How do you determine how a Boston real estate neighborhood market is doing?

A frequently asked question from Back Bay condo sellers before listing their condominium for sale is related to the local real estate market. There are many market indicators that a top producing broker should be able to share with you to help explain the condition of the local Boston real estate market.  One of the most important indicators on market conditions is average days on the market (DOM)  The average days on market can indicate to a seller how quickly Back Bay condos are selling when listed for sale.

Boston real estate market conditions

Other examples of market condition indicators that a top producing broker will provide a home seller before listing their home include market absorption rates, number of closed transactions year-over-year for a given month, average sale prices, and average list price to sale price ratios.

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