Weekly Boston Condo and Real Estate Sales and Listings Update, February 16, 2008
The following information is from the local MLS database, as of February 16, 2008, compared to (February 9, 2008) (and February 19, 2007 - where available).
Total # of condos for sale in the city of Boston: 2,152 (2,100) (2,052)
Average # of days on market: 142 (145) (141)
Number of condos sold (closed) over past 30 days: 160 (176) (230)
Average days on market, sold units: 102 (105) (143)
Ratio, closing (sales) price to original (list) price: 93% (93%) (92%)
Number of properties going under agreement, last 30 days: 329 (291) (379)
Average days on market: 111 (115) (N/A)
Velocity: $84,672,866 ($94,453,816) (N/A)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)
Total Market Value, condos for sale: $1,316,592,776 ($1,288,755,244) (N/A)
My thoughts: A quiet week during a cool, somewhat snow-free winter.
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Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period 1/16/2008 through 2/16/2008, and the period 1/19/2007 through 2/19/2007.
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