The housing market in Newton continues to see strong price appreciation, with values up 57.0% compared to last year. The median home price of $361,000 represents a substantial 57.0% increase from this time last year. With 3.0 months of supply, Newton's inventory levels remain relatively tight. Homes are now taking an average of 200 days to sell, significantly longer than the 122 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Newton market with the affordability index at 1312.7. Based on current market indicators, home prices in Newton are projected to decrease by approximately 5.0% over the next month.
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