The following information is from the local MLS database, as of April 29, 2006.
Total # of condos for sale in the city of Boston: 3175 (+60)
Average # of days on market: 100 (same)
Lowest priced condo in city of Boston: $117,900 (price reduction, again!)
Median price of all condos for sale in the city of Boston: $389,880 (+$880)
Highest priced condo in city of Boston: $13,995,000
Average price of all condos for sale in the city of Boston: $566,356 (+$7,000)
Number of condos sold (closed) over past 30 days: 304 (+9)
Median sales price, last 30 days: $335,000 (-$15,000)
Average sales price, last 30 days: $418,285 (-$23,000)
Average days on market: 104 (+3)
Ratio, closing (sales) price to original (list) price: 95% (+1%)
Number of properties going under agreement, last 30 days: 496 (-14)
My thoughts: Big median sales price and average sales price drops. I think there’ll be an increase in under agreements, by the end of this week, I think buyers were out there last weekend, looking.