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Good News for Wayland Home Sellers: July Home Sales Double; Fewer Homes for Sale

Wayland housing market report: Twice as many homes sold in July 2012 as in July 2011 ... Check out the latest information from local Realtor Marilyn Messenger.

Current (8/29): There are 75 family homes for sale in Wayland last year at this time, there were 98. List prices range from $199,900 to $14,900,000. The median list price is $899,000. Last year at this time the median list price was $618,950. Click to see all of the homes for sale in Wayland.

This is good news for people who are ready to sell; less competition generally leads to quicker sales and potentially higher prices. Buyers are ready for new listings to come on the market in Wayland.  
 
Closed Sales July 2012: There were 22 closed sales of single family homes in Wayland during July 2012, double the number of sales in July 2011. The median sale price was $584,175, 5 percent less than the July 2011 median of $610,000.
 
Pending Sales: Pending sales for single family homes in Wayland were also higher than in July 2011. 28 compared with 10. Only 19 new listings came on the market in July 2012 compared with 29 in July 2011.
 
Y-T-D through July 31, 2012: Closed sales were up by 50 percent in Wayland for the first seven months of 2012; there were 110 up from 73 for the same period in 2011. The 2012 median sale price was $552,500 was 3.5 percent higher than last year for the same period.
 
Condominiums: Sales of condominiums, including garden style and townhouses, also doubled in July; there were 4 closed sales. Sales for the first seven months were up by 71.4 percent - 36 sold compared with 21 the previous year. However, median sale prices were lower both for the month of July and for the first 7 months of 2012 compared with the same period in 2011.
 
Click here for the latest report from the Greater Boston Real Estate Board.

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