Here’s May 2018’s Monthly Indicators Report from the Greater Boston Association of Realtors® showing Boston real estate market trends.
May 2018 Greater Boston Real Estate Market Trends
Steady price appreciation, rising interest rates and a shortage of homes for sale in Greater Boston resulted in slower sales of single-family homes and condominiums in May according to data released by the Greater Boston Association of REALTORS® (GBAR).
Sales of single-family detached homes experienced a modest 2.4 percent decline in year-over-year sales in May, as 1,217 homes were sold compared to 1,247 homes sold in May 2017. Despite this softening of sales, this was the fifth highest sales volume on record for the month of May and reflects a 43 percent increase over the 853 homes sold in April. The condo market had a similar cooling in sales volume as 1,060 units were sold last month, which compared to 1,091 condos sold in May 2017 is a 2.8 percent decrease. This was the eighth highest condo sales volume in May and reflects a 23 percent gain in units sold from 859 one month earlier.
- May condo sales DOWN -2.8%
- Median prices UP +4.8% ($550,000)
- Active Listings DOWN -0.3% to 1,955
- Listings added to the market UP +7.5% over last year (1,738 from 1,617 in 2017)
- May single-family home sales DOWN -2.4%
- Median prices UP +5.4% ($629,000)
- Active Listings DOWN -5.3% to 3,080
- Listings added to the market UP +9.6% over last year (2,506 from 2,287 in 2017)
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Designated Residential Real Estate Specialist
As a certified and designated residential real estate specialist, I have the knowledge, experience and expertise to guide you in the important financial decision of buying or selling a home. I have earned various real estate designations over the years to further my skill and proficiency. I am a Certified Residential Specialist, Accredited Buyer Representative and hold the e-Pro and Green designations from the National Association of Realtors®.
I most recently expanded my speciality training and have received the Certified DRS Agent™ designation and The Certified Luxury Home Marketing Specialist® (CLHMS) designation.
Endorsed by the largest medical associations for doctors and doctors in training. The Certified DRS Agent™ designation is for agents who are serious about and committed to serving the needs of the medical community. Only agents, such as myself, that have demonstrated a required level of professionalism and success and who wish to enhance their presence in the medical community are in the network. As a DRS Agent, I am held accountable to a high standard within the network.
I have also earned The Certified Luxury Home Marketing Specialist® (CLHMS) designation that assures affluent buyers and sellers that as their agent, I have the knowledge, experience, competence, and confidence they require. I have completed the required training, met sales requirements and have proven performance in the upper-tier in the Greater Boston real estate market.
I enjoy working with a wide variety of clients and am committed to serving their specific needs.
Address: 27 Chestnut Street Unit 3A, Boston, MA 02108
Offered At: $1,250,000
Open Houses: Sunday, June 3 12:30-2pm and Monday, June 4 5:30-7pm
Offers Due: Tuesday, June 5 at 4pm
Make this home Yours!
On Beacon Hill’s desirable South Slope is this three bedroom two bath condo located at The Hilltop Condominium. This home is ready and waiting for your tasteful design and complete renovation. Large open living dining with floor to ceiling windows. Existing master bedroom with private bath overlooks Chestnut Street. Two bedrooms open onto the veranda above the common courtyard. Galley kitchen with large window facing courtyard. Common roof deck with amazing views of Boston skyline and Charles River. On-site Superintendent, common laundry, private deeded storage and common fitness center round out this great home. Very convenient to Whole Foods, Boston Common, Public Garden, The Esplanade, MGH and all the shops and restaurants of Charles Street. Interior photos virtually staged for marketing purposes.
- Office: 617.394.8648
- Fax: 617.507.5666
- Cell: 617.833.3376