The following information is from the MLSPIN database as of January 3, 2009, compared to (January 3, 2008) and (January 8, 2007).
Total # of condos for sale in the city of Boston: 1,464 (1,922) (1,919)
Average # of days on market: 155 (156) (151)
Number of condos sold, past 30 days: 202 (212) (284)
Average days on market, sold units: 95 (107) (115)
Ratio, closing/sales price to original/list price: 91% (92%) (92%)
Months supply of condos: 7.25 (9.06) (6.75)
Median close price, last thirty days, 2009: $300,000
Median close price, last thirty days, 2008: $375,000
Median close price, last thirty days, 2007: $335,000
Average close price, last thirty days, 2009: $450,698
Average close price, last thirty days, 2008: $494,920
Average close price, last thirty days, 2007: $423,189
# of properties going under agreement, last thirty days: 163 (181) (239)
Average # of days on market: 127 (115) (N/A)
Velocity: $91,041,085 ($114,256,350) (N/A)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: We’re comparing three years’ of data, here, the first week of each year for 2007, 2008, and 2009.
Based on information provided to and compiled by the Multiple Listing Service Property Information Network, Inc. covering the period 12/03/2008 – 1/03/2009, and the period 12/03/2007 – 01/03/2008, and the period 12/08/2006 – 01/08/2007.
