The following information is from the local MLS database, as of February 16, 2008, compared to (February 9, 2008) (and February 19, 2007 – where available).
Total # of condos for sale in the city of Boston: 2,152 (2,100) (2,052)
Average # of days on market: 142 (145) (141)
Number of condos sold (closed) over the past 30 days: 160 (176) (230)
Average days on market, sold units: 102 (105) (143)
Ratio, closing (sales) price to original (list) price: 93% (93%) (92%)
Number of properties going under agreement, last 30 days: 329 (291) (379)
Average days on market: 111 (115) (N/A)
Velocity: $84,672,866 ($94,453,816) (N/A)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
Total Market Value, condos for sale: $1,316,592,776 ($1,288,755,244) (N/A)
My thoughts: A quiet week during a cool, somewhat snow-free winter.
Based on the information provided to and compiled by MLS Property Information Network, Inc. covering the period 1/16/2008 through 2/16/2008, and the period 1/19/2007 through 2/19/2007.
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