The following information is from the local MLS database, as of January 26, 2008, compared to (January 19, 2008) (and January 27, 2007 – where available).
Total # of condos for sale in the city of Boston: 2,021 (1,995) (2,010)
Average # of days on market: 151 (155) (147)
Number of condos sold (closed) over past 30 days: 187 (208) (243)
Average days on market, sold units: 115 (122) (115)
Ratio, closing (sales) price to original (list) price: 95% (95%) (92%)
Number of properties going under agreement, last 30 days: 216 (177) (278)
Average days on market: 134 (130) (N/A)
Velocity: $113,373,327 ($121,497,727) (N/A)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
Total Market Value, condos for sale: $1,208,118,437 ($1,208,118,437) (N/A)
My thoughts: Sales volume slowed over the past month. Under agreements went up this week, at least. Cheery news.
Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period 12/26/2007 through 1/26/2008, and the period 12/20/2006 through 01/20/2007.
