I’m a bit surprised by what my data shows.
Or, should I say, what MLS’ data shows.
In the first quarter, 2005, 206 single-family homes were sold in the city of Boston, according to MLS.
In the first quarter, 2006, 221 single-family homes were sold in the city of Boston, according to MLS.
In the first quarter, 2005, 790 condos were sold in the city of Boston, according to MLS.
In the first quarter, 2006, 831 condos were sold in the city of Boston, according to MLS.
I thought it had been previously reported that condo and single-family home sales had dropped, when comparing first quarter figures.
I guess not!
I don’t have the data on the median and average prices, but I believe it has been reported elsewhere that prices have not yet dropped, in the city.
One caveat: A lot of the time, developers of new complexes won’t put their listings into MLS. Plus, MLS doesn’t include for-sale-by-owners.
Still, it does compare “apples-to-apples” and, at least according to this data, things look healthy.
How do you like them apples?
More information: Single-family home prices fall for first time in state since 1993 – By Associated Press, by way of The Boston Herald