For those of you who love market stats, here’s the June 2019 Curlett Report for Weston MA Real Estate.
June 2019 began with 120 active* properties on the market. During the course of the next 30 days, 19 new** listings came on the market, and 14 properties went pending** (Contingent or Under Agreement). We ended the month with 116 listings, an average list price of $3,205,900, and an average days on market (DOM) of 128.
Looking back a year, June 2018 began with 86 active* properties on the market. During the course of the month, 18 new** listings came on the market, and 18 properties went pending**. We ended the month with 83 listings, an average list price of $3,702,404, and an average DOM of 156.
To summarize a few key points:
As has been the case since March, our inventory this June was up from last year’s at both the start and the end of the month. We started June 2019 with an inventory that was up 40% from June 2018 and finished the month up 40% as well.
In June 2019, we netted out the month with a 3% decrease in inventory (120 to 116 properties), and in June 2018, there was also a 3% decrease in inventory (86 to 83 listings). These percentage decreases are typical for June as the Spring market starts to wind down and the summer season sets in.
Our average list price was down 13% at the end of this June vs. last ($3,205,900 vs. $3,702,404). The average DOM was also down 18% this June vs. last (128 vs. 156 days). This is a positive indicator as it means properties were on the market for fewer days.
This year we had more new but less pending activity in June as compared to last year. In June 2019, there were 19 new and 14 pending properties, whereas in June 2018, there were 18 new and 18 pending properties. So the number of new listings was up 6% and pendings were down 22% this year from last. In June 2019 and 2018, the majority of the new and pending properties were priced below $2M. And 3 of the 19 new listings that came on in June 2019 also went pending.
The Weston market has always had a high percentage of its inventory priced above $3M. In fact, historically these high-end listings (above $3M) account for 40% or more of the inventory. In June 2019 and 2018, those figures were approximately 40% (39.66% in June 2019, and 39.76% in June 2018, to be exact 😉).
Click here to see all of the details of the new, pending and remaining activity in June 2019 and 2018.
For more information about the real estate market in Weston, Wellesley, Wayland and the surrounding towns or if you are considering buying or selling your home, please contact me, Lisa Curlett (lisacurlett.com, 781-267-2844 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.