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: 280
Back on market (listings that went under agreement but deals fell through): 11
Price changes (almost always downward, but some go up): 261
Under agreements: 83
Off market (variety of reasons, but sometimes these are old listings that never sell): 60
ON MARKET DATA:
Total number of listings: 2376 (+114)
Average asking price: $698,730 (+ $3,000)
Median asking price: $489,000 (+/- $0)
Average $ / SF: $543 (+ $2)
My opinion: Whoa. Huge number of price adjustments. That’s good for buyers. Lots of inventory out there. Not a lot of under agreement activity. Sellers will hold their breath over the weekend.