The following information is from the local MLS database, as of June 17, 2006.
Total # of condos for sale in the city of Boston: 3314 (+4)
Average # of days on market: 107 (+1)
Lowest priced condo in city of Boston: $112,900, a 428 square foot one bedroom in Dorchester.
Second lowest priced condo in city of Boston: $119,900, a 225 square foot studio in Allston.
Median price of all condos for sale in the city of Boston: $379,900 (-$5,000)
Highest priced condo in city of Boston: $13,995,000
Average price of all condos for sale in the city of Boston: $553,193 (-$4,000)
Number of condos sold (closed) over past 30 days: 478 (-20)
Median sales price, last 30 days: $350,000 (-$1,000)
Average sales price, last 30 days: $443,105 (-$6,000)
Average days on market: 92 (+2)
Ratio, closing (sales) price to original (list) price: 95% (same)
Number of properties going under agreement, last 30 days: 383 (-31)
My thoughts: After Memorial Day, the market slows down. Expect to see less properties going under agreement, for the next two months. Expect some properties to come off the market, until the fall, if the sellers are in no rush to sell. They’ll take the summer off, instead.