For those of you who love market stats, here’s the September 2019 Curlett Report for Weston MA Real Estate.
September 2019 began with 83 active* properties on the market. During the course of the next 30 days, 19 new** listings came on the market, and 13 properties went pending**. We ended the month with 87 listings, an average list price of $3,160,302, and an average days on market (DOM) of 144.
Looking back a year, September 2018 began with 76 active* properties on the market. During the course of the month, 21 new** listings came on the market, and 14 properties went pending**. We ended the month with 80 listings, an average list price of $3,432,056, and an average DOM of 173.
To summarize a few key points:
As has been the case since March, our inventory this September was up from last year’s at both the start and the end of the month. We started and ended September 2019 with an inventory that was up 9% from September 2018.
In September 2019, we netted out the month with a 5% increase in inventory (83 to 87 properties), and in September 2018, there was also a 5% increase in inventory (76 to 80 listings).
Our average list price was down 8% at the end of this September vs. last ($3,160,302 vs. $3,432,056). The average DOM was down 17% this September vs. last (144 vs. 173 days). This is a positive indicator as it means properties were on the market for fewer days.
This September we had less new and pending listings as compared to last year. The number of new listings was down 10% (19 vs. 21) in September 2019 as compared to September 2018, and pendings were down 7% (13 vs. 14) this year from last.
In September 2019 and 2018, the majority of the new and pending properties were priced below $2M. And 2 of the 19 new listings (10%) that came on in September 2019 also went pending.
The Weston market has always had a high percentage of its inventory priced above $3M. In both September 2019 and September 2018, more than 30% of the inventory was above $3M (32% in 2019 and 36% in 2018). Interestingly this number has slipped of late, which is positive because it means the inventory is not as top heavy thus giving buyers more options at a variety of price points.
Click here to see all of the details of the new, pending and remaining activity in September 2019 and 2018.
For more information about the real estate market in Weston, Wellesley, Wayland, Needham, and the surrounding towns or if you are considering buying or selling your home, please contact Beyond Boston Properties (beyondbostonproperties.com, 617-373-7810 or firstname.lastname@example.org) to answer any questions or for a complimentary home appraisal.
* Active properties do not include condominiums, land listings or properties listed multiple ways on MLS.
** New listings do not include those re-listed within 60 days, and pending listings do not include those that were previously reported as pending in the last 60 days but came back on the market because the deal fell through.