May 2018 Greater Boston Real Estate Market Trends

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.

Condominium
  • 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)
Single-Family
  • 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)

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

 

May 2018 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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Boston Residential Real Estate Specialist

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.

Certified DRS AgentEndorsed 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.


Certified Luxury Home Marketing SpecialistI 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.

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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April 2018 Greater Boston Real Estate Market Trends

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


April 2018 Greater Boston Real Estate Market Trends

Sales of single-family homes and condominiums in April increased from year ago levels in Greater Boston as rising mortgage rates, an influx on new listings for sale, and continued strengthening in home values fueled an increase in market activity.

Condominium
  • April condo sales UP +16.2%
  • Median prices UP +14.2% ($593,629)
  • Active Listings DOWN -5.1% to 1,751
  • Listings added to the market UP +21.2% over last year (1,706 from 1,408 in 2017)
Single-Family
  • April single-family home sales UP +0.2%
  • Median prices UP +3.7% ($612,000)
  • Active Listings DOWN -15.3% to 2,541
  • Listings added to the market UP +11.2% over last year (2,196 from 1,974 in 2017)

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

 

April 2018 Greater Boston Rea Estate Market Indicators Report

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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