Weekly Boston Condo and Real Estate Sales and Listings Update, August 30, 2008
The following information is from the local MLS database as of August 30, 2008, compared to (August 23, 2008) (and September 1, 2007).
Total # of condos for sale in the city of Boston: 1,919 (1,999) (2,171)
Average # of days on market: 141 (136) (132)
Number of condos sold over past 30 days: 522 (474) (468)
Average days on market, sold units: 86 (93) (90)
Ratio, closing/sales price to original/list price: 94% (94%) (94%)
Median close price, 2008: $374,500
Median close price, 2007: $362,882.50
Median under agreement price, 2008: $350,000
Average close price, 2008: $432,979
Average close price, 2007: $443,718
Average under agreement price, 2008: $498,618
# of properties going under agreement, last 30 days: 313 (333) (259)
Average days on market: 99 (99) (N/A)
Velocity: $226,015,047 ($207,691,522) ($207,660,218)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: Sales up? Interesting. Pendings down? To be expected.
Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period 7/30/2008 - 8/30/2008, and the period 8/1/2007 - 9/1/2007.
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