The following information is from the local MLS database, as of December 16, 2006, compared to (last week’s numbers).
Total # of condos for sale in the city of Boston: 2,189 (2,324)
Average # of days on market: 146 (143)
Median price of all condos for sale in the city of Boston: $399,000 ($395,000)
Average price of all condos for sale in the city of Boston: $592,090 ($583,782)
Number of condos sold (closed) over past 30 days: 278 (281)
Median sales price, last 30 days: $322,500 ($325,000)
Average sales price, last 30 days: $437,366 ($448,464)
Average days on market: 116 (116)
Ratio, closing (sales) price to original (list) price: 93% (94%)
Number of properties going under agreement, last 30 days: 295 (300)
My thoughts: Not bad. Sellers take their properties off the market because of the holidays, and some because their listings expired and they have decided to hold off relisting. If we get down to 1,800 listings, or so, things will look a lot better. Days on market has gone up, a bit more.
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Updated: 1st Q 2018
