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)

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November 2018 Greater Boston Market Trends

October 2018 Greater Boston Real Estate Market Trends

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


October 2018 Greater Boston Real Estate Market Trends

The combination of a slower sales pace and a steady increase in the number of homes for sale in metropolitan Boston helped to create a more balanced housing market and improved opportunity for buyers entering the residential housing market during October, according to data released by the Greater Boston Association of REALTORS® (GBAR).

Last month, a total of 1,073 single-family detached homes were sold in metropolitan Boston, which was the sixth highest sales total on record for the month but reflects a modest 4.4 percent decrease from the 1,122 homes sold in October 2017. On a month-to-month basis, however, single-family home sales rose a healthy 8.5 percent from September when just 989 homes were sold. Similarly, the condo market declined on an annual basis by 8.6 percent, from 861 units sold in October 2017 to 787 last month, but on a month-to-month basis the number of condos sold rose 3.7 percent from 759 units sold in September.

Condominium
  • October condo sales DOWN -8.6%
  • Median prices UP +7.3% ($542,000)
  • Active Listings UP +13.9% to 2,332
  • Listings added to the market UP 20.3% over last year (1,324 from 1,101 in 2017)
Single-Family
  • October single-family home sales DOWN -4.4%
  • Median prices UP +7.1% ($605,000)
  • Active Listings UP +5.0% to 3,076
  • Listings added to the market UP +20.6% over last year (1,574 from 1,305 in 2017)

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

 

October 2018 Greater Boston Market Trends

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