Did the Waltham real estate market do well in March or what? By mid March homes started come on the market and to date are still showing up every day. Let's take a look at the numbers as reported in MLSPIN.
As of today there are 96 single family homes currently listed. On March 9th there were 81. Just buy looking at this you can see inventory is rising but are they selling? Yes they are! In march 35 homes went Under Agreement (UAG) and out of the those 2 have already Sold and 4 other homes have came back on the market. The total number of homes SOLD in March were 17, compared to only 9 houses selling in February. The median price range for march was $339,900.
The Waltham multi-family market has really taken a hit. In March 5 multi's have gone under agreement and out of those one has already sold and one come back on the market. In March no multi-family homes sold. Compared to February only 1 multi-family home had sold. As of today there are 35 multi-families on the market.
The condo market has had it's ups and downs. As of today there are 105 condominiums currently listed. On March 9th there were 88. There were 25 units that when Under Agreement and out of those 5 have already sold and one came back on the market. In March 18 condominiums sold with a median price range of $313,250. In February 12 condominiums sold.
For the past few weeks I have been noticing a lot of price changes. Sellers are paying attention to the market place and their competition, eager to get their home SOLD.
I can't wait to see what April has in store for us.
Kenneth Brown
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