October 2017 Greater Boston Real Estate Market Trends

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


October 2017 Greater Boston Real Estate Market Trends

Strong economic fundamentals, a steady influx of foreign investors, and a slightly more
balanced housing market fueled an increase in the sales and prices of both detached single-family homes
and condominiums during October, according to data released today by the Greater Boston Association of
REALTORS® (GBAR).

The 1,101 single-family detached homes sold in October 2017 was the fourth highest sales total on record
for the month and was a 14.3 percent increase of the 963 homes sold in October 2016. With this rise in
sales, it breaks the streak on six consecutive months that the single-family home sales had dropped on a
year-to-year basis. This total was also well above the historical monthly average of 952 homes sold. There
was a modest increase in sales volume in the condo market, as sales rose 1.8 percent to 842 in October
2017 from the 827 units sold in the same month in 2016. This made for the third most active October on
record in Greater Boston for the condo market and was comfortably above the historical monthly sales
average of 747 units sold.

Condominium
  • October condo sales UP +1.8%
  • Median prices UP +6.6% ($511,525)
  • Active Listings UP +4.8% to 2,214
  • Listings added to the market 0.0% over last year (1,105 in 2017, 1,105 in 2016)
Single-Family
  • October single-family home sales UP +14.3%
  • Median prices UP 8.2% ($568,000)
  • Active Listings DOWN -3.4% to 3,360
  • Listings added to the market DOWN -0.1% over last year (1,300 from 1,301 in 2016)

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

 

September 2017 Monthly Boston Real Estate Report Graph

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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September 2017 Greater Boston Real Estate Market Trends

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


September 2017 Greater Boston Real Estate Market Trends

A dwindling supply of homes for sale along with steadily appreciating home prices
frustrated buyers across metropolitan Boston as the sales of detached single-family homes and
condominiums declined modestly during September, according to data released by the Greater
Boston Association of REALTORS® (GBAR).

With 1,100 single-family detached homes sold in September 2017, it was the seventh highest sales total
for the month, and was a 5.0 percent decrease in sales volume from the 1,158 homes sold in September
2016. This is the sixth consecutive month that the single-family home sales total has dropped on a year-
to-year basis, however it was slightly above the September historical monthly sales average of 1,017
homes sold. The condo market also experienced a decline in sales as just 865 units were sold in
September 2017, which is a 14.2 percent decrease in sales volume from the 1,008 units sold in September
2016. This was the seventh most active September on record in Greater Boston, and is just above the
historical monthly average of 834 units sold.

Condominium
  • September condo sales DOWN -14.2%
  • Median prices DOWN -2.4% ($497,500)
  • Active Listings UP 3.4% to 2,280
  • Listings added to the market DOWN -2.9% over last year (1,460 from 1,504 in 2016)
Single-Family
  • September single-family home sales DOWN -5.0%
  • Median prices UP 13.6% ($573,500)
  • Active Listings DOWN -5.7% to 3,532
  • Listings added to the market DOWN -1.5% over last year (1,886 from 1,914 in 2016)

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

 

September 2017 Monthly Boston Real Estate Report Graph

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:
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August 2017 Greater Boston Real Estate Market Trends

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


August 2017 Greater Boston Real Estate Market Trends

A persistent short supply of homes as well as record-high monthly median sale prices have contributed to a slight softening of detached single-family homes sales and condominium sales during the month of August in Greater Boston according to data released today by the Greater Boston Association of REALTORS® (GBAR).

With 1,597 single-family detached homes sold in August 2017, it was the sixth highest sales total for the month, and was a 7.2 percent decrease in sales volume from the August record-high of 1,721 homes sold in August 2016. This is the fifth consecutive month that the single-family sales total has dropped on a year-to-year basis, however the August sales volume is 3.7 percent higher than those in July (1,540 homes sold). The condo market also experienced a softening in sales as 1,161 condos were sold in August 2017, which is a 4.7 percent drop in volume from the 1,218 units sold in August 2016. This was the tenth most active August on record in Greater Boston and compares favorably to the sales pace of July 2017 when 1,159 units were sold.


Condominium
  • August condo sales DOWN -4.7%
  • Median prices UP 7.0% ($535,000)
  • Active Listings DOWN -0.9% to 1,803
  • Listings added to the market DOWN -6.0% over last year (905 from 963 in 2016)
Single-Family
  • August single-family home sales DOWN -7.2%
  • Median prices UP 6.1% ($610,000)
  • Active Listings DOWN -9.5% to 2,970
  • Listings added to the market UP 2.1% over last year (1,251 from 1,225 in 2016)

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

 

Greater Boston Real Estate Market Summary Graphic

Anna Roberts

"I get great joy in seeing a happy client. If it requires going the extra mile to make it happen, I will do it." Anna Roberts, Operations Executive & Agent at Unit Realty Group.

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