Comparison Shows Higher Inventory Than One Year Ago Boston Condos For Sale Ford Realty

December 2, 2006

New listings: 93
Back on market (listings that went under agreement but deals fell through): 23
Price changes (almost always downward, but some go up): 157
Under agreements: 61
Off market (variety of reasons, but sometimes these are old listings that never sell): 154
Total number of listings: 2459 (-95)
Average asking price: $643,780 (+ $6,000)

December 2, 2005

New listings: 92
Back on market (listings that went under agreement but deals fell through): 11
Price changes (almost always downward, but some go up): 110
Under agreements: 78
Off market (variety of reasons, but sometimes these are old listings that never sell): 120
Total number of listings: 2840
Average asking price: UNKNOWN

What do I think? It’s an interesting comparison. You can see that, both years, the week after Thanksgiving showed a big drop-off in new listings, and a big number of units going off market.

Total number of listings has increased by about 10% (um, right?), which seems a bit less than I (and others) might expect. Of course, 2400, last December, was also kind of high; it should be around 1800, this time of year, based on my knowledge and experience. Things had already slowed down, by now.

LINK no longer makes it easy to pull ALL data from its database, so I can’t see what the average asking price is, right now, unfortunately. MLS reports a number in the $579,000 range, but its data is so different from LINK that I don’t think you can draw any conclusions.

I assume the average asking price has dropped, a bit, but, as we all know, not enough to encourage the average buyer back into the market.

Source: LINK – Listing Information Network, Inc.

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