The following information is from the local MLS database, as of May 16, 2006.
Total # of condos for sale in the city of Boston: 3236 (+3)
Average # of days on market: 102 (+1)
Lowest priced condo in city of Boston: $115,900
Median price of all condos for sale in the city of Boston: $389,000 (+/-$0)
Highest priced condo in city of Boston: $13,995,000
Average price of all condos for sale in the city of Boston: $562,102 (-$2,000)
Number of condos sold (closed) over past 30 days: 368 (+53)
Median sales price, last 30 days: $360,000 (+$25,000)
Average sales price, last 30 days: $443,686 (+$17,000)
Average days on market: 108 (+4)
Ratio, closing (sales) price to original (list) price: 94% (-1%)
Number of properties going under agreement, last 30 days: 515 (+29)
My thoughts: Improved number of closings, since last week. Remember, these are all moving averages of the past thirty days’ activity. Changes will be slow to see.