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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March 2018 Greater Boston Real Estate Market Trends

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


March 2018 Greater Boston Real Estate Market Trends

A limited supply of homes for sale, appreciating home values, and rising mortgage rates tempered sales of single-family homes and condominiums at the start of this spring real estate season from a year ago levels in Greater Boston, according to data issued from the Greater Boston Association of REALTORS® (GBAR).

Sales of detached single-family homes saw a year-over-year decline of 13.1 percent in March as 728 homes were sold compared to the 838 homes sold in March 2017. This year’s sales total is the tenth highest figure on record for the month of March and is a 51.7 percent increase on the February 2018 sales total of 480 homes sold. The condo market also experienced a decline in sales of 10.3 percent from 823 in March 2017 to 738 in March 2018. March condo sales total is the eighth highest on record for the month and is also a 58.4 percent increase on the 466 condos units sold in February 2018.

Condominium
  • March condo sales DOWN -10.3%
  • Median prices UP +6.3% ($547,608)
  • Active Listings DOWN -22.9% to 1,316
  • Listings added to the market DOWN -13.9% over last year (1,247 from 1,449 in 2017)
Single-Family
  • March single-family home sales DOWN -13.1%
  • Median prices UP 4.9% ($579,950)
  • Active Listings DOWN -22.9% to 1,970
  • Listings added to the market DOWN +16.8% over last year (1,576 from 1,894 in 2017)

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

 

March 2018 Boston Real Estate Market Report

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:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube