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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July 2017 Greater Boston Real Estate Market Trends

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


July 2017 Greater Boston Real Estate Market Trends

Amid a long-lasting short supply of homes for sale, the median sale price of both single family detached homes and condominiums continued to steadily climb in July while sales eased for the fourth consecutive month, according to data released by the Greater Boston Association of REALTORS® (GBAR).

Sales of single-family detached homes softened slightly last month as 1,533 homes were sold compared to the 1,605 homes sold in July 2016. This is a 4.5 decrease in volume which ranks seventh in all-time homes sold for the month in Greater Boston, and is slightly above the historical monthly average of 1,494 homes sold. The condo market experienced a more modest decline of 1.0 percent, dropping from 1,159 units sold in July 2016 to 1,147 in July 2017. This was also the seventh highest sales total for the month of July and sits just above the historical monthly average of 1,132 units sold.

Condominium
  • July condo sales DOWN -1.0%
  • Median prices UP 7.1% ($530,000)
  • Active Listings DOWN -13.8% to 1,912
  • Listings added to the market DOWN 1.1% over last year (1,111 from 1,123 in 2016)
Single-Family
  • July single-family home sales DOWN -4.5%
  • Median prices UP 5.2% ($605,000)
  • Active Listings DOWN -23.7% to 3,055
  • Listings added to the market DOWN -0.3% over last year (1,332 from 1,336 in 2016)

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

 

July 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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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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