The following information is from the local MLS database, as of November 10, 2007, compared to (November 3, 2007).

Total # of condos for sale in the city of Boston: 2,398 (2,420)
Average # of days on market: 131 (128)

Median price of all condos for sale in the city of Boston: $379,900 ($386,750)
Average price of all condos for sale in the city of Boston: $577,964 ($581,815)

Number of condos sold (closed) over past 30 days: 240 (242)
Median sales price, last 30 days: $401,000 ($407,250)
Average sales price, last 30 days: $512,401 ($530,760)
Average days on market: 105 (103)
Ratio, closing (sales) price to original (list) price: 94% (94%)

Number of properties going under agreement, last 30 days: 265 (250)

Total Market Volume (Velocity): $128,443,930 ($128,443,930)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)

My thoughts: Under agreements jumped 6% – hot market!


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Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period 010/10/2007 through 11/10/2007.

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Updated: 1st Q 2018

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