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+

More Posts - Website

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube

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+

More Posts - Website

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube

March 2018 Greater Boston Real Estate Market Trends

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


March 2018 Greater Boston Real Estate Market Trends

A limited supply of homes for sale, appreciating home values, and rising mortgage rates tempered sales of single-family homes and condominiums at the start of this spring real estate season from a year ago levels in Greater Boston, according to data issued from the Greater Boston Association of REALTORS® (GBAR).

Sales of detached single-family homes saw a year-over-year decline of 13.1 percent in March as 728 homes were sold compared to the 838 homes sold in March 2017. This year’s sales total is the tenth highest figure on record for the month of March and is a 51.7 percent increase on the February 2018 sales total of 480 homes sold. The condo market also experienced a decline in sales of 10.3 percent from 823 in March 2017 to 738 in March 2018. March condo sales total is the eighth highest on record for the month and is also a 58.4 percent increase on the 466 condos units sold in February 2018.

Condominium
  • March condo sales DOWN -10.3%
  • Median prices UP +6.3% ($547,608)
  • Active Listings DOWN -22.9% to 1,316
  • Listings added to the market DOWN -13.9% over last year (1,247 from 1,449 in 2017)
Single-Family
  • March single-family home sales DOWN -13.1%
  • Median prices UP 4.9% ($579,950)
  • Active Listings DOWN -22.9% to 1,970
  • Listings added to the market DOWN +16.8% over last year (1,576 from 1,894 in 2017)

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

 

March 2018 Boston Real Estate Market 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+

More Posts - Website

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube