Belmont Real Estate Market Activity for May 2009

Time for a look at  the Belmont  real estate market activity for May 2009. 

Real Estate Inventory in Belmont MA:

114 homes were listed for sale in Belmont on May 31, 2009. The lowest priced home was listed for $214,500, the most expensive house for $2,495,000. Average days on market was 136.

Real Estate Sales in Belmont MA in May:

11 houses sold  in Belmont during May with an average sales price of $587,500.    Average days on market was 68.  Houses sold for an average of 97% of list price.  Real estate activity seems to be slow to take off in Belmont this spring. 19 homes sold in Belmont in April and it would be expected that the number of sales would increase, not decrease, at this point in the spring real estate market.

7 Belmont single family homes sold in May for prices ranging from $520,000 to $965,000.  The median sales price for a single family home was $665,000.  Average days on market was 87.  Single family homes in Belmont sold for an average of 98% of asking price in May.

3 Belmont condos sold in May.  Condominiums sold for $335,000, $360,000 and $433,500.  Average days on market was 41.  Belmont condos sold for 95% of asking price.

1 Belmont two-family house sold in May for $465,000. 

Total residential sales volume for May was $6,462,500.

 Data about Belmont real estate market activity for May 2009 data from MLSpin.

See also:
January 2009 Real Estate in Belmont MA 
February 2009 Real Estate in Belmont MA  
March 2009 Real Estate in Belmont MA
April 2009 Real Estate in Belmont MA

 

 

Categories: Real Estate Market Info

This entry was posted on Monday, June 1st, 2009 at 6:30 pm and is filed under Real Estate Market Info. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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