July 2017 Greater Boston Real Estate Market Trends

Here’s July 2017’s Monthly Indicators report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


July 2017 Greater Boston Real Estate Market Trends

Amid a long-lasting short supply of homes for sale, the median sale price of both single family detached homes and condominiums continued to steadily climb in July while sales eased for the fourth consecutive month, according to data released by the Greater Boston Association of REALTORS® (GBAR).

Sales of single-family detached homes softened slightly last month as 1,533 homes were sold compared to the 1,605 homes sold in July 2016. This is a 4.5 decrease in volume which ranks seventh in all-time homes sold for the month in Greater Boston, and is slightly above the historical monthly average of 1,494 homes sold. The condo market experienced a more modest decline of 1.0 percent, dropping from 1,159 units sold in July 2016 to 1,147 in July 2017. This was also the seventh highest sales total for the month of July and sits just above the historical monthly average of 1,132 units sold.

Condominium
  • July condo sales DOWN -1.0%
  • Median prices UP 7.1% ($530,000)
  • Active Listings DOWN -13.8% to 1,912
  • Listings added to the market DOWN 1.1% over last year (1,111 from 1,123 in 2016)
Single-Family
  • July single-family home sales DOWN -4.5%
  • Median prices UP 5.2% ($605,000)
  • Active Listings DOWN -23.7% to 3,055
  • Listings added to the market DOWN -0.3% over last year (1,332 from 1,336 in 2016)

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

 

July 2017 Greater Boston Real Estate Trends

Joe Schutt

Committed to representing your interests with the highest level of integrity, I am dedicated to service excellence focused on personal attention and building a solid trust relationship. I listen carefully and make my clients feel comfortable in exploring their full range of real estate options and then encourage them to relax and rely on my expertise to insure that the details run smoothly and efficiently. Google+

More Posts - Website

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube

Unit Realty Group Recent Sales

We don’t just list Boston area houses, we sell them. We know how to market real estate, find buyers and help our sellers reach better closings. Browse our most recent sales.

Joe Schutt

Committed to representing your interests with the highest level of integrity, I am dedicated to service excellence focused on personal attention and building a solid trust relationship. I listen carefully and make my clients feel comfortable in exploring their full range of real estate options and then encourage them to relax and rely on my expertise to insure that the details run smoothly and efficiently. Google+

More Posts - Website

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube

June 2017 Greater Boston Market Real Estate Trends

Here’s June 2017’s Monthly Indicators report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


June 2017 Greater Boston Real Estate Market Trends

Amid the continued shortage in the supply of homes for sale in Greater Boston and appreciating home values, sales of single-family homes and condominiums remained steady in June according to data released by the Greater Boston Association of REALTORS® (GBAR).
The single-family detached home market experienced a slight softening in sales in June as 1,907 homes we sold compared to the 1,938 homes sold in June 2016. Despite this 1.6 percent decline, this was the second highest sales volume on record for the month of June in Greater Boston, following last year’s record-high total, and is well above the historical monthly average of 1,663 homes sold. The condo market also experienced a modest decline in sales of 5.0 percent, as the 1,342 condos sold last month fell short of the June 2016 total of 1,413 units sold. This is the sixth highest sales total on record for the month of June and remains above the historical monthly average of 1,284 units sold.

Condominium
  • June condo sales DOWN -5.0%
  • Median prices UP 4.0% ($525,000)
  • Active Listings DOWN -19.5% to 1,864
  • Listings added to the market UP 3.9% over last year (1,506 from 1,449 in 2016)
Single-Family
  • June single-family home sales DOWN -1.6%
  • Median prices UP 5.1% ($615,000)
  • Active Listings DOWN -29.7% to 3,090
  • Listings added to the market DOWN -14.3% over last year (1,845 from 2,152 in 2016)

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

 


June 2017 Real Estate Trends

Joe Schutt

Committed to representing your interests with the highest level of integrity, I am dedicated to service excellence focused on personal attention and building a solid trust relationship. I listen carefully and make my clients feel comfortable in exploring their full range of real estate options and then encourage them to relax and rely on my expertise to insure that the details run smoothly and efficiently. Google+

More Posts - Website

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube