The following information is from the local MLS database, as of June 23, 2007, compared to (last week).
Total # of condos for sale in the city of Boston: 2,667 (2,672)
Average # of days on market: 114 (112)
Median price of all condos for sale in the city of Boston: $395,000 ($395,000)
Average price of all condos for sale in the city of Boston: $573,430 ($576,358)
Number of condos sold (closed) over past 30 days: 550 (510)
Median sales price, last 30 days: $380,000 ($380,000)
Average sales price, last 30 days: $542,214 ($533,243)
Average days on market: 98 (100)
Ratio, closing (sales) price to original (list) price: 94% (93%)
Number of properties going under agreement, last 30 days: 498 (507)
Total Market Volume (Velocity): $298,218,210 ($271,954,103)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: Under agreements are steady, sold are steady, listings on market steady, but a bit too high.
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