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: 195
Back on market (listings that went under agreement but deals fell through): 26
Price changes (almost always downward, but some go up): 298
Under agreements: 104
Off market (variety of reasons, but sometimes these are old listings that never sell): 67
ON MARKET DATA:
Total number of listings: 2403 (+27)
Average asking price: $692,000 (- $6,000)
My opinion: Total number of listings is still rising, a bit, as sellers try out the fall market. Next week I will post September sales data, and we’ll see where we stand.