Wellesley, Needham, and Natick third quarter year to date results are in!

How do the  MLS single family numbers for the first 9 months of this year compare to the same period last year?

While WELLESLEY has made up some ground from dismal sales earlier this year, sales dollar volume through 9/30/2009 remains down by 32.5% and unit volume is down 20.6% as compared to last year. Inventory levels as of 10/7/2009 in Wellesley have increased a dramatic 48.9% as compared to the same date last year. Wellesley’s median price for this period has fallen 16.8%.

NEEDHAM continues to hold ground for this period with unit volume nearly flat and dollar volume off just 6.4%.  Needham’s median price has slipped a modest 4.4%.

NATICK picked up a little momentum for this period with a 6.95% increase in unit volume and a 7% increase in dollar volume. Natick’s median price has remained stable for this period. With the inventory of single family homes in Natick dropping by 22.4% on 10/7/2009 as compared to 10/7/2008 it appears the supply of homes for sale is not keeping up with demand.

Natick Sellers! This means now may be a good time to sell.  It is possible that a large inflow of inventory in the Spring could satisfy demand and soften prices?

Percentage change for the First nine months of 2009 vs. 2008

………………….WELLESLEY………..NATICK…………….NEEDHAM

SALES Units…………….– 20.6%…………………. + 6.95%………………….. – 1.4%

$ VOLUME……………….– 32.5%………………….+ 7.0%…………………….– 6.4%

Median Price……………. 16.8%.………………… flat …………………………. -4.4%

Units in Inventory.. …. + 48.9% …………. …… 22.4%….. ……………….. +8.9%

JOHN PRESCOTT, Vice President

Century 21 Commonwealth

508-523-9252


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2 Responses

  1. […] Local real estate guy John Prescott blogs about  MLS numbers for the first 9 months of the year and the stats aren’t pretty for Wellesley — unless you’re looking to buy a house. Inventory is up almost 50% vs. the first 9 months of last year.  Median price is down 16.8% and overall sales volumes are down as well. […]

  2. […] Wellesley, Needham, and Natick third quarter year to date results are in! (bostonkayakguy.wordpress.com) Possibly related posts: (automatically generated)The Price is Right???…Wellesley, Natick, NeedhamWhere in NATICK is this Fabulous Kitchen?Property Details – Boston Real EstateSherborn Gets Connection to Rail Link […]

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