Weekly Boston Condo and Real Estate Sales and Listings Update, June 28, 2008
The following information is from the local MLS database, as of June 28, 2008, compared to (June 21, 2008) (and June 23, 2007 - where available).
Total # of condos for sale in the city of Boston: 2,465 (2,489) (2,667)
Average # of days on market: 124 (123) (114)
Number of condos sold (closed) over past 30 days: 523 (488) (550)
Average days on market, sold units: 98 (96) (98)
Ratio, closing (sales) price to original (list) price: 93% (93%) (94%)
Median close price, 2008: $398,000
Median close price, 2007: $380,000
Average close price, 2008: $527,280
Average close price, 2007: $542,214
Number of properties going under agreement, last 30 days: 466 (451) (498)
Average days on market: 96 (90) (N/A)
Velocity: $275,767,357 ($259,339,932) ($298,218,210)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: Market shows resiliency in the face of unrelenting poor economic news. Offsetting this: Almost all of us still have (good-paying) jobs!
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Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period 5/28/2008 - 6/28/2008, and the period 5/23/2007 - 6/23/2007.





