Boston condos and Boston real estate sales and listing information, January 10, 2009
The following information is from the local MLS database as of January 10, 2009, compared to (January 3, 2009) and (January 13, 2008).
Total # of condos for sale in the city of Boston: 1,569 (1,464) (1,991)
Average # of days on market: 154 (155) (155)
Number of condos sold, past 30 days: 185 (202) (221)
Average days on market, sold units: 100 (95) (124)
Ratio, closing/sales price to original/list price: 90% (91%) (92%)
Months supply of condos: 8.48 (7.25) (9.00)
Median close price, last thirty days, this year: $315,000
Median close price, last thirty days, last year: $385,000
Average close price, last thirty days, this year: $449,488
Average close price, last thirty days, last year: $570,699
# of properties going under agreement, last thirty days: 138 (163) (154)
Average # of days on market: 110 (127) (125)
Velocity: $83,155,344 ($91,041,085) ($125,800,124)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: There is no change.
Based on information provided to and compiled by the Multiple Listing Service Property Information Network, Inc. covering the period 12/10/2008 – 01/10/2009, 12/03/2008 – 01/03/2009, and 12/13/2007 – 01/13/2008.
* IMPORTANT: I did not change to using LINK data since LINK data does not report average and median sales prices. LINK does a great job of tracking sales info from the Suffolk County Registry of Deeds, but that’s about the only difference.
