June 2018 Greater Boston Real Estate Market Trends

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


June 2018 Greater Boston Real Estate Market Trends

Sales of single-family homes and condominiums remained historically strong in June but were unable to keep pace with year ago levels due to stubbornly low inventory levels and steadily appreciating home values, according to data issued by the Greater Boston Association of REALTORS® (GBAR).

The single-family detached home market experienced a softening in sales in June as 1,822 homes were sold compared to 1,942 homes sold in June 2017, which was a record high for the month. Despite this 6.2 percent decline, this was the fifth highest sales volume on record for the month of June in Greater Boston and reflects a near 50 percent increase in home sales over the number of homes sold in May. The condo market experienced a more modest decline in sales of 2.3 percent, as the 1,342 condos sold last month fell short of the June 2017 total of 1,374 units sold. This is the seventh highest sales total on record for the month of June and a healthy 20 percent improvement from the previous month.

Condominium
  • June condo sales DOWN -5.7%
  • Median prices UP +10.6% ($575,000)
  • Active Listings UP +1.6% to 2,007
  • Listings added to the market DOWN -2.8% over last year (1,473 from 1,516 in 2017)
Single-Family
  • June single-family home sales DOWN -6.2%
  • Median prices UP +7.1% ($652,500)
  • Active Listings DOWN -4.6% to 3,059
  • Listings added to the market UP +5.7% over last year (1,961 from 1,856 in 2017)

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June 2018 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+

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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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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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