The following information is from the local MLS database as of Janaury 29, 2010, compared to (January 31, 2009) and (February 2, 2008).
Total # of condos for sale in Boston: 1,586 (1,615) (2,025)
Number of condos sold, past 30 days: 168 (148) (187)
Average days on market, sold units: 135 (110) (115)
Ratio, closing/sales price to list price: 94% (90%) (95%)
Average close price, last thirty days, this year: $501,868
Average close price, last thirty days, last year: $369,983
Average close price, last thirty days, for 2008: $591,822
Boston condos under agreement, last 30 days: 192 (186 ) (216)
Average # of days on market: 114 (121) (135)
Velocity: $89,879,833 ($51,427,645) ($113,373,327)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: At least in the short-term, this year is looking up for sellers compared to ’09.
What are your thoughts?
