The Greater Boston Association of Realtors just released their most recent market stats, with neighborhood specific figures that highlight the changes in the market month-to-month and year-to-year. There were some interesting finds on this report (which goes a month back to fully track the entire activity.) You can request our entire report which looks at over 25 Boston neighborhoods and shows you information such as number of closed sales, median prices, number of new listings and more.
Some of the facts we found interesting:
- The median sale price for Boston single-family properties was up almost 18% from last year to $426,750
- The inventory of Boston condos for sale was down by about 1/3 – or 29.1% from 2012
- The days on market in 2012 for Boston condos was 69 – down to 49 in November of 2013
- Year to date, the days on market average for Boston condos was down 45.1% – to about 45 days
In Back Bay:
- Single-family sales saw a spike in year to date from 2012 rising to $7,037,500!
- Days on market for single families was actually higher than 2012 – at 189 days
- For condos, it was the opposite, days on market was down 42% from last year to 55 days
In South End:
- Days on market for single-family homes was way down from 2012 to 38 – about 50%
- The percentage of list price received on condos was great at 100% on average
- Median sales price for South End condos was much higher than last year as well at $995,000
