The following information is from the local MLS database, as of March 1, 2008, compared to (February 23, 2008) (and February 24, 2007 – where available).
Total # of condos for sale in the city of Boston: 2,181 (2,213) (2,109)
Average # of days on market: 139 (141) (141)
Number of condos sold (closed) over the past 30 days: 157 (169) (245)
Average days on market, sold units: 119 (107) (144)
Ratio, closing (sales) price to original (list) price: 91% (93%) (92%)
Number of properties going under agreement, last 30 days: 311 (331) (383)
Average days on market: 104 (111) (N/A)
Velocity: $73,148,966 ($83,695,663) (N/A)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
Total Market Value, condos for sale: 1,340,111,227 ($1,356,550,235) (N/A)
My thoughts: Same as it ever was.
Based on the information provided to and compiled by the Multiple Listing Service Property Information Network, Inc. covering the period 2/1/2008 through 3/1/2008, and the period 2/1/2007 through 3/1/2007.
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