Brewster MA Real Estate Market Report – March 2016

Michael Leighton
Published on April 28, 2016

Brewster MA Real Estate Market Report – March 2016

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Want to see what has gone on in the Brewster real estate market during the month of March along with year over year comparisons? Here is the Brewster MA real estate market report March 2016 edition.

Brewster MA Real Estate Market Report – Single Family

Activity For March 2016 vs. March 2015

Closed Sales ↓

In March 2016 there were 9 homes that closed during the month for Brewster MA real estate. This is 1 fewer home sold than the 10 homes in Brewster MA that closed in March 2015.

Homes Under Contract ↑

There were a total of 27 homes in Brewster MA that were under contract or sale pending through March 31st, 2016. That is 18 more in comparison to the 9 homes that were under contract through March 31st, 2015.

Median Sales Price ↑

The median sales price for the homes that closed in March 2015 was $416,750.

The median sales price for the homes that closed in March 2016 was $440,000.

Cumulative Days On Market ↓

The cumulative days on market until sale (aka Days on Market) for the homes that closed in March 2015 was 186 days.

The cumulative days on market until sale (aka Days on Market) for the homes that closed in March 2016 was 159 days.

Inventory of Current Brewster MA Homes For Sale ↓

The inventory of homes for sale in March 2015 was 104.

The inventory of homes for sale in March 2016 was 69.

Months Supply of Inventory ↓

The months supply of inventory for Brewster MA homes is 4.3 in March 2016. This means that if no other homes in Brewster were put on the market, it would take 4.3 months to deplete the remaining homes on the market. In March of 2015 the months of supply of inventory was 8.

Median Sales Price – Single Family Properties

(Rolling 12- Month Calculation)

Brewster MA Real Estate Median Sales Price - Single Family March 2016

 

Brewster MA Real Estate Market Report – Condominiums

Activity For March 2016 vs. March 2015

Closed Sales ↑

In March 2016 a total of 11 condos closed for Brewster MA condominiums. This is 1 more than the 10 condos that sold in March 2015 in Brewster MA.

Condos Under Contract ↑

A total of 19 condos in Brewster MA were under contract or sale pending through March 31st, 2016. That is 9 more in comparison to the 10 condos that were under contract through March 31st, 2015.

Median Sales Price ↑

In March 2015 the median sales price for condos that closed was $194,450.

In March 2016 the median sales price for condos that closed was $214,775.

Cumulative Days On Market =

Condos that closed in March 2015 had a cumulative days on market until sale (aka Days on Market) of 172 days.

The number is the same for cumulative days on market until sale in March 2016.

Inventory of Current Brewster MA Condos For Sale ↑

The inventory of Brewster condominiums for sale in March 2015 was 26.

The inventory of Brewster condominiums for sale in March 2016 was 27.

Months Supply of Inventory ↓

The months supply of inventory for Brewster MA condos is 3.5 in March 2016. What this means is that if no other condos in Brewster came on the market, it would take 3.5 months to sell the remaining condominiums on the market. For the month of March 2015 the months of supply of inventory was 3.9.

Median Sales Price – Condominiums

Rolling 12-Month Calculation

Brewster MA Real Estate Median Sales Price - Condos March 2016

 


 

How can both buyers & sellers get a better representation in the Brewster MA real estate market?

Work with a local Brewster real estate agent who has the experience and a vast knowledge of the local market. And make sure to read our monthly Brewster MA real estate market report.

Find Brewster MA Homes for Sale

For a list of all available real estate for sale in Brewster MA, visit Brewster MA Homes for Sale. Don’t forget to subscribe to our Property Email Updates so you won’t miss out on any Brewster homes.

If you’re interested in finding out what your Brewster MA home is worth take a look at our Brewster Home Value page. We’ll be happy to discuss your Brewster MA housing needs.

Other 2016 Cape Cod Real Estate Market Reports

Besides this Brewster MA Real Estate market report for March 2016 we have others that might interest you:


The above information regarding the “Brewster MA Real Estate Market Report March 2016” was provided by Leighton Realty. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

Information provided deemed reliable but not guaranteed. Information herein is based on data provided by the Cape Cod and Islands Association of Realtors®, Inc.

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Brewster MA Real Estate Market Report – March 2016
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