
  • Unit sales in Medfield in April were 19. This is up 90.0% from 10 in April of 2014.
  • Days on market in Westwood is up by 393.3%.
  • Months of supply in Bedford is up 92.4% to 4.5.
Changes Favoring Buyers
3 Months Ending April, 2015 % Chg From Apr, 2014
Inventory 50 13.6%
Months of Supply 4.3 42.9%
Market Time (Days) 123 9.8%
Price per Sq Ft for Sold $257 -5.2%
Sales to List Price Ratio 94.5% -4.3%
New Listings 80 19.4%
Changes Favoring Sellers
3 Months Ending April, 2015 % Chg From Apr, 2014
Unit Sales 27 68.8%
Median Sale Price $608,500 2.3%
Listings Under Contract 36 2.9%

Sales

There were 10 unit sales in April. This is up 25.0% from 8 in April of 2014. Sales/list price ratio in April moved down to 94.5% from 95.1% in March.

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Prices

Median price in April was $612,000. This is down 7.0% from $657,938 in April of 2014. 3-month median price of $608,500 in April was up marginally from $585,000 in March and very slightly up from $595,000 in April of 2014. Price per square foot in April was $255. This is down from $257 in March and down from $259 in April of 2014.

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Inventory

Inventory of 72 in April was up 71.4% from 42 in March and up 30.9% from 55 in April of 2014. New listings of 52 in April were up substantially from 21 in March and way up from 32 in April of 2014. Months of supply of 6.1 in April was up considerably from 3.6 in March and up substantially from 3.8 in April of 2014. This is the highest months of supply has been since July, 2012

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Market Time

Days on market of 150 in April was way up from 46 in March and up a little from 130 in April of 2014.

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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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