The following information is from the local MLS database, as of April 28, 2007, compared to (last week).
Total # of condos for sale in the city of Boston: 2,514 (2,481)
Average # of days on market: 120 (120)
Median price of all condos for sale in the city of Boston: $399,000 ($390,000)
Average price of all condos for sale in the city of Boston: $588,721 ($594,979)
Number of condos sold (closed) over past 30 days: 369 (366)
Median sales price, last 30 days: $365,000 ($356,000)
Average sales price, last 30 days: $518,593 ($510,458)
Average days on market: 123 (124)
Ratio, closing (sales) price to original (list) price: 94% (94%)
Number of properties going under agreement, last 30 days: 571 (542)
My thoughts: Steady. Listings have been moving up a bit over the past several weeks. Sellers will need to be willing to lower prices if they want to move, this spring.
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