The following information is from the local MLS database, as of July 11, 2006.
Total # of condos for sale in the city of Boston: 3082 (+14)
Average # of days on market: 114 (+1)
Lowest priced condo in city of Boston: $110,000, a 483 square foot one bedroom in Mattapan.
Second lowest priced condo in city of Boston: $112,900, a 428 square foot one bedroom in Dorchester.
Median price of all condos for sale in the city of Boston: $380,000 (-$6,000)
Highest priced condo in city of Boston: $13,995,000
Average price of all condos for sale in the city of Boston: $556,664 (same)
Number of condos sold (closed) over past 30 days: 374 (+21)
Median sales price, last 30 days: $347,500 (-$1,500)
Average sales price, last 30 days: $456,215 (+$1,000)
Average days on market: 86 (-8)
Ratio, closing (sales) price to original (list) price: 93% (-4%)
Number of properties going under agreement, last 30 days: 382 (-12)
My thoughts: Pretty good week. Still quiet, but healthy activity (for this market, at least).
For comparison’s sake, here’s how things looked, one year ago:
563 condos sold within the period, 06/11/2005 – 07/11/2005
The median sales price was $372,000
The average sales price was $451,198
Condos sold for 96% of original list price
Condos that sold were on the market an average of 51 days