The following information is from the local MLS database, as of April 9, 2006.
Total # of condos for sale in the city of Boston: 3004 (+103)
Average # of days on market: 103 (-1)
Lowest priced condo in city of Boston: $124,900
Median price of all condos for sale in the city of Boston: $389,000 (-$7,000)
Highest priced condo in city of Boston: $13,995,000
Average price of all condos for sale in the city of Boston: $553,366 (-$10,000)
Number of condos sold (closed) over past 30 days: 316 (+37)
Median sales price, last 30 days: $350,000 (-$14,000)
Average sales price, last 30 days: $451,527 (-$14,000)
Average days on market: 99 (-1)
Ratio, closing (sales) price to original (list) price: 93% (same)
Number of properties going under agreement, last 30 days: 452 (+47)
My thoughts: Fair. Average and median prices dropped a bit, but I don’t think that’s indicative of a trend. I think we will have a strong spring market.