The following information is from the local MLS database, as of March 15, 2008, compared to (March 8, 2008) (and March 17, 2007 – where available).
Total # of condos for sale in the city of Boston: 2,283 (2,245) (2,234)
Average # of days on market: 135 (141) (131)
Number of condos sold (closed) over past 30 days: 215 (179) (266)
Average days on market, sold units: 124 (129) (134)
Ratio, closing (sales) price to original (list) price: NA (91%) (93%)
Number of properties going under agreement, last 30 days: 353 (332) (377)
Average days on market: 100 (100) (N/A)
Velocity: $109,894,341 ($83,447,034) (N/A)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
Total Market Value, condos for sale: $1,373,690,031 ($1,370,988,488) (N/A)
My thoughts: The uptick in activity continues. Last spring’s market was short but healthy. Not sure what we’ll see this year, with the gathering gloom.
Based on the information provided to and compiled by the Multiple Listing Service Property Information Network, Inc. covering the period 2/15/2008 through 3/15/2008, and the period 2/17/2007 through 3/17/2007.
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