February is now upon us and it’s time to report on the real estate market conditions in Waltham, MA.

 

January showed a decline in sales across the board. There were only twelve sales in the single family market, eleven sales in the condominium market and one sale in the multi-family market (2 – 4 unit buildings). Prices have come down a bit, but that’s not unusual for this time of year. Inventory has decreased and I attribute that to the weather. I mean really, if your not in a rush to sell, why do it in this weather.

 

We’ll have to see what February brings us. I have a feeling the listing inventory will drop a little more. Potential seller will be slow to place their home on the market for a number of weather related reasons, but some are in the midst of fixing water damage to their home due to ice damming.

 

For the people out there thinking of buying and selling I have three words, GO FOR IT! for all you buyers, in this present market, some sellers are more willing to negotiate, especially if their homes have been on the market for while. If you thinking of selling your home keep this in mind, the listing inventory needs a boost. There are a lot of buyers who have seen the entire inventory in their particular price range. Any new listing will attract a LOT of attention. Remember to properly price your home.If you need help doing that Let me HELP, and click on the Free Market Analysis.

 

I invite you to look at the market data yourself. So please feel free to download it.

 

Tags: Waltham Ma , real estate reprot , Feburary , report

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