Newton MA housing market update from April 2014. What is going on in the hot Newton MA market for single family houses? Learn the current trend in the market and where it is likely to go. Prices have changed dramatically in the past few years, learn by how much, and what is the driving the prices. And if you are thinking of selling your home, learn how long it will take, depending on the price bracket for your house. You may be surprised to to see how some houses fly off the Newton MA market, but others languish.

1. Newton MAHousing Market Update
April 2014

2. Newton Single Family Market
o How prices have changed
in Newton?
o What drives the changes
in Prices?
o Which homes buyers buy
the most?
o How long will it take to sell
a house?
o What is the
overall trend,
and will it last?

3. Comparing year-over-year because real estate is seasonal.
Sold Homes in March 2010-2014

4. Median Home Prices since 2008
Median prices of houses on market in Newton Center

5. What’s On Market?
1
1
2
5
8
8
19
22
13
8
10
2
1
$450,000 - $499,999
$500,000 - $599,999
$600,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,499,999
$1,500,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,999,999
$4,000,000 - $4,999,999
$5,000,000 - $9,999,999
Newton Single Family Houses on Market
54 Houses are priced between $1,000,000 to $2,499,999

6. Pending Home Sales
2
2
13
9
15
10
15
35
18
5
4
4
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $599,999
$600,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,499,999
$1,500,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,999,999
Newton Single Family Houses Pending Sales
132 Houses Pending Sale, 68 of them priced $900,000 to $1,999,999

7. Absorption Rate
The
absorption
rate
measures
how long it
will take
current
inventory to
sell if no new
inventory
came on
market.
1.00
0.38 0.86 1.36
2.40
1.71
3.56
4.71
7.80
24.00
15.00
Newton Houses Absorption Rates by Price

8. Newton CTR Market Action Index
Above 30, it’s a seller’s market, and below 30 is a buyers’ market

9. Inventory of Houses in Newton CTR
What drives the market? Supply and demand, and suppliers
decide whether they sell or not
Turnaround
in sight?

10. (617) 807 - 0471
Ruth.Lerner@raveis.com
RuthMalkinLerner.com
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