Weekly Boston Real Estate Sales and Listings Update, July 28, 2007
The following information is from the local MLS database, as of July 28, 2007, compared to (July 21, 2007).
Total # of condos for sale in the city of Boston: 2,395 (2,420)
Average # of days on market: 125 (122)
Median price of all condos for sale in the city of Boston: $385,000 ($389,000)
Average price of all condos for sale in the city of Boston: $573,849 ($570,062)
Number of condos sold (closed) over past 30 days: 445 (477)
Median sales price, last 30 days: $371,000 ($365,000)
Average sales price, last 30 days: $472,827 ($485,658)
Average days on market: 84 (83)
Ratio, closing (sales) price to original (list) price: 95% (95%)
Number of properties going under agreement, last 30 days: 418 (461)
Total Market Volume (Velocity): $210,408,172 ($231,658,866)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: Into the “dog-days” of summer. Ha ha!
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Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period 06/21/2007 through 07/21/2007.
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