Greater Boston Association of Realtors Monthly Market Insight Report: January 2020

Here’s January’s 2020’s Monthly Indicators Report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


The 762 homes sold in January 2020 was the eighth-highest sales volume
for the month and was a 7.5 percent increase from the 709 homes sold in
January 2019. The median sales price reached a record high for the month
of January at $605,000, which was a 2.7 percent increase from the January
2019 median sales prices of $589,000.

WWith 671 condos sold, it was the third most active January on record in
Greater Boston, and a 21.1 percent increase in sales from the 554 units sold
in January 2019. The median sales price of condos also reached a new
record high for the month of January at $577,500, which is a 2.2 percent
increase from the January 2019 median sales price of $565,000.

This month, there were 174 multi-family units sold in Greater Boston, which
reflects a 21.6 percent increase in sales volume from the 143 multi-family
units sold in January 2019. Notably, all but the two-family unit home markets
experienced increases in median sales price, as that fell a modest 1.5
percent.

Condominium
  • January condo sales UP 21.1%
  • Median prices UP 2.2% ($577,500)
  • Active Listings DOWN -19.1% to 1598
  • Listings added to the market DOWN -8.8% over last year (993 from 1089 in 2019)
Single-Family
  • November single-family home sales UP 7.5%
  • Median prices UP 2.7% ($605,000)
  • Active Listings DOWN 15.1% to 2,382
  • Listings added to the market DOWN -18% over last year (877 from 1069 in 2019)

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

 

January 2020 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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