The following information is from the local MLS database, as of December 2, 2006, compared to (last week’s numbers).
Total # of condos for sale in the city of Boston: 2,423 (2,707)
Average # of days on market: 139 (134)
Median price of all condos for sale in the city of Boston: $389,500 ($389,000)
Average price of all condos for sale in the city of Boston: $576,483 ($569,265)
Number of condos sold (closed) over past 30 days: 253 (289)
Median sales price, last 30 days: $327,000 ($316,000)
Average sales price, last 30 days: $459,475 ($428,313)
Average days on market: 112 (112)
Ratio, closing (sales) price to original (list) price: 93% (91%)
Number of properties going under agreement, last 30 days: 291 (320)
My thoughts: Number of condos on the market drops due to people taking their properties off the market during the holidays. Maybe they’ll never put them back on?
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