Here's where Belmont stands as summer winds down.
Zillow put the typical Belmont home value around $1.5 million as of June 30, up just under 1 percent from a year earlier. Back in June, the market looked balanced, with roughly five months of supply and homes closing very close to asking price.
Inventory has shifted since then. There were 67 active listings in June, and by the end of August that number was down to 43, with a median list price of about $1.6 million. Fewer homes on the market means buyers have fewer choices heading into fall.
By the end of August, Zillow's typical home value for Belmont was about $1.45 million, up 1.5 percent from a year earlier.
What does it mean for you? If you're buying, take your time comparing, but be ready when the right one shows up. If you're selling, a well priced, well presented home still gets attention in a balanced market.
Thinking about making a move in Belmont? I'd love to talk through what this looks like for your plans.
