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2017 Watertown Year in Review

 

Want to know how the Watertown, Massachusetts real estate market is doing? In this 2017 Year in Review Housing Report, we’re looking at home sales in Watertown for 2017 compared to 2016 and how the market is currently performing in that area.

As of December 31st, 2017, a total of 406 homes sold in Watertown at an average sale price of $654,443. (These numbers include single-family homes, condominiums, and multi-family sales combined). Total sales are down 13.06% from this same time period in 2016 when 467 total homes were sold, and average prices are up 10.92% from $590,000 in 2016.

Homes Listed in Watertown:

From January 1st to December 31st, there were 412 homes listed on the market, down 8.44% compared to 450 within the same date range in 2016.

Homes Pending in Watertown:

From January 1st to December 31st, there were 377 homes that went pending (contract accepted) down 9.81% compared to 418 within the same date range in 2016.  The Watertown market is clearly mirroring the trends in the overall Massachusetts 2017 Year in Review, as sales struggle to keep up with years past and prices are on the rise.

 

*Data provided by Warren Group and MLSPin.