The following information is from the local MLS database, as of February 2, 2008, compared to (January 26, 2008) (and February 4, 2007 – where available).

Total # of condos for sale in the city of Boston: 2,025 (2,021) (2,016)
Average # of days on market: 147 (151) (145)

Number of condos sold (closed) over past 30 days: 186 (187) (233)
Average days on market, sold units: 112 (115) (127)
Ratio, closing (sales) price to original (list) price: 95% (95%) (92%)

Number of properties going under agreement, last 30 days: 238 (216) (299)
Average days on market: 130 (134) (N/A)

Velocity: $110,227,297 ($113,373,327) (N/A)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)

Total Market Value, condos for sale: $1,281,272,847 ($1,208,118,437) (N/A)

My thoughts: About the same as last week. Whee!

Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period 1/2/2008 through 2/2/2008, and the period 1/4/2007 through 2/4/2007.

Comments

comments

Call Now