The following information is from the local MLS database, as of April 15, 2006.
Total # of condos for sale in the city of Boston: 2992 (-12)
Average # of days on market: 104 (+1)
Lowest priced condo in city of Boston: $124,900
Median price of all condos for sale in the city of Boston: $389,000 (same)
Highest priced condo in city of Boston: $13,995,000
Average price of all condos for sale in the city of Boston: $558,758 (+$5,000)
Number of condos sold (closed) over past 30 days: 320 (+4)
Median sales price, last 30 days: $354,000 (+$5,000)
Average sales price, last 30 days: $459,660 (+$8,000)
Average days on market: 99 (same)
Ratio, closing (sales) price to original (list) price: 93% (same)
Number of properties going under agreement, last 30 days: 497 (+45)
My thoughts: If you think prices are going to drop in Boston Proper, you are mistaken. It’s all about supply and demand, and there’s no more supply coming.