The following information is from the local MLS database, as of June 10, 2006.
Total # of condos for sale in the city of Boston: 3310 (-35)
Average # of days on market: 106 (+2)
Lowest priced condo in city of Boston: $112,900 (will someone buy this please? It’s only $700 or so, per month on a mortgage loan!)
Median price of all condos for sale in the city of Boston: $384,000 (same)
Highest priced condo in city of Boston: $13,995,000
Average price of all condos for sale in the city of Boston: $557,796 (-$3,000)
Number of condos sold (closed) over past 30 days: 498 (+43)
Median sales price, last 30 days: $351,000 (-$11,000)
Average sales price, last 30 days: $449,689 (+$9,000)
Average days on market: 90 (-7)
Ratio, closing (sales) price to original (list) price: 95% (same)
Number of properties going under agreement, last 30 days: 414 (+4)
My thoughts: Eh. Only interesting statistic is that “average days on market” of properties that sold dropped, for the second week in a row. Not sure what conclusion to draw about that.