Weston, Massachusetts Condominium Market Stats September ...

by Bob Tanski on October 7, 2011

Weston Massachusetts ? Condos ? September 2011

Market Statistics

Weston Condominiums For Sale

• There are currently 18 condos currently for sale in Weston Ma.(A decrease of 5.26%.)
• The average list price for these condos is $1,198,211.(An increase of 3.21%.)
• These condos have been on the market for an average of 349.00 days.(An increase of 14.86%.)

Weston Condominiums Under Agreement

• There are currently 2 condos under agreement to be sold in Weston, Ma.(Flat month-to-month.)
• The average list price for these condos is $1,097,300.(An increase of 6.53%.)
• These condos have been on the market for an average of 124.00 days.(An increase of 2.90%.)

Weston Condominiums Sold

• 1 condos sold during this month in Weston, Ma. (A decrease of 50.00%.)
• The average sale price for these condos was $307,000. ( A decrease of 71.27%.)
• These condos were on the market for an average of 38.00 days. ( A decrease of 67.10%.)

Absorption Rate

Absorption Rate is the ability of the real estate market to sell all of the houses currently for sale in a given amount of time. For example if there were currently 100 houses on the market and the houses were selling at a rate of 20 houses per month, there would be a five month supply of homes on the market. We can use this number to help determine what type of market we are in.

• When there is less than a 5 months supply of homes on the market this is considered a Seller?s Market.
• When there is more than a 7 months supply of homes on the market this is considered a Buyer?s Market.
• When there is between a 5 and 7 months supply of homes on the market this is considered a Balanced Market.

Time Frame	12 Months	6 Months	3 Months	1 Month
Weston Condominiums Sold	15	9	6	1
Average Days on Market	226.93	162.22	144.33	38.00
Average Sales Price	$1,287,996	$1,107,945	$1,268,168	$307,000
Average Conds Sales Per Month	1.25	1.50	2.00	1.00
Months Supply on Market	14.40	12.00	9.00	18.00

Related posts:

1. Weston, Massachusetts Condominium Market Stats August 2011
2. Weston, Massachusetts Condominium Market Stats June 2011
3. Weston, Massachusetts Condominium Market Stats May 2011
4. Weston, Massachusetts Condominium Market Stats July 2011
5. Weston, Massachusetts Condominium Market Stats April 2011

Source: http://thenewtonrealestateguy.com/2011/10/07/weston-massachusetts-condominium-market-stats-september-2011/

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