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Watertown 2018 Mid-Year Report

Want to know how the Watertown real estate market is doing? In this Mid-Year Report, we’re looking at home sales in Watertown for the first half of 2017 versus the first half of 2018 and how the market is currently performing.

As of June 30th, a total of 192 homes sold in Watertown at an average sale price of $730,236, down .52% from this time last year when one more home was sold. These numbers include single-family homes, condominiums, and multi-family sales combined. Price increased by 13.03%, now at an average of $730,236 from $646,042 in the first half of 2017.

Homes Listed in Watertown:

From January 1st to June 30th, there were 253 homes listed on the market, up 11.95% compared to 226 within the same date range in 2017,

Homes Pending in Watertown:

From January 1st to June 30th, there were 214 homes that went pending (contracts accepted) up 1.9% compared to 210 within the same date range in 2017.

Despite the fact that sales are slightly down, the Watertown market is performing relatively strong when compared to the overall 2018 Mid-Year Report for Massachusetts.  Price increasing as it did indicates how most of the homes were likely sold for over-asking which has inflated prices everywhere.