Newton => 34 new home / condo listings, 29 under agreement, 376 on the market - Even with Washington and Wall Street doing their best to scare people, the Newton real estate market continues to thrive with a very good week of new listings, although not as strong as the same week last year, and a jump in the number of under agreement listings reflecting the large numbers of new listings over the past few weeks.

Needham => 13 new home / condo listings, 8 under agreement, 169 on the market - The number of new and under agreement listings this week are very close to the same week last year.  Interestingly, the homes that went under agreement this year had an average days on market of 169.  I have been seeing about 40% of the under agreement listings showing a days on market of 30 days or less but not so this week.  This may reflect that a good number of the new listings in the past couple weeks were re-lists having been on the market in the past.

Wellesley => 11 new home / condo listings, 9 under agreement, 183 on the market - Both new and under agreement listings went down this week, perhaps influenced by the news out of Wall Street and Washington.  Contrary to Newton and Needham though, 4 out of 9 of the under agreement listings this week had been on the market for 30 days or less.  The big winner though was 92 Hundreds Road which went under agreement after 575 days with a final list price of $3,950,000.  It is expected to close October 7th so we will learn the actual sale price then.

If you would like to know how the current market trends are impacting the value of your home, feel free to give me a call.  You can reach me any time on my cell at 781-929-2453.  If you find this information interesting and helpful, please "Like" the post to share it with your friends.

Have a great week!

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