Norfolk MA Real Estate States for SEPT 2016 by The Greater Boston Real Estate Board

1. Key Metrics 2015 2016 Percent Change Thru 9-2015 Thru 9-2016 Percent Change
Closed Sales 12 15 + 25.0% 116 127 + 9.5%
Median Sales Price* $512,500 $497,000 - 3.0% $502,500 $497,000 - 1.1%
Inventory of Homes for Sale 60 49 - 18.3% -- -- --
Months Supply of Inventory 5.2 3.7 - 28.8% -- -- --
Days on Market Until Sale 77 97 + 26.0% 90 91 + 1.1%
Percent of Original List Price Received* 97.3% 94.1% - 3.3% 97.9% 96.5% - 1.4%
New Listings 19 15 - 21.1% 183 168 - 8.2%
Pending Sales 7 13 + 85.7% 124 134 + 8.1%
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Key Metrics 2015 2016 Percent Change Thru 9-2015 Thru 9-2016 Percent Change
Closed Sales 1 1 0.0% 12 9 - 25.0%
Median Sales Price* $485,000 $412,500 - 14.9% $454,950 $425,000 - 6.6%
Inventory of Homes for Sale 4 4 0.0% -- -- --
Months Supply of Inventory 2.3 2.7 + 17.4% -- -- --
Days on Market Until Sale 42 126 + 200.0% 104 52 - 50.0%
Percent of Original List Price Received* 97.0% 96.2% - 0.8% 100.4% 95.9% - 4.5%
New Listings 2 1 - 50.0% 15 13 - 13.3%
Pending Sales 1 1 0.0% 10 8 - 20.0%
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
A RESEARCH TOOL PROVIDED BY THE GREATER BOSTON ASSOCIATION OF REALTORS®
Local Market Update for September 2016
Norfolk
September Year to Date
September Year to DateSingle-Family Homes
Condominiums
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts
Association of REALTORS®. Report © 2016 ShowingTime.
Norfolk — Norfolk —
All MLS —All MLS —
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.
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Rolling 12-Month Calculation
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Median Sales Price - Single-Family Homes Median Sales Price - Condominiums