The following information is from the local MLS database, as of August 4, 2007, compared to (July 28, 2007).
Total # of condos for sale in the city of Boston: 2,339 (2,395)
Average # of days on market: 125 (125)
Median price of all condos for sale in the city of Boston: $379,900 ($385,000)
Average price of all condos for sale in the city of Boston: $571,400 ($573,849)
Number of condos sold (closed) over past 30 days: 444 (445)
Median sales price, last 30 days: $365,950 ($371,000)
Average sales price, last 30 days: $458,492 ($472,827)
Average days on market: 90 (84)
Ratio, closing (sales) price to original (list) price: 96% (95%)
Number of properties going under agreement, last 30 days: 389 (418)
Total Market Volume (Velocity): $203,570,744 ($210,408,172)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
My thoughts: Lower number of sales, lower number of units under agreement, lower number of units on market. It’s going to stay this way until Labor Day.
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Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period 07/04/2007 through 08/04/2007.
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