The following information is from the local MLS database, as of March 10, 2007, compared to (last week).
Total # of condos for sale in the city of Boston: 2,166 (2,130)
Average # of days on market: 135 (135)
Median price of all condos for sale in the city of Boston: $399,000 ($399,000)
Average price of all condos for sale in the city of Boston: $612,082 ($611,344)
Number of condos sold (closed) over past 30 days: 267 (251)
Median sales price, last 30 days: $400,000 ($406,900)
Average sales price, last 30 days: $533,412 ($524,285)
Average days on market: 134 (132)
Ratio, closing (sales) price to original (list) price: 93% (93%)
Number of properties going under agreement, last 30 days: 369 (368)
My thoughts: Looks as though we have a steady market, with a healthy number of under agreements and closed sales. If we have 2,166 condos listed for sale, and 267 condos closed over the last 30 days, we have 8.11 months of supply – not too many, but enough so that buyers have a good selection from which to choose.
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Updated: 1st Q 2018
