October 2017 Greater Boston Real Estate Market Trends

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


October 2017 Greater Boston Real Estate Market Trends

Strong economic fundamentals, a steady influx of foreign investors, and a slightly more
balanced housing market fueled an increase in the sales and prices of both detached single-family homes
and condominiums during October, according to data released today by the Greater Boston Association of
REALTORS® (GBAR).

The 1,101 single-family detached homes sold in October 2017 was the fourth highest sales total on record
for the month and was a 14.3 percent increase of the 963 homes sold in October 2016. With this rise in
sales, it breaks the streak on six consecutive months that the single-family home sales had dropped on a
year-to-year basis. This total was also well above the historical monthly average of 952 homes sold. There
was a modest increase in sales volume in the condo market, as sales rose 1.8 percent to 842 in October
2017 from the 827 units sold in the same month in 2016. This made for the third most active October on
record in Greater Boston for the condo market and was comfortably above the historical monthly sales
average of 747 units sold.

Condominium
  • October condo sales UP +1.8%
  • Median prices UP +6.6% ($511,525)
  • Active Listings UP +4.8% to 2,214
  • Listings added to the market 0.0% over last year (1,105 in 2017, 1,105 in 2016)
Single-Family
  • October single-family home sales UP +14.3%
  • Median prices UP 8.2% ($568,000)
  • Active Listings DOWN -3.4% to 3,360
  • Listings added to the market DOWN -0.1% over last year (1,300 from 1,301 in 2016)

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

 

September 2017 Monthly Boston Real Estate Report Graph

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+

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September 2017 Greater Boston Real Estate Market Trends

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


September 2017 Greater Boston Real Estate Market Trends

A dwindling supply of homes for sale along with steadily appreciating home prices
frustrated buyers across metropolitan Boston as the sales of detached single-family homes and
condominiums declined modestly during September, according to data released by the Greater
Boston Association of REALTORS® (GBAR).

With 1,100 single-family detached homes sold in September 2017, it was the seventh highest sales total
for the month, and was a 5.0 percent decrease in sales volume from the 1,158 homes sold in September
2016. This is the sixth consecutive month that the single-family home sales total has dropped on a year-
to-year basis, however it was slightly above the September historical monthly sales average of 1,017
homes sold. The condo market also experienced a decline in sales as just 865 units were sold in
September 2017, which is a 14.2 percent decrease in sales volume from the 1,008 units sold in September
2016. This was the seventh most active September on record in Greater Boston, and is just above the
historical monthly average of 834 units sold.

Condominium
  • September condo sales DOWN -14.2%
  • Median prices DOWN -2.4% ($497,500)
  • Active Listings UP 3.4% to 2,280
  • Listings added to the market DOWN -2.9% over last year (1,460 from 1,504 in 2016)
Single-Family
  • September single-family home sales DOWN -5.0%
  • Median prices UP 13.6% ($573,500)
  • Active Listings DOWN -5.7% to 3,532
  • Listings added to the market DOWN -1.5% over last year (1,886 from 1,914 in 2016)

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

 

September 2017 Monthly Boston Real Estate Report Graph

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+

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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+

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