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The Boston Real Estate BlogI am an independent real estate broker, focused on the residential real estate market in downtown Boston. |
Boston Residential Real Estate Condo Sales, August 25, 2007
The following information is from the local MLS database, as of August 25, 2007, compared to (August 18, 2007).
Total of condos for sale in the city of Boston: 2,293 (2,312)
Average of days on market: 127 (129)
Median price of all condos for sale in the city of Boston: $375,000 ($379,900)
Average price of all condos for sale in the city of Boston: $568,627 ($563,724)
Number of condos sold (closed) over past 30 days: 536 (510)
Median sales price, last 30 days: $360,000 ($370,565)
Average sales price, last 30 days: $436,425 ($448,611)
Average days on market: 91 (87)
Ratio, closing (sales) price to original (list) price: 95% (95%)
Number of properties going under agreement, last 30 days: 297 (333)
Total Market Volume (Velocity): $233,924,068 ($228,791,740)
(Velocity is the of units sold during last 30 days multiplied by the $ amount)
My thoughts: About the same as last week.
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Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period 07/25/2007 through 08/25/2007.
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