The following information is from the local MLS database, as of October 6, 2007, compared to (September 29, 2007).

Total # of condos for sale in the city of Boston: 2,468 (2,469)
Average # of days on market: 122 (124)

Median price of all condos for sale in the city of Boston: $380,000 ($385,000)
Average price of all condos for sale in the city of Boston: $590,039 ($590,744)

Number of condos sold (closed) over past 30 days: 265 (342)
Median sales price, last 30 days: $380,000 ($350,000)
Average sales price, last 30 days: $476,473 ($442,046)
Average days on market: 97 (82)
Ratio, closing (sales) price to original (list) price: 95% (95%)

Number of properties going under agreement, last 30 days: 259 (257)

Total Market Volume (Velocity): $126,265,561 ($151,180,042)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)

My thoughts: Whoa. Number of closings has dropped, a lot. I still haven’t thought this through, but my guess is this is the result of the lag between properties going under agreement and closing (four to six weeks). Closings this week would have gone under agreement the first and second week of September which aren’t prime times to be looking for a home, obviously. I guess I assumed we had already been past that. I spoke too soon when I said several weeks ago that we’d see an uptick in volume.

Under agreements have stayed steady, as have new listings, so I’d say we’re in a steady, healthy market, at this point.

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Updated:  1st Q 2018

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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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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