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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. |
Weekly Boston Real Estate Sales And Listings Update, May 26, 2007
The following information is from the local MLS database, as of May 26, 2007, compared to (last week).
Total of condos for sale in the city of Boston: 2,652 (2,700)
Average of days on market: 110 (113)
Median price of all condos for sale in the city of Boston: $395,000 ($399,000)
Average price of all condos for sale in the city of Boston: $579,529 ($587,690)
Number of condos sold (closed) over past 30 days: 406 (376)
Median sales price, last 30 days: $387,500 ($385,000)
Average sales price, last 30 days: $488,420 ($484,803)
Average days on market: 116 (128)
Ratio, closing (sales) price to original (list) price: 96% (95%)
Number of properties going under agreement, last 30 days: 574 (549)
NEW: Total Market Volume (Velocity): $198,298,673 ($182,286,020)
(Velocity is the of units sold during last 30 days multiplied by the $ amount)
My thoughts: Summertime. Sales will slow.
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