Below is a report of sales and listing activity for the past week. Information is derived from LINK, the online database that is used by most Boston real estate agents.
New listings: 125
Back on market (listings that went under agreement but deals fell through): 16
Price changes (almost always downward, but some go up): 74
Under agreements: 65
Off market (variety of reasons, but sometimes these are old listings that never sell): 54
ON MARKET DATA:
Total number of listings: 1961 (-2)
Average asking price: $718,177 (+ $200)
Median asking price: $495,000 (+ $3,000)
Average $ / SF: $545 (+/- $0)
My opinion: Slightly higher number of new listings, as people gear up for fall market. Buyers will get more active, after Labor Day.