The following information is from the local MLS database, as of July 28, 2007, compared to (July 21, 2007).
Total # of condos for sale in the city of Boston: 2,395 (2,420)
Average # of days on market: 125 (122)
Median price of all condos for sale in the city of Boston: $385,000 ($389,000)
Average price of all condos for sale in the city of Boston: $573,849 ($570,062)
Number of condos sold (closed) over past 30 days: 445 (477)
Median sales price, last 30 days: $371,000 ($365,000)
Average sales price, last 30 days: $472,827 ($485,658)
Average days on market: 84 (83)
Ratio, closing (sales) price to original (list) price: 95% (95%)
Number of properties going under agreement, last 30 days: 418 (461)
Total Market Volume (Velocity): $210,408,172 ($231,658,866)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: Into the “dog-days” of summer. Ha ha!
Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period 06/21/2007 through 07/21/2007.
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