The following information is from the local MLS database, as of May 5, 2007, compared to (last week).
Total # of condos for sale in the city of Boston: 2,567 (2,570)
Average # of days on market: 113 (117)
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: $595,523 ($587,904)
Number of condos sold (closed) over past 30 days: 383 (363)
Median sales price, last 30 days: $380,000 ($385,000)
Average sales price, last 30 days: $491,845 ($506,577)
Average days on market: 124 (131)
Ratio, closing (sales) price to original (list) price: 95% (95%)
Number of properties going under agreement, last 30 days: 588 (528)
NEW: Total Market Volume (Velocity): $188,376,677 ($183,887,611)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: Things look steady.
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