April 2019 Greater Boston Real Estate Market Trends

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


April 2019 Greater Boston Real Estate Market Trends

April continued the moderate climb in inventory we’ve been seeing since February. This, combined with improved interest rates, loosened the tight market a bit and buyers responded 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 10.1 percent in April as 947 homes were sold
compared to the 860 homes sold in April 2019. The condo market dropped slightly in sales as 848 units were sold in 2019, a 4 percent decrease
from the 883 units sold in April 2019.

Condominium
  • April condo sales DOWN -4%
  • Median prices DOWN -5.8% ($559,500)
  • Active Listings UP +15.3% to 2,266
  • Listings added to the market UP +1.5% over last year (1,725 from 1,701 in 2018)
Single-Family
  • April single-family home sales UP +10.1%
  • Median prices UP +1.2% ($618,000)
  • Active Listings DOWN -1.8% to 2,721
  • Listings added to the market DOWN -6.9% over last year (2,031 from 2,182 in 2018)

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

 


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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December 2018 Greater Boston Real Estate Market Trends

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


December 2018 Greater Boston Real Estate Market Trends

Sales of single-family detached homes and condominiums softened in December as higher mortgage rates, instability in the financial markets, and a seasonal decline in the supply of homes for sale led to reduced buyer demand according to data issued by the Greater Boston Association of REALTORS® (GBAR).

In December, a total of 965 single-family detached homes were sold in metropolitan Boston which is an 8.4 percent decline from the 1,053 homes sold in December 2017. The condo market took a similar path, as it experienced an 11.5 percent decline on an annual basis, dropping from 826 units sold in December 2017 to 731 this December.

For year-end totals, 13,568 homes were sold in a Greater Boston in 2018, a 2.2 percent decrease from the 13,867 homes sold in 2017. The condo market experienced a similar decline of 1.7 percent from 11,025 unites sold in 2017 to 10,837 in 2018.

Condominium
  • December condo sales DOWN -11.5%
  • Median prices 0.0% ($539,900)
  • Active Listings UP +22.0% to 1,476
  • Listings added to the market DOWN -3.4% over last year (345 from 357 in 2017)
Single-Family
  • December single-family home sales UP -8.4%
  • Median prices UP +0.2% ($590,000)
  • Active Listings UP -2.6% to 1,677
  • Listings added to the market UP +3.9% over last year (422 from 406 in 2017)

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

 

December 2018 Greater Boston Market 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:
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Real Estate Radio Boston’s “Show of Predictions 2015” [Audio]

Real Estate Radio BostonReal Estate Radio Boston is a weekly real estate program broadcast on WBZ News Radio 1030 each Saturday night hosted by mortgage broker Rick Scherer and real estate lawyer Ali Alavi.

Unit Realty Group’s very own Joe Schutt and Erik Schubert were guests on Real Estate Radio Boston’s “Show of Predictions 2015” recorded on January 3, 2015. Also featured on the broadcast was David McCarthy, broker and Greater Boston Association of Realtors, President.

Real Estate Radio Boston’s “Show of Predictions 2015”

Listen in to hear all the details about what mortgage broker Rick Scherer and real estate lawyer Ali Alavi foresee coming to Greater Boston real estate in 2015 such as changes to the appraisal process and the mortgage industry that you need to know about.

Additionally Joe Schutt, Erik Schubert and David McCarthy share what they believe the next year with bring to area real estate. Further guests share a bit about themselves and the real estate companies they represent.

Hear a recording of the broadcast here »

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:
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