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Newton Real Estate 6 Month Review

Looking at the sales for the past 6 months, I are happy to see an increase in number of sales as well as average sale price. This is good news. Of course, much of this can be attributed to the spring market and the Federal tax incentive program. We may see some wavering in the recovery when summer sales are reflected. Still let’s take the optimistic route and visualize an chart with the lines climbing up.

Newton Single Families
Number of Properties Average Price Median Price Days on Market
Active Listings July 1, 2010 222 $1,256,766 $949,000 96
July 1, 2009 227 $1,204,032 $899,000 94
Pending Sales Jan-June 2010 319 $1,013,972 $759,000
Jan-June 2009 314 $931,320 $699,000
Solds Jan-June 2010 254 $854,694 $722,628 70
Jan-June 2009 189 $804,396 $708,000 79
Newton Condominiums
Number of Properties Average Price Median Price Days on Market
Active Listings July 1, 2010 163 $525,477 $429,000 112
July 1, 2009 188 $551,641 $474,000 116
Pending Sales Jan-June 2010 169 $514,646 $414,500
Jan-June 2009 139 $515,963 $404,450
Solds Jan-June 2010 137 $462,409 $405,000 134
Jan-June 2009 93 $450,690 $390,000 92