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: 2,570 (2,514)
Average # of days on market: 117 (120)
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: $587,904 ($588,721)
Number of condos sold (closed) over past 30 days: 363 (369)
Median sales price, last 30 days: $385,000 ($365,000)
Average sales price, last 30 days: $506,577 ($518,593)
Average days on market: 131 (123)
Ratio, closing (sales) price to original (list) price: 95% (94%)
Number of properties going under agreement, last 30 days: 528 (571)
NEW: Total Market Volume (Velocity): $183,887,611
(Velocity is the # of units sold multiplied by the $ amount)
My thoughts: Number of units on the market has (have?) increased steadily over the past several weeks. I think this is because owners have felt more comfortable listing their properties for sale. However, I don’t know if there are enough buyers out there. Sellers need to be very careful about list prices or they’re going to get stuck.
Search MLS
Back to Boston condos for sale homepage
Contact me to find out more about Boston condos for sale or to set up an appointment call/text 617-595-3712.
SEARCH FOR CONDOS FOR SALE AND RENTALS
For more information please contact one of our on-call agents at 617-595-3712.
