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+

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October 2018 Greater Boston Real Estate Market Trends

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


October 2018 Greater Boston Real Estate Market Trends

The combination of a slower sales pace and a steady increase in the number of homes for sale in metropolitan Boston helped to create a more balanced housing market and improved opportunity for buyers entering the residential housing market during October, according to data released by the Greater Boston Association of REALTORS® (GBAR).

Last month, a total of 1,073 single-family detached homes were sold in metropolitan Boston, which was the sixth highest sales total on record for the month but reflects a modest 4.4 percent decrease from the 1,122 homes sold in October 2017. On a month-to-month basis, however, single-family home sales rose a healthy 8.5 percent from September when just 989 homes were sold. Similarly, the condo market declined on an annual basis by 8.6 percent, from 861 units sold in October 2017 to 787 last month, but on a month-to-month basis the number of condos sold rose 3.7 percent from 759 units sold in September.

Condominium
  • October condo sales DOWN -8.6%
  • Median prices UP +7.3% ($542,000)
  • Active Listings UP +13.9% to 2,332
  • Listings added to the market UP 20.3% over last year (1,324 from 1,101 in 2017)
Single-Family
  • October single-family home sales DOWN -4.4%
  • Median prices UP +7.1% ($605,000)
  • Active Listings UP +5.0% to 3,076
  • Listings added to the market UP +20.6% over last year (1,574 from 1,305 in 2017)

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

 

October 2018 Greater Boston Market Trends

Anna Roberts

REALTOR® & Operations Executive at Unit Realty Group.

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Anna Roberts

REALTOR® & Operations Executive at Unit Realty Group.

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