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: 334
Back on market (listings that went under agreement but deals fell through): 40
Price changes (almost always downward, but some go up): 120
Under agreements: 56
Off market (variety of reasons, but sometimes these are old listings that never sell): 47
ON MARKET DATA:
Total number of listings: 2166 (+233)
Average asking price: $704,898 (- $16,000)
Median asking price: $489,000 (- $6,000)
Average $ / SF: $542 (- $1)
My opinion: Fall market. I don’t remember this many new listings, at once, in the fall of last year. If you’re looking to buy, now would be a great time. There has been a huge increase in properties for sale, and sellers will be eager to find buyers before the first leaves fall.