The Greater Boston Association of Realtors just released their most recent market statistics for the city, with figures that highlight the changes in specific neighborhoods throughout the city on a detailed month-to-month and year-to-year basis. Like any report, this one packs a punch - specifically to certain areas which we've highlighted for you below:
- It seems that the median sale price for Boston single-family properties was up almost 18% from last year to $426,750.
- The inventory of Boston condominiums for sales was down by about 1/3 or roughly 30% from 2012.
- Boston condos seemed to turn over much faster in November 2013, down to 49 from 69 in 2012.
- Counting all of 2013 up to November, the average days on market for Boston condos was down by 45%, or roughly about 45 days.
- The number of single-family home sales in Back Bay spiked more than 200%, with year to date sales of $7,037,500 compared to $3.1 million last year during the same period.
- Alongside the sales growing was the average days on market these properties lingered for, this year it was higher at 189 days, significantly disconnected from 2012's average days of market of zero.
- However, it's an all together different picture for condos - average days on market this year (January to November) was at 55, down 42% from 2012's 55 days to sell.
- Days on market for single-family homes was way down to 38, about a 50% difference from 2012.
- 100% of listings in the South End fetched and closed for asking, or even higher in certain cases.
- Median sales price for South End condos was at $995,000, almost 42% higher than last year's median sales price of $702,000.
A copy of The Greater Boston Association of Realtors' Monthly Housing Report can be found here.