Know Your Market: Watertown, MA Market Statistics (3.12.2009)
By Mark Madden, The Madden Team
(Century 21 Commonwealth)
In an effort to be knowledgebale of our current market, I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham and Brighton. Below are the market statistics in Watertown, MA. I will, typically, be posting the statistics for Watertown on Mondays. Lets start with Single Family Homes! The average days on market for single family homes has dropped from 110 days at this time last year to 72 days on market for homes that have sold. That is a great sign that there is buyer activity out there and that the low inventory and low prices are driving quicker sales. WHO CAN SELL IN A DOWN MARKET? It's Perspective Time: Now, let's tackle the condominium market. We have buyer activity out there because there has been 18 condominium home sales this year and there are 14 mo...
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