Boston condos and Boston real estate sales and listings information, September 27, 2008
The following information is from the local MLS database as of September 27, 2008, compared to (September 20, 2008) and (September 29, 2007).
Total # of condos for sale in the city of Boston: 1,987 (1,996) (2,469)
Average # of days on market: 133 (132) (124)
Number of condos sold over past 30 days: 352 (399) (342)
Average days on market, sold units: 90 (90) (90)
Ratio, closing/sales price to original/list price: 91% (91%) (95%)
Months’ supply of condos: 5.60 (5.00) (6.22)
Median close price, 2008: $360,000
Median close price, 2007: $350,000
Median under agreement price, 2008: $327,500
Average close price, 2008: $501,398
Average close price, 2007: $442,046
Average under agreement price, 2008: $456,930
# of properties going under agreement, last 30 days: 294 (304) (257)
Average days on market: 102 (101) (N/A)
Velocity: $176,492,149 ($193,194,249) ($151,180,042)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: No one is putting their properties up for sale, these days. Under agreements are 10% higher than last year. Otherwise, slow.
Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period 8/27/2008 - 9/27/2008, and the period 8/29/2007 - 9/29/2007.
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