Home Sales Down 2.42% & Prices Up 13.96%
As of June 30, 2022, home sales in Watertown decreased slightly by 2.42% with 202 sales compared to 207 last year in the same timeframe.
Average prices increased by 13.96% moving from $766,040 to $873,004 in 2022 so far.
These metrics include single families, condos, and multi-families. The categorical breakdowns are listed in the infographic above.
There were 251 homes listed on the market in Watertown this year compared to 276 this time last year, a 9.06% decrease.
There were 212 homes with contracts accepted in Watertown which is the result of a 10.55% decrease over last year, which had 237.
Sales decreased and prices increased in Watertown’s real estate market, a similar performance to that of Massachusetts though sales didn’t as much. This decrease in sales is expected to continue as we head into the 2nd half of the year, especially if mortgage rates continue their increase. Prices in Watertown are most likely going to increase throughout the year, but the cooling of the market will slow the rapid rate in which they have been increasing previously.
To learn more about Massachusetts performance and the predictions for the rest of the year, click here to read the 2022 Massachusetts Mid-Year Report.
Data provided by Warren Group & MLSPin and compared to the prior year.