The following information is from the local MLS database, as of March 21, 2008, compared to (March 15, 2008) (and March 24, 2007 – where available).
Total # of condos for sale in the city of Boston: 2,280 (2,283) (2,279)
Average # of days on market: 134 (135) (127)
Number of condos sold (closed) over past 30 days: 211 (215) (302)
Average days on market, sold units: 117 (124) (131)
Ratio, closing (sales) price to original (list) price: NA (91%) (94%)
Number of properties going under agreement, last 30 days: 348 (353) (407)
Average days on market: 106 (100) (N/A)
Velocity: $107,571,541 ($109,894,341) (N/A)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
Total Market Value, condos for sale: $1,383,851,466 ($1,373,690,031) (N/A)
My thoughts: Spring market. The “sold” stats look chilly (33% drop-off?) but under agreements are trending much higher.
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Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period 2/21/2008 through 3/21/2008, and the period 2/24/2007 through 3/24/2007.
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