Skip to content

Needham, Newton, Wellesley weekly real estate update: All signs pointing up in Needham

April 20, 2012

This week in Needham, 24 new home and condo listings came on the market.  That number matched the high point for the last 12 months, which was back in March.  Meanwhile the under agreement number was up this week and at 186 homes and condos on the market, the current inventory is the highest in two years.  Interestingly, only one property over $1m was among those that went under agreement this week while only 3 of the 24 new home and condo listings were over $1m.

Meanwhile in Newton, after last week’s huge number of new listings, that number dropped this week from 62 to 35 but the number of under agreement listings was in the 40s for the 6th time this spring vs 2 times at this point last year.  As I have noted in weeks past, the number of homes and condos on the market this year in Newton is far less than last year and the year before.  The number of new listings and under agreement listings, while down, were at or above the numbers from this week the past two years.

Wellesley has had a really active spring but this week all the indicators moved down; less new listings, less under agreement listings, and less inventory.  This may just be reflecting Boston Marathon day (which runs right through Wellesley) and vacation week.  I expect the numbers to bounce back up next week.

Needham => 24 new home / condo listings, 17 under agreement, and 186 on the market

Newton => 35 new home / condo listings, 42 under agreement, and 340 on the market

Wellesley => 13 new homes / condo listings, 16 under agreement, and 169 on the market

With everyone coming back from vacation week, I expect this will be an active week.  If you would like to know how this activity is impacting the value of your home, give me a call and I would be happy to help you understand the value of your home.

To get my “Home of the Day” listings, one interesting new listing from either Needham, Newton, or Wellesley, visit my Facebook page and hit the “Like” button.

Have a great weekend,

Bill Paulson
Prudential Advantage Real Estate
781-929-2453
bill@billpaulson.com
www.facebook.com/conciergerealtor

New home and condo listings in Needham, Newton, and Wellesley by weekUnder agreement home and condo listings in Needham, Newton, and Wellesley by weekHomes and condos on the market in Needham, Newton, and Wellesley by week

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: