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: 151
Back on market (listings that went under agreement but deals fell through): 11
Price changes (almost always downward, but some go up): 251
Under agreements: 88
Off market (variety of reasons, but sometimes these are old listings that never sell): 88
ON MARKET DATA:
Total number of listings: 2629 (-13)
Average asking price: $645,000 (- $2,000)
My opinion: Sellers continue to put their homes on the market, so they must expect to sell. High number of price adjustments, again. It’s going to take some time to get through the inventory. I think buyers will come back, right after the new year. I really do.