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Needham, Newton, Wellesley weekly real estate update: Whew! What a week!

April 27, 2012

This week in Needham, Newton, and Wellesley over 90 million dollars worth of real estate came on the market and over 88 million dollars went under agreement.  That all adds up to a very busy week for realtors in the area and the corresponding inspectors, bankers, and attorneys.  Newton jumped back up this week with over 50 new listings and almost 50 going under agreement.  After having a lot of new listings in Needham last week, it was another strong week for new listings but the number of under agreement listings set a 2 year record at 26.  Bear in mind that Newton is 3 times the size of Needham so that would be the equivalent of about 75 Newton homes going under agreement and Newton has only gone over 50 once in the last two years.  Wellesley continued to bump along this week with seasonably appropriate numbers.

Needham => 21 new home / condo listings, 26 under agreement, 180 on the market.

Newton => 51 new home / condo listings, 48 under agreement, 362 on the market.

Wellesley => 18 new home / condo listings15 under agreement175 on the market.

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Have a great weekend,

Bill Paulson
Prudential Advantage Real Estate

Under agreement homes and condos in Needham, Newton, and Wellesley by weekNew home and condo listings in Needham, Newton, and Wellesley by weekHomes and condos on the market in Needham, Newton, and Wellesley by week

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