The following information is from the local MLS database, as of September 23, 2006, compared to (last week’s numbers).
Total # of condos for sale in the city of Boston: 2901 (2885)
Average # of days on market: 125 (126)
Median price of all condos for sale in the city of Boston: $389,000 ($385,000)
Average price of all condos for sale in the city of Boston: $553,208 ($551,717)
Number of condos sold (closed) over past 30 days: 392 (439)
Median sales price, last 30 days: $327,500 ($327,500)
Average sales price, last 30 days: $437,097 ($418,179)
Average days on market: 98 (95)
Ratio, closing (sales) price to original (list) price: 93% (93%)
Number of properties going under agreement, last 30 days: 253 (244)
My thoughts: Closings dropped, but the number under agreement increased, slightly, showing a steady market.