Weekly Boston Condo And Boston Real Estate Sales And Listings Update, May 24, 2008 Boston Condos For Sale Ford Realty

The following information is from the local MLS database, as of May 24, 2008, compared to (May 17, 2008) (and May 19, 2007 – where available).

Total # of condos for sale in the city of Boston: 2,537 (2,575) (2,700)
Average # of days on market: 120 (117) (110)

Number of condos sold (closed) over past 30 days: 370 (343) (376)
Average days on market, sold units: 100 (104) (128)
Ratio, closing (sales) price to original (list) price: 94% (94%) (95%)

Median close price, 2008: $400,000
Median close price, 2007: $385,000

Average close price, 2008: $519,456
Average close price, 2007: $484,803

Number of properties going under agreement, last 30 days: 498 (499) (549)
Average days on market: 97 (92) (N/A)

Velocity: $192,198,796 ($187,096,716) ($182,286,020)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)

Total Market Value, condos for sale: $1,536,710,850 ($1,556,060,592) (N/A)

My thoughts: Market picked up a bit this past week, and now things will slow down, after the holiday.

Based on information provided to and compiled by the Multiple Listing Service Property Information Network, Inc. covering the period 4/24/2008 through 5/24/2008, and the period 4/19/2007 – 5/19/2007.

Back to homepage: Boston condos for sale

Condos around Boston to buy or rent

Condos around Boston to buy:

Condos around Boston to rent:

Updated 2018

Weekly Boston Condo and Boston Real Estate Sales and Listings Update, May 24, 2008

Condos around Boston to buy or rent

Submit a Comment

Condo Listings by Neighborhood

Quick Search

Condos for Sale

Rentals