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February housing stats show decrease in listings

Overall, 2013 remains a strong year for real estate market

Published: Thursday, March 7, 2013 11:18 a.m. CST • Updated: Thursday, March 7, 2013 11:19 a.m. CST

Housing sales statistics were up and down — but mostly down — for the month of February, according to statistics supplied by the Newton Board of REALTORs.

In February, the number of residential listings in the community at the end of the month fell to a new five-year low, down more than 6.5 percent from 2012. This year, at the end of the month, 128 residential properties were listed, compared to 137 one year ago.

The board’s data is based on five years of Newton Multiple Listing Service statistical information. It includes single-family homes, condominiums and townhomes, but not multiple-family dwellings, with Newton addresses. Some of the properties included in the report’s data may have been outside the Newton city limits.

The data also showed declines in the number of homes newly listed in February, as well as the number of homes with pending sales in the month. Both numbers were roughly half what they were in February of 2009.

Last month, there were 14 new listings, compared to 23 new listings in February of 2012. But in 2009, there were 33 new listings in the month of February.

Also last month, there were 13 properties that went pending in February, compared to 16 in 2012. Like new listings, the five-year high for pending sales in February occurred in 2009, when there were 25.

Eleven residential properties sold last month, ranging in price from $13,250 to $125,000 with an average price of $63,779. That’s the lowest average sale price in the five-year period of data provided by the Board of REALTORS.

The news in the report wasn’t all bad. Overall, bolstered by a strong January, has seen the most home sales in the five-year period.

The two-month total of 27 residential property sales is the highest year-to-date number since the data was collected in 2009. Also, the average number of days on the market now stands at 134 days, which is the shortest the wait has been for sellers since 2010.

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