Winchester, MA Real Estate Update December 2009

Tuesday, December 08, 2009

by Sven Andersen

Winchester MA Active Listings: There are a total of 64 properties actively on the market with the average price of $1,231,180 in Winchester.

Winchester MA Sold/Sale Pending: There are currently 22 properties with sales pending and 119 properties that closed over the last 6 months. The average sold price for Winchester was $797,881 and average time on market was 97 days. The average current list price to sold price ratio was 96%, meaning these sellers received on average 96% of what they were asking for their property at the time it sold.

Data provided by the MLS Property Information Network.

Absorption Rate/Supply: The current month supply of homes on the market is defined as the ratio of the current inventory of active listings compared to sales. In other words, given recent sales activity, one can estimate how long it would take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market. At the present time it will take about three and a half months to sell all of the current active listings, without adding any new homes for sale. The charts are based on trends from the last 6 months.

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