From House Savey web site:

In the Greater Boston market, the number of sales is down 9.8% year-to-year. It is worth noting that the number of sales began to increase in March 2008, peaked in June 2008, then began to drop off a bit; October 2008 was the final month of a relatively healthy sales period and since then (three months ago) the number of sales has dropped 55%. It’s important to point out that reported “Sales” in January – which are actual closings (transfer of title) – reflect buying activity in the range of 60 days prior; in this case, November 2008, traditionally a very slow sales period.

Average Sale Prices have dropped 20% year-to-year, and 8.3% in the in just the past 3 months. It’s interesting to note that for the most part, sales prices generally followed the same curve as the number of sales, peaking in June, then starting to drop off again; however, prices have not dropped as dramatically since October as the number of sales, i.e. a drop of 8%. Every county in the Greater Boston region has experienced the decrease in sale prices year-to-year; Suffolk County has suffered the worst with prices decreasing by 32.2%; Norfolk County has fared the best, with a decrease of just 11.9%

Source: Housesavey

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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