As expected, the sellers came back from their Labor Day long weekend and put their homes on the market this week to take full advantage of the fall market.  The buyers were somewhat slow to catch up but I expect we will see them arrive next week signaled by a jump in under agreement listings. 

Newton => 45 new home / condo listings, 13 under agreement, 338 on the market - The 45 new listings was the 7th largest number this year.  The last time we saw a number this high was back in June toward the end of the spring market.  11 of the new listings have an asking price of over $1m.

Needham => 12 new home / condo listings, 6 under agreement, 158 on the market - Needham had the weakest jump of the three towns but it was almost the same as this week last year.  The list price of the new listings ranges from the high $300k range to up over $1.5m.  This week, after 449 days, 16 Country Way went under agreement with a final list price of $2,299,000.  It is expected to close on 9/30 and it will be interesting to see what it sold for.

Wellesley => 18 new home / condo listings, 7 under agreement, 176 on the market - Wellesley's number of new listings this week was tied for the 5th largest number this year.  Of the 18 new listings (which started in the high $300k range), there were 7 with asking prices over $1m and 6 with asking prices over $1.5m.  Wellesley continues to sell very high end homes at a much higher percentage than Newton and Needham.

The fall market is off to a great start.  I have had good activity on my new listing at 110 Country Way (OH tomorrow 2pm to 4pm).  If you are considering listing your home, or if you are looking to purchase a new home, give me a call today so you can take advantage of the fall market.  My cell number is 781-929-2453 and much to my family's dismay, it is always on.

Have a great week!

Bill Paulson
Prudential Advantage Real Estate
781-929-2453
bill@billpaulson.com
http://www.billpaulson.com
http://blog.billpaulson.com
http://www.facebook.com/conciergerealtor