The following information is from the local MLS database, as of April 22, 2006.
Total # of condos for sale in the city of Boston: 3115 (+123)
Average # of days on market: 100 (-4)
Lowest priced condo in city of Boston: $119,900 (price reduction!)
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: $559,153 (+$400)
Number of condos sold (closed) over past 30 days: 295 (-25)
Median sales price, last 30 days: $350,000 (-$4,000)
Average sales price, last 30 days: $441,118 (-$15,000)
Average days on market: 100 (+1)
Ratio, closing (sales) price to original (list) price: 94% (+1%)
Number of properties going under agreement, last 30 days: 510 (+13)
My thoughts: Big number of new listings, as sellers come out of the woodwork for the spring market. The real question is, have they priced their properties to sell?