Metrowest September 2011 Market Update - Natick, Wellesley, and Newton

The fall housing market is well underway! Here are the key facts, with comparisons from last month, for Natick, Wellesley, and Newton:

In Natick, there are currently 85 single family homes on the market for an average list price of $599,000. 26 homes have sold in Natick in the past month for an average of $488,500 (up 7% from last month) after 69 days on the market (faster than an average of 95 days last month).

In Wellesley, there are currently 146 single family homes on the market for an average list price of $1,751,000. 16 homes have sold in Wellesley in the past month for an average of $1,170,000 (down 14% from last month) after 99 days on the market (faster than an average of 126 days last month).

In Newton, there are currently 193 single family homes on the market for an average list price of $1,188,000. 52 homes have sold in Newton in the past month for an average of $893,000 (down 2% from last month) after 80 days on the market (slower than an average of 70 days last month).

Natick & Wellesley July Market Snapshot

In Natick, there are currently 92 active single family homes on the market for an average list price of $593,000, having been on the market for an average of 108 days.
There are 43 homes under agreement, with an average list price of $498,000. These homes were on the market for an average of 69 days.
In the past month, 40 homes sold for an average of $500,000 (list prices averaging $517,000), after 65 days on the market.

In Wellesley, there are currently 142 active single family homes on the market for an average list price of $1,804,000, having been on the market for an average of 146 days.
There are 52 homes under agreement, with an average list price of $1,431,000. These homes were on the market for an average of 99 days.
In the past month, 40 homes sold for an average of $1,317,000 (list prices averaging $1,399,000), after 152 days on the market.

Sale prices in both towns are up from last month. See last month's market update to compare other data: 
http://torykeithrealestate.blogspot.com/2011/06/metrowest-market-snapshot-61911.html



http://www.realestateclipart.com/