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: 266
Back on market (listings that went under agreement but deals fell through): 19
Price changes (almost always downward, but some go up): 165
Under agreements: 82
Off market (variety of reasons, but sometimes these are old listings that never sell): 68
ON MARKET DATA:
Total number of listings: 2262 (+96)
Average asking price: $695,246 (- $9,000)
Median asking price: $489,000 (+/- $0)
Average $ / SF: $541 (- $1)
My opinion: Fairly strong sales market – the under agreements went up a bit, and there was a large number of price adjustments, which seems to be sellers who tried higher prices, first week out, but quickly realized they needed to come down a bit if they intended to sell this fall. I think there will be many more under agreements, over the next couple of days, as buyers lock in purchases.