Boston condos and Boston real estate sales and listing information
The following information is from the local MLS database as of Janaury 29, 2010, compared to (January 31, 2009) and (February 2, 2008).
Total # of condos for sale in Boston: 1,586 (1,615) (2,025)
Number of condos sold, past 30 days: 168 (148) (187)
Average days on market, sold units: 135 (110) (115)
Ratio, closing/sales price to list price: 94% (90%) (95%)
Average close price, last thirty days, this year: $501,868
Average close price, last thirty days, last year: $369,983
Average close price, last thirty days, for 2008: $591,822
Boston condos under agreement, last 30 days: 192 (186 ) (216)
Average # of days on market: 114 (121) (135)
Velocity: $89,879,833 ($51,427,645) ($113,373,327)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: At least in the short-term, this year is looking up for sellers compared to ‘09.
What are your thoughts?
