The following information is from the local MLS database, as of March 4, 2006.
Total # of condos for sale in the city of Boston: 2628 (+100)
Average # of days on market: 80 (-2)
Lowest priced condo in city of Boston: $123,900
Median price of all condos for sale in the city of Boston: $389,000 (+ $4,000)
Highest priced condo in city of Boston: $7,900,000
Average price of all condos for sale in the city of Boston: $556,338 (+ $2,100)
Number of condos sold (closed) over past 30 days: 250 (+ 20)
Median sales price, last 30 days: $388,500 (+ $22,000)
Average sales price, last 30 days: $484,558 (+ $27,000)
Average days on market: 69 (same)
Ratio, closing (sales) price to original (list) price: 94% (+ 1%)
Number of properties going under agreement, last 30 days: 323 (- 49)
My thoughts: Median and average sales prices of properties going under agreement rose, by a not-insignificant amount. Average and median prices of properties sold (closed) went up a bit, too. Could mean the bubble is starting again! (Joke.)
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