Going into Labor Day weekend, the sellers were not putting their homes on the market this week because they didn't want their first weekend to be the holiday weekend.  For the second week in a row there wasn't a broker's caravan this week in Needham.  Part of that was because of the limited number of new listings.  Part of it was because the brokers are on vacation.  Next week however, I expect we will see a big jump in new listings like we did last year.  Here are the numbers for this week:

Newton => 6 new home / condo listings, 16 under agreement, 316 on the market - Considering the size of Newton, 6 new listings is a really small number.  Last time we had this few homes on the market in Newton was in March when the inventory was on its spring climb.  The lowest number of home / condo listings on the market recently was Jan 1st when it was 185.

Needham => 4 new home / condo listings, 9 under agreement, 150 on the market - This was the lowest number of new listings since the last week in December.  Under agreement listings though are holding their own.  The result is a decreasing inventory but that should change starting next week when the fall market gets underway.

Wellesley => 2 new home / condo listings, 11 under agreement, 163 on the market - Under agreement listings in Wellesley have been quietly on a climb for the past 5 weeks.  From 5 per week at the end of July to 11 this week, Wellesley buyers have been doing their part to keep things moving.

Now's the time to list your home to take advantage of the fall market!  Give me a call today to discuss your home and its value in today's market.  My cell number is 781-929-2453 and it is always on.

I write weekly and monthly stats regularly.  If you find this information interesting and helpful, return the favor by spreading the word.  The more people that read my real estate market reports, the more people that are going to call me to help them with their real estate needs.  I really appreciate your referrals.

Have a great Labor Day weekend!

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