This past month’s market stats were just released by Greater Boston Association of REALTORS. These stats are provided each month to show changes in all the neighborhoods in and around Boston. Let’s look at some highlights:

• Condo sales actually DECLINED for the first time in 18 months, down about 4% to 1,214 units closed in June of 2013. Although down, last month’t total is actually in the Top 7 in Total Sales on record. 
• There is still a shortage of inventory as people are gobbling up available units on the market. This comes especially front renters looking to become first time buyers, suburbanites, and investors.
• The median selling price is up more than 5% at $422,000.
• Sellers are winning in today’s market as the average ratio of list to sales price reached an all time high of 99.7%! This is great!
• And days on market is down as well… to an average of 42 days in June of 2013… That is just a little over a month!

What does this mean? That the market is still HOT HOT HOT! (Like the weather!) Take some time to look through individual neighborhood reports to see what your area (or the area you want to live in) is doing.

And why not check out our free home buyer seminar if you are thinking about buying? It is a great way to start the process. Find out more HERE!