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Needham Real Estate Update: 19% Increase in Property Sales

Needham Real Estate

 

It may surprise you to hear that 2012 single family home sales in Needham are up 19% with a total of 274 properties sold year to date. Looking at the market today, we currently have minimal inventory of 82 single family homes listed for sale which is a decline of 38% from last October 2011 listings.  The price per square foot is up slightly for new listings with an average list price of $1,368,556. The Selling Price vs List Price is up over last year reaching 96% in October 2012.

We are seeing an abundance of buyers out looking every weekend this fall because they had a new baby; desire a shorter commute; are seeking better schools for their child entering kindergarten. Sellers should capitalize on the trend of limited inventory, which is evidenced by only 36 new listings in October 2012, compared to 42 last month.  

These facts should ignite action from homeowners who have been thinking about when they should sell their home.  Pick a realtor who can help you make this transition before the capital gains taxes go up January 1st, 2013.

Please call me at 508-446-6400 with any questions you may have concerning the article or listing and buying a home.  

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