February 2019 Greater Boston Real Estate Market Trends

Here’s February 2019’s Monthly Indicators Report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


February 2019 Greater Boston Real Estate Market Trends

After tumbling by double-digit percentages in January, sales of detached single-family homes and
condominiums rose sharply on a year-over-year basis in February across metropolitan Boston as improved inventory
levels, a moderation home price appreciation rates, and relatively storm-free winter helped draw homebuyers back into the
market early in 2019, according to data issued today from the Greater Boston Association of REALTORS® (GBAR).

Sales of single-family detached homes saw a year-over-year increase of 21.8 percent in February as 586 homes were sold
compared to the 481 homes sold in February 2018. This year’s sales total is the fifth highest on record for the month of
February. The condo market also experienced an increase in sales as 528 units were sold in 2019, a 13.1 percent increase
from the 467 units sold in February 2018. Last month’s condo sales total is the fourth highest on record for the month.

Condominium
  • February condo sales UP +13.1%
  • Median prices DOWN -2.9% ($530,000)
  • Active Listings UP +22.9% to 1,780
  • Listings added to the market DOWN -1.5% over last year (966 from 981 in 2017)
Single-Family
  • February single-family home sales UP +21.8%
  • Median prices UP +6.7% ($577,500)
  • Active Listings UP +2.4% to 2,056
  • Listings added to the market DOWN -1.7% over last year (1,134 from 1,154 in 2017)

Interested In Specific Neighborhood / Area Real Estate Market Trend Data?

 

February 2019 Greater Boston Market Trends

Anna Roberts

REALTOR® & Operations Executive at Unit Realty Group.

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January 2019 Greater Boston Real Estate Market Trends

Here’s January 2019’s Monthly Indicators Report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


January 2019 Greater Boston Real Estate Market Trends

Despite increased inventory levels and a decline in mortgage rates since last fall, sales of detached single-family homes and condominium fell by double-digit percentages during January in Greater Boston, according to data issued today from the Greater Boston Association of REALTORS® (GBAR).

The detached single-family home market saw sales decline from 794 homes sold in January 2018 to 707 homes last month. This reflects an 11 percent decrease, but still ranks as the tenth highest sales total on record for the month. In the condo market, sales experienced a similar drop in sales volume of 12.4 percent last month, falling from 620 condos sold in January 2018 to 543 sold last month, making it the eighth highest sales total for condos in the month. On a month-to-month basis, sales declined even more significantly, mostly due to seasonal factors, sliding 27 percent from December’s sales volume in each market.

Condominium
  • January condo sales DOWN -12.4%
  • Median prices UP +9.6% ($570,000)
  • Active Listings UP +30.0% to 1,753
  • Listings added to the market UP +47.3% over last year (1,087 from 738 in 2017)
Single-Family
  • January single-family home sales DOWN -11.0%
  • Median prices UP +7.3% ($590,000)
  • Active Listings UP +9.3% to 1,889
  • Listings added to the market UP +37.3% over last year (1,072 from 781 in 2017)

Interested In Specific Neighborhood / Area Real Estate Market Trend Data?

 

December 2018 Greater Boston Market Trends

Anna Roberts

REALTOR® & Operations Executive at Unit Realty Group.

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November 2018 Greater Boston Real Estate Market Trends

Here’s November 2018’s Monthly Indicators Report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


November 2018 Greater Boston Real Estate Market Trends

Appreciating home prices, increased inventory of homes for sale and a strong buyer population helped the detached single-family home market reach a record high for units sold during the month of November, according to data released by the Greater Boston Association of REALTORS® (GBAR).

Last month, a total of 1,214 single-family detached homes were sold in metropolitan Boston, which set a historical high sales total for the month and is a 4.9 percent increase on the 1,157 homes sold in November 2017. Additionally, on a month-to-month basis, single-family home sales rose 11.8 percent from 1,087 in October 2018. 
The condo market, however, experienced a 13.6 percent decline on annual basis, dropping from 979 units sold in November 2017 to 846 last month, which reflects the fourth-highest sales total on record for the month. Despite this drop, the number of condos sold on a month-to-month basis rose 6.7 percent from the 793 units sold in October.

Condominium
  • November condo sales DOWN -13.6%
  • Median prices UP +2.8% ($555,000)
  • Active Listings UP +17.0% to 2,070
  • Listings added to the market DOWN -0.6% over last year (834 from 839 in 2017)
Single-Family
  • November single-family home sales UP +4.9%
  • Median prices UP +4.0% ($588,450)
  • Active Listings UP +0.4% to 2,429
  • Listings added to the market DOWN -4.7% over last year (885 from 929 in 2017)

Interested In Specific Neighborhood / Area Real Estate Market Trend Data?

 

November 2018 Greater Boston Market Trends

Anna Roberts

REALTOR® & Operations Executive at Unit Realty Group.

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