June 2017 Greater Boston Market Real Estate Trends

Here’s June 2017’s Monthly Indicators report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


June 2017 Greater Boston Real Estate Market Trends

Amid the continued shortage in the supply of homes for sale in Greater Boston and appreciating home values, sales of single-family homes and condominiums remained steady in June according to data released by the Greater Boston Association of REALTORS® (GBAR).
The single-family detached home market experienced a slight softening in sales in June as 1,907 homes we sold compared to the 1,938 homes sold in June 2016. Despite this 1.6 percent decline, this was the second highest sales volume on record for the month of June in Greater Boston, following last year’s record-high total, and is well above the historical monthly average of 1,663 homes sold. The condo market also experienced a modest decline in sales of 5.0 percent, as the 1,342 condos sold last month fell short of the June 2016 total of 1,413 units sold. This is the sixth highest sales total on record for the month of June and remains above the historical monthly average of 1,284 units sold.

Condominium
  • June condo sales DOWN -5.0%
  • Median prices UP 4.0% ($525,000)
  • Active Listings DOWN -19.5% to 1,864
  • Listings added to the market UP 3.9% over last year (1,506 from 1,449 in 2016)
Single-Family
  • June single-family home sales DOWN -1.6%
  • Median prices UP 5.1% ($615,000)
  • Active Listings DOWN -29.7% to 3,090
  • Listings added to the market DOWN -14.3% over last year (1,845 from 2,152 in 2016)

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June 2017 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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May 2017 Greater Boston Real Estate Trends

Here’s May 2017’s Monthly Indicators report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


May 2017 Greater Boston Real Estate Market Trends

Sales of single-family detached homes experienced a modest 2.2 percent decline in year-over-years sales in May, as 1,221 homes were sold compared to 1,249 homes sold in May 2016. Despite this softening of sales, this was the fourth highest sales volume on record for the month of May and was comfortably above the historical monthly average of 1,131 homes sold. The condo market had a similar cooling in sales volume as 1,074 units were sold last month, which compared to 1,122 condos sold in May 2016 is a 4.3 percent decrease. This was the sixth highest condo sales volume in May and was also above the historical average sales volume of 1,027 units sold.

Condominium
  • May condo sales DOWN -4.3%
  • Median prices UP 8.9% ($525,381)
  • Active Listings DOWN -21.1% to 1,774
  • Listings added to the market UP 10.5% over last year (1,619 from 1,4865 in 2016)
Single-Family
  • May single-family home sales DOWN -2.2%
  • Median prices UP 13.1% ($600,000)
  • Active Listings DOWN -29.6% to 2,978
  • Listings added to the market UP 8.0% over last year (2,280 from 2,111 in 2016)

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

 

May 2017 Greater Boston Real Estate Trends 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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March 2017 Greater Boston Real Estate Market Trends

Here’s March 2017’s Monthly Indicators report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


March 2017 Greater Boston Real Estate Market Trends

The spring housing market got off to a strong start as sales of single-family homes and condominiums rose in March, following a mild winter, steady incoming job growth, and high buyer demand according to data issued today by the Greater Boston Association of REALTORS® (GBAR).

Sales of single-family detached homes saw a 5.6 percent increase in year-over-year sales in March, as 825 homes were sold compared to the 781 homes sold in March 2016. This is the fifth highest sales total on record for the month of March and is the highest sales total since the record 1,001 homes sold in March 2007. Likewise, sales of condos rose 7.1 percent from March 2016 to last month as 810 condos were sold compared to 756 the previous year. Last month’s condo sales were the fourth highest on record, and similar to the single-family sales, was the highest sales total since the record 950 condos sold in March 2007.

Condominium
  • March condo sales UP 7.1%
  • Median prices UP 8.6% ($520,000)
  • Active Listings DOWN -28.8% to 1,501
  • Listings added to the market DOWN -7.5% over last year (1,436 from 1,553 in 2016)
Single-Family
  • March single-family home sales UP 5.6%
  • Median prices UP 17.5% ($555,000)
  • Active Listings DOWN -36.0% to 2,296
  • Listings added to the market DOWN -14.5% over last year (1,881 from 2,199 in 2016)

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

 

March 2017 Greater Boston 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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