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A look at the May Condo Market in Newton
The number of condominium sales in Newton has varied during the months of May from 2006 to 2009. Over this time span, there was an average of 27 condos sold. May 2007 had a higher number of sales than May of any other year analyzed. May of 2009 saw only 20 condo sales, a drop of 35.48% compared to May 2007.
Looking at the months of May from 2006 to 2009, the median price of condos has neither consistently increased nor decreased. Between May 2006 and May 2009, the average median price of a condo in Newton was $464,000. While median price fell by 8.57% between May 2006 and May 2007, it rose by 6.03% between May 2007 and May 2008. Ultimately, the lowest median price was found in May 2009.
In the month of May over the past 4 years, condos spent an average of 106 days on the market. In May of 2007, condos averaged an exceptionally long 144 days on the market. While the average condo spent only 89 days on the market in 2008, the May 2006 and May 2009 averages were nearby, counting 97 days and 94 days respectively.
Looking at the months of May from 2006 to 2009, the median price of condos has neither consistently increased nor decreased. Between May 2006 and May 2009, the average median price of a condo in Newton was $464,000. While median price fell by 8.57% between May 2006 and May 2007, it rose by 6.03% between May 2007 and May 2008. Ultimately, the lowest median price was found in May 2009.
In the month of May over the past 4 years, condos spent an average of 106 days on the market. In May of 2007, condos averaged an exceptionally long 144 days on the market. While the average condo spent only 89 days on the market in 2008, the May 2006 and May 2009 averages were nearby, counting 97 days and 94 days respectively.
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