Boston condos and Boston real estate sales and listing information, November 22, 2008
The following information is from the local MLS database as of November 22, 2008, compared to (November 15, 2008) and (November 23, 2007).
Total # of condos for sale in the city of Boston: 1,922 (1,996) (2,325)
Average # of days on market: 135 (132) (138)
Number of condos sold over past 30 days: 239 (253) (257)
Average days on market, sold units: 102 (103) (94)
Ratio, closing/sales price to original/list price: 93% (93%) (94%)
Months’ supply of condos: 8.04 (7.88) (9.04)
Median close price, last thirty days, this year: $319,000
Median close price, last thirty days, last year: N/A
Median under agreement price, last thirty days: $284,500
Average close price, last thirty days, this year: $431,013
Average close price, last thirty days, last year: N/A
Average under agreement price, last thirty days: $426,609
# of properties going under agreement, last thirty days: 258 (244) (256)
Average days on market: 117 (113) (N/A)
Velocity: $103,012,053 (116,614,690) (N/A)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: Quiet times.
** IMPORTANT: Starting in January, 2009, I will probably begin reporting data from LINK, not from MLSPIN. LINK data is more accurate, as its information is pulled directly from the Suffolk County Registry of Deeds.
Based on information provided to and compiled by the Multiple Listing Service Property Information Network, Inc. covering the period 10/22/2008 - 11/22/2008, and the period 10/23/2007 - 11/23/2007.