The following information is from the local MLS database, as of July 6, 2007, compared to (June 23, 2007).
Total # of condos for sale in the city of Boston: 2,506 (2,667)
Average # of days on market: 114 (119)
Median price of all condos for sale in the city of Boston: $391,950 ($395,000)
Average price of all condos for sale in the city of Boston: $571,739 ($573,430)
Number of condos sold (closed) over past 30 days: 517 (550)
Median sales price, last 30 days: $373,000 ($380,000)
Average sales price, last 30 days: $520,286 ($542,214)
Average days on market: 91 (98)
Ratio, closing (sales) price to original (list) price: 95% (94%)
Number of properties going under agreement, last 30 days: 472 (498)
Total Market Volume (Velocity): $268,988,084 ($298,218,210)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: Numbers drop, as we get into summer.
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