November 2018 Greater Boston Real Estate Market Trends

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


November 2018 Greater Boston Real Estate Market Trends

Appreciating home prices, increased inventory of homes for sale and a strong buyer population helped the detached single-family home market reach a record high for units sold during the month of November, according to data released by the Greater Boston Association of REALTORS® (GBAR).

Last month, a total of 1,214 single-family detached homes were sold in metropolitan Boston, which set a historical high sales total for the month and is a 4.9 percent increase on the 1,157 homes sold in November 2017. Additionally, on a month-to-month basis, single-family home sales rose 11.8 percent from 1,087 in October 2018. 
The condo market, however, experienced a 13.6 percent decline on annual basis, dropping from 979 units sold in November 2017 to 846 last month, which reflects the fourth-highest sales total on record for the month. Despite this drop, the number of condos sold on a month-to-month basis rose 6.7 percent from the 793 units sold in October.

Condominium
  • November condo sales DOWN -13.6%
  • Median prices UP +2.8% ($555,000)
  • Active Listings UP +17.0% to 2,070
  • Listings added to the market DOWN -0.6% over last year (834 from 839 in 2017)
Single-Family
  • November single-family home sales UP +4.9%
  • Median prices UP +4.0% ($588,450)
  • Active Listings UP +0.4% to 2,429
  • Listings added to the market DOWN -4.7% over last year (885 from 929 in 2017)

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

 

November 2018 Greater Boston Market Trends

Anna Roberts

REALTOR® & Operations Executive at Unit Realty Group.

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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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20 Questions with Unit Realty Group Agent Anna Roberts

Anna Roberts: Q&A

Unit Realty Group_Anna Roberts

  1. Describe your dream home? Shingled-craftsman style bungalow by the water
  2. What is your Starbucks order? Grande soy latte
  3. Hometown? Cohasset, MA (but spent my younger years in Atlanta, GA)
  4. Favorite neighborhood? Beacon Hill
  5. Adult beverage? Craft beer, but also love a good margarita
  6. Most used emoji?
  7. Favorite room in the house? Three season porch
  8. Favorite park? Charles River Esplanade
  9. Charity of choice? Operation Christmas Child
  10. Morning routine? Devotional, coffee, walk the dog
  11. Fixer upper or turn key? Fixer Upper
  12. Favorite city activity? Concerts at House of Blues and SoWa Market
  13. Favorite local shop? Charles Street Supply Store
  14. RedSox, Bruins, Celtics or Patriots? Alabama football, Roll Tide!
  15. Cat or dog? Dog
  16. Favorite restaurant? Tip Tap Room
  17. Favorite season? Summer. You can find me at the beach
  18. Guilty pleasure? Ben and Jerry’s Ice Cream (Chubby Hubby or Cookie Dough)
  19. Favorite candy? Kit Kat
  20. Favorite color? #UnitOrange has really grown on me

Click over to our agent page to read Anna’s full bio.

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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