Waltham gets "Clocked"

Right in the kisser -- that's where sales of took it in the first half of 2011. Looking at details out of MLS, we can count out 112 single homes that were thrown into the ring. This goes up against 134 homes for the same period in 2010 (Yur outta the weight class, baby!). Average sale price fell to $389k from 2010's 417k, and if that was not bad enough, sellers had to listen to their brokers whine for an average of 108 days: this compares to only 63 days of snivelling from brokers in 2010!

And the situation is the same for the "middleweight" class of ownership -- condos. 91 sold in 2011 down from 2010's 123. Average price?...310k in '11 and 382k in 2010. About the only thing going for condos were the days on market: agents toiled 69 days in '11 to sell the units. In 2010 they took 85.

Multis, in their small market showed a tad of promise. Average sale price up 7l to 462k, and the 23 sales topped 2010's 17.

It is too early to say Waltham is down for the count; premature to "throw in the towel" as they say. Aferall, there are 6 more rounds to go and the final story is yet to be told. To keep the boxing metaphor going, we shall ask: will it be "Cinderella Man" or will it be "Reqiem for a Heavyweight"?