After much thought on the matter, I’ve stopped reporting average and median sales prices, since they are pretty much irrelevant, in any market. The actual number of sales and under agreements is a good gauge of what’s going on in the market, however, as is...
Fortune magazine predicts home prices five years from now. They concluded that Boston area single-family homes will drop 5% over the coming five years. The average single-family home costs $834,000 today; they predict it will cost $793,000 in five years. The idea is,...
This week’s Boston Real Estate Condo Market Reports are now available, here. The market reports provide readers with detailed information on the state of the Boston real estate market. The reports include data on inventory, recent sales, and price per square...
The following information is from the local MLS database, as of November 10, 2007, compared to (November 3, 2007). Total # of condos for sale in the city of Boston: 2,398 (2,420) Average # of days on market: 131 (128) Median price of all condos for sale in the city of...
Radar Logic’s August 2007 Monthly Housing Market Report has been released. It shows that real estate prices for the Boston MSA dropped between August, 2006 and August, 2007. This if for the Boston “Metropolitan Statistical Area” (MSA), not for the...
The following information is from the local MLS database, as of November 3, 2007, compared to (October 27, 2007). Total # of condos for sale in the city of Boston: 2,420 (2,480) Average # of days on market: 128 (128) Median price of all condos for sale in the city of...