In downtown Boston your real estate agent has access to the MLS, which gives an incredible amount of downtown Boston real estate market data, including total inventory reports broken down into active, pending, and sold properties. Basically your Boston real estate agent has access to the information to be able to tell you how long on average it takes to sell a Boston condos for sale.
Days-on-market Boston condo data is incredibly important, and along with available inventory this gives us the two main ingredients we need in order to sell a client when is the best time to sell a home (also when the worst is).
Boston condos for sale, as one might imagine, the Christmas season is the worst, Thanksgiving time is second to that. The first quarter of the year is slow, and the highest traffic can be found at the end of March through October. However, when you lay on top of that, the amount of inventory per month in that same market, you can find the best time to sell – when inventory is lowest and traffic is highest, and when it is really hard to sell, when traffic might be high but inventory is 10X what it normally is. The numbers can be surprising.
Based on the last 6 months, here’s a list of how long it took to sell in a Boston condo each downtown Boston neighborhood:
Back Bay condos for sale – 54 days
Beacon Hill condos for sale – 53 days
Leather District condos for sale – 39 days
Midtown condos for sale – 109 days
North End condos for sale – 51 days
Seaport condos for sale – 35 days
South Boston condos for sale – 39 days
South End condos for sale – 35 days
Waterfront condos for sale – 92 days
West End condos for sale – 63 days