The following information is from the local MLS database, as of June 2, 2007, compared to (last week).
Total # of condos for sale in the city of Boston: 2,643 (2,652)
Average # of days on market: 112 (113)
Median price of all condos for sale in the city of Boston: $399,000 ($395,000)
Average price of all condos for sale in the city of Boston: $578,135 ($579,529)
Number of condos sold (closed) over past 30 days: 460 (406)
Median sales price, last 30 days: $385,000 ($387,500)
Average sales price, last 30 days: $507,332 ($488,420)
Average days on market: 110 (116)
Ratio, closing (sales) price to original (list) price: 94% (96%)
Number of properties going under agreement, last 30 days: 538 (574)
Total Market Volume (Velocity): $233,372,986 ($198,298,673)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: Wow. The rolling average of dollars spent on real estate jumped 17%. Lots of activity, as people who bought earlier this season closed on their purchases.
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