The Belmont Real Estate market has definetly moved from a balanced market to a buyers’ market. Currently there are 58 single family homes for sale in Belmont. As per the graph, on April 30th, 2008 we saw 56 active listings with an average DOM of 44 (days on market). This compared to April of 2007 when 32 houses were listed and stayed on the market only for 15 days. The condo market trend looks grim in comparison. 8 condos are for sale right now but their DOM is 102! What sells right now are price, up-grades and fantastic views. The eight condos which have sold since January 1, 2008 must have had the right formula. 


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