New Upward Trend in Price Cuts for Needham Real Estate Market

The number of price cuts in the Needham market climbed to 29 over the last 30 days, furthering a confirmed positive trend. Even with the drops in list prices, sales remained the same with 29 homes sold. Even as the number of sellers reducing price trended higher, months of inventory continued to climb, trending upwards for eight weeks to reach four months.

For the best bang for your buck, check out these listings that recently had significant price cuts in Needham:

$2.5M   $2M   $1.8M  

Get started right now by checking out Needham homes for sale or reviewing Needham real estate trends.

Demographic facts for Needham:

  • The median value of all homes in the area is $626,900.
  • The area gets an average of 120 rainy days each year. (U.S. average: 100)
  • The area's unemployment rate is 5.5%.
  • The student-to-teacher ratio is 14.2:1. (15.3:1 = national average)

Data reported through 10/12/2016

Comments:

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Realty Executives Boston West
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William Raveis R. E. & Home Services
Snapped 7 homes in this area
Louis Wolfson
Snapped 17 homes in this area

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