Condo Home Market Report For Belmont MA 2017 2nd Quarter

Market reports can give you a sense of a local market. They may change monthly, so it is useful to stay up to date if you are contemplating selling or buying in Belmont. The condo home market report for Belmont MA 2017 2nd quarter below details updated figures.

Belmont MA condo Property Prices

Selling prices give a general idea of what is going on in the market. Condo homes in Belmont MA had an average selling price of $637,750 during 2nd quarter 2017. During the same time period the previous year, the average selling price was $601,413. This is a 6.04 % difference. Before that, the average was $563,168.

2017 $637,750
2016 $601,413
2015 $563,168

Activity in the Belmont MA Market

Listing volume can tell you a few things about the market. Low numbers usually result from reduced inventory, which may create pent up demand and increase in home prices. This is typically present in a sellers market. On the other hand, a lot of inventory may result in a surplus. Home buyers will receive the upper-hand in that scenario as sellers must vie for limited buyers.

In Belmont MA during the 2nd quarter 2017, the listing volume was 20. This represents a -28.57% change from the preceding year (which was 28). In the year before that, it adjusted -20% from 35 to 28.

2017 20
2016 28
2015 35

Belmont MA 2017 2nd Quarter Average Days On Market

Average days on marketdetails how long it requires for a house to go under contract. It will you give an indication of how active the market is and what advantage you might have as a buyer or seller. When inventory is selling in fewer days, as a home buyer, you might not have the luxury of waiting very long before deciding as the house might be snatched up by another party. When looking to sell a house, it is important to set proper expectations for how fast you can secure an offer. Keep in mind that the price and curb appeal of a certain home will impact that also.

The Average days on market in Belmont MA for the 2nd quarter increased 18.92% from 37 to 44. In the time frame previous to that, it changed 8.82% from 34 to 37.

2017 44
2016 37
2015 34

 

Condo Home Market Report For Belmont MA 2017 2nd Quarter

For more condo home market report for Belmont MA 2017 2nd quarter or statistics for nearby neighborhoods, contact Bill Kuhlman at at Kuhlman Residential This information was obtained from the Massachusetts MLS Property Information Network, Inc. It is meant to offer a general understanding of the market, is not certified, and might not account for each condo sold in Belmont.