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L10.1% Increase in Median Sale Price since

January! !The market is slowing down in terms of available inventory. We’re seeing some new buyers coming out to shop for a Spring 2015 purchase. Under $1m remains hot and sellingquickly.

RE/MAX LEADING EDGE MONTHLY REAL ESTATE REPORT

NOVEMBER REAL ESTATE MARKET REPORT Arlington

Seller’s!Market!!!!!!!!!!!Even!

Market!!!!!!!!!!!Buyers!Market

Source: Single-family home Median Sales Price data extracted on (11/4/14) via imaxwebsolutions.com!Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14

http://imaxwebsolutions.com


17% Increase in Median Sale Price since January!


NOVEMBER REAL ESTATE MARKET REPORT Back Bay



Source: Condo Median Sales Price data extracted on (11/4/14) via imaxwebsolutions.com!Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14

It’s a very hot market with properties selling quickly for an average of 96% of list price. The higher end of the market, however ( $4 million listings) are languishing on the market, with some over 300 days on market.



L7.8% Increase

in Median Sale Price Since January!

!


NOVEMBER REAL ESTATE MARKET REPORT Lexington




The Lexington market can be described as a “Tale of Two Cities”. Properties priced under $1.3 million are flying off the market with multiple offers. Buyers find much more favorable conditions in the $1.5 million price point and higher.



5.8% Decrease in Median Sale Price since

January

!


NOVEMBER REAL ESTATE MARKET REPORT Lynnfield




Lynnfield still lacks inventory to meet the demand. However, buyers are finding it easier to buy this Fall compared to last Spring.



L13.8% Increase

in Median Sale Price since January!

!The Melrose market seems to be slowing for smaller properties that need work or properties that are over-priced. The 'move up' properties, 2400+ sq. ft. are in high demand with one recently receiving 14 offers!


NOVEMBER REAL ESTATE MARKET REPORT Melrose






L8.8% Decrease in Median Sale Price since

January !


NOVEMBER REAL ESTATE MARKET REPORT Newton




The 'starter homes' market in Newton still remains brisk but the luxury market has slowed since the Spring; entering a typical seasonal-type market with the holidays approaching.



L1.2% Increase

in Median Sale Price since January !


NOVEMBER REAL ESTATE MARKET REPORT North Reading




We have noticed a drop off in activity in appointments and open houses. However, it’s still a good time to sell as most sellers are considering a Springtime move.



L18.4% Decrease

in the Median Sale Price since January

!!


NOVEMBER REAL ESTATE MARKET REPORT Reading




A small sample is the reason for the 18.4% decrease in median sales price as values have risen since January. It’s still a seller's market but things are slowing down a bit. Instead of 8 offers on a hot property there are only 1 or 2 now.



L39% Increase


!


NOVEMBER REAL ESTATE MARKET REPORT Somerville



Source: Condo Median Sales Price data extracted on (11/4/14) via imaxwebsolutions.com!Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14

With holidays approaching, inventory is decreasing but demand is still there. Open houses are still very busy and properties that are priced correctly sell with multiple offers.



L6.1% Increase


!!


NOVEMBER REAL ESTATE MARKET REPORT Wakefield




Inventory remains tight, but buyers are finding they stand a better chance of buying a home as the bidding wars have slowed down.



L3% Increase

in Median Sale Prices since January!

!


NOVEMBER REAL ESTATE MARKET REPORT Watertown




The market is steady but properties are moving at a much slower pace than they were in the Spring. We then saw the market return to more of a seasonal market in July and August. Good news for first time home buyers, finally some inventory from which to choose!



L17.3% Decrease in Median Sale Prices since

January !


NOVEMBER REAL ESTATE MARKET REPORT Winchester




The decrease is more reflective of the limited sample of houses sold rather than actual value. Insulated from typical real estate market ebbs and flows, Winchester consistently remains as a destination for those in Metro Boston. However, the market has slowed a bit since the peak in Springtime.



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