The following information is from the local MLS database, as of August 9, 2008, compared to (August 2, 2008) (and August 11, 2007, where available).
Total # of condos for sale in the city of Boston: 2,069 (2,119) (2,311)
Average # of days on market: 136 (134) (126)
Number of condos sold (closed) over past 30 days: 439 (383) (481)
Average days on market, sold units: 101 (108) (87)
Ratio, closing (sales) price to original (list) price: 93% (93%) (96%)
Median close price, 2008: $377,500
Median close price, 2007: $377,500
Median under agreement price, 2008: $349,000
Average close price, 2008: $443,106
Average close price, 2007: $461,728
Average under agreement price, 2008: $432,676
# of properties going under agreement, last 30 days: 399 (378) (381)
Average days on market: 99 (101) (N/A)
Velocity: $194,523,406 ($172,339,956) ($222,091,484)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: Sales and under agreements bumped up a bit this week, showing some interest on buyers’ side.
Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period 7/9/2008 – 8/9/2008, and the period 7/11/2007 – 8/11/2007.
