Wellesley => 15 new home / condo listings, 17 under agreement, 181 on the market - This week Wellesley had almost as many under agreement homes / condos as Newton even though Newton is three times its size.  Meanwhile, Wellesley had another top-10 number of new listings this week so expect the under agreement listings to continue to be strong again next week.  Don't get too comfortable though, history tells us that this fall market will last only another 2-3 weeks before it starts to trend downward for its long winter's nap.

Newton => 45 new home / condo listings, 20 under agreement, 365 on the market - Meanwhile, Newton again had 45 new listings and the under agreement listings jumped from 13 last week to 20 this week as the buyers digested last week's helping of 45 new listings.  I don't know what to tell you about Newton's future as it has been pretty consistently strong this year but last year after mid-October, things started to slide downhill each week.  You can do it though!  Put your home on the market.  Buy that new home.  We can make a difference!  (whew!  got carried away there for a minute, sorry...)

Needham => 15 new home / condo listings, 8 under agreement, 161 on the market - Last week Needham didn't join the fall market party but it was making up for lost time this week with strong numbers of new listings.  I expect you will see that translate into good under agreement numbers next week.  It is interesting to note that Needham caught up to Wellesley in terms of homes / condos on the market in mid-June and stayed with them through mid-August.  Wellesley has now pulled away again though.  Some of that reflects the lower days on market in Needham (138 days) v Wellesley (203 days) but buyers like to have choices, especially new and interesting choices.

If you would like to know how this information is impacting the value of your home, feel free to give me a call any time for a free market analysis of your home.  If you are looking for a new home or want to sell your current home, give me a call right away.  I will help you to weigh your options based on up-to-the-minute market trends.

Have a great week,

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