The most recent market reports were just released and showed some exciting movements in the Boston real estate market. According to July sales, condo owners in Boston received 1.1% MORE than list price on average. To go along with this, we saw an increase in average sales price of more than 8% to $496,500.

Take a look at the numbers:

As you can see, there were substantial increases in the Single Family market as well, with an increase in median sales price of almost 10% to $515,000. We also see less inventory in both areas with about 2 months of inventory across Boston citywide.

By Neighborhood

Breaking it down to look at some of the core Boston neighborhoods, we saw similar movements in the market.

• Back Bay Condo sellers received 100.8% of list price during the month, with an average sales price of $1,050,000
• In the South End, we saw similar numbers at 100.5% of list price
• Also, in Fenway, with an average condo sale price of $585,000, sellers received 102.5% of list price from the year before.

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