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Boston real estate. Boston condos.



Archive for the 'Boston condo inventory' category


Boston Condo Inventory

The number of condos for sale on Feb 26, 2009 – 1,758.
The number of condos for sale on Feb 26, 2010 – 1,826.
So far, no signs of “shawdow inventory” flooding the market.
Source: MLS.



MA Real Estate Listings

More Boston homes were listed for sale in January compared to the previous month, according to a new report.
Nationwide, January marked the first time in 18 months that more homes were listed for sale compared to the previous month, with an additional 15,000 homes, or a 2.9 percent increase, listed for sale compared to December, [...]



So, Where’s the Boston Condo ‘Shadow Inventory’?

It feels like I’ve been hearing about “shadow inventory” — Boston proper condos that are in foreclosure but haven’t hit the market yet — forever. Yet no flood of foreclosures has yet inundated the market, and as a matter of fact, inventory has been quite scarce lately. Is there anything to this shadow inventory [...]



Boston condos and Boston real estate sales and listing information

The following information is from the local MLS database as of January 23, 2010, compared to (January 24, 2009) and (January 26, 2008).
Total # of condos for sale in Boston: 1,548 (1,608) (2,021)
Number of condos sold, past 30 days: 180 (148) (187)
Average days on market, sold units: 131 (110) (115)
Ratio, closing/sales price to list price: [...]



Boston Condo Inventory

Boston condo inventory numbers:
January 24, 2006 – 2,360 Boston condos for sale.
January 27, 2007 – 2,010 Boston condos for sale.
January 24, 2008 – 1,607 Boston condos for sale.
January 24, 2009 – 1,608 Boston condos for sale.
January 23, 2010 – 1,548 Bosotn condos for sale.
These numbers are based on MLS data. What are your thoughts? Are [...]



1/3 of all Boston listings slashed asking prices

A third of homes listed for sale in the Boston area cut the sale price, putting the local market in the top 10 nationwide in terms of the percentage of listings with price reductions, according to real estate tracker Trulia.
In Boston, 33 percent of homes on the market reduced prices an average 7 percent. The [...]



Recession Killing Affordability, Too

Greater Boston Housing Report Card Shows City Is Less Affordable Than Ever. From B&T
Despite a value decline of 18 percent since the peak of the real estate market in 2005, housing in Greater Boston is less affordable than ever, and that significantly threatens the region’s economic future.
That was the conclusion of the 2009 Greater Boston [...]




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