Weekly Boston Real Estate Sales and Listings Update, May 20, 2005
Below is a report of sales and listing activity for the past week.
Information is derived from LINK, the online database that is used by most Boston real estate agents.
New listings: 296
Back on market (listings that went under agreement but deals fell through): 11
Price changes (almost always downward, but some go up): 147
Under agreements: 150
Off market (variety of reasons, but sometimes these are old listings that never sell): 26
My opinion: Great week. New listings went up, but part of that is because they released 20 of the 360 Newbury condos (and 124 Beacon Street, as well, although I don’t know what that is…). Price changes increased; I think sellers may have realized they were asking too much, and have now reduced their prices, a bit. Sellers don’t want to miss out on the hot spring market.
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