Boston Real Estate for Sale

The following information is from the local MLS database, as of December 25, 2007, compared to (December 15, 2007) (December 16, 2006 – where available).

Total # of condos for sale in the city of Boston: 2,039 (2,164) (2,189)
Average # of days on market: 151 (141) (146)

Number of condos sold (closed) over past 30 days: 272 (276) (278)
Average days on market, sold units: 110 (100) (116)
Ratio, closing (sales) price to original (list) price: 92% (93%) (93%)

Number of properties going under agreement, last 30 days: 211 (240) (295)
Average days on market: 114 (106) (N/A)

Total Market Volume (Velocity): $143,760,300 ($142,891,100) (N/A)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)

My thoughts: I don’t have last year’s data for this week, unfortunately. But, probably, things were about the same. As you will see from the report I post tomorrow morning … things are f-ing cold out there, sales-wise.

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Based on the information provided to and compiled by MLS Property Information Network, Inc. covering the period 11/25/2007 through 12/25/2007, and the period 11/16/2006 through 12/16/2006.

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