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Boston MA Condo Real Estate Statistics For 2nd Quarter 2013

Prices continue to rise in Boston and the length of time it takes to sell has continued to decrease. The Boston MA condo real estate statistics for 2nd quarter 2013 in this blog include numbers on average sales, number of listings, and marketing time frames for the previous several years. Average sale price offers valuable details about the condition of the market, particularly when compared to previous years. The volume of listings shows us how active the market is. Lastly, the number of days on market represents demand. When viewed together, these 3 figures may help you assess whether it is the optimal time to buy or list a property, how long that process may take, and the price you are likely to pay.

Condo Property Sales for Boston MA

2nd Quarter Average Selling Price

The average selling price in Boston MA for the 2nd quarter increased 7.26% from $552,376 to $592,469. This after it increased 3.31% from $534,655 to $552,376. That after a 11.44% change. This demonstrates a continual increase during the last 4 years.

2008 $538,422
2009 $454,418
2010 $479,760
2011 $534,655
2012 $552,376
2013 $592,469

2nd Quarter Listing Volume

The Listing volume in Boston MA for the 2nd quarter decreased -1.58% from 1391 to 1369. During the previous period, it increased 26.11% from 1103 to 1391. Before that there was a -14.63% change. There is no consistent pattern during the last few years.

2008 1240
2009 970
2010 1292
2011 1103
2012 1391
2013 1369

2nd Quarter Average Days On Market

The Average days on market in Boston MA for the 2nd quarter decreased -49.41% from 85 to 43. This after it decreased -13.27% from 98 to 85. Prior to that was a 7.69% change. There is no consistent pattern during the last few years.

2008 103
2009 102
2010 91
2011 98
2012 85
2013 43

Boston MA Condo Real Estate Statistics For 2nd Quarter 2013

Interest rates are still low. Prices are continuing to rise. Now is a great time to buy before prices and rates continue to rise. Please contact me for mortgage options with as little as 3% down and NO PMI. For additional Boston MA condo real estate statistics for 2nd quarter 2013 or statistics for other cities and towns,  please contact Christopher Graves, Operations Manager at Emery Federal Credit Union by calling 978-376-5389 or 781-759-1200 x22 or emailing christopher.d.graves@gmail.com. Note: This information was compiled from third parties including public records and the MA MLS Property Information Network, Inc. It is intended to offer a general overview of the market, are not guaranteed accurate, and might not necessarily include every condo transferred in Boston.

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About Chris Graves

I grew up in Massachusetts, spent the majority of my young adult life in Boston, and own a home in Windham NH. I have owned properties in MA and NH. I specialize in mortgage lending in Massachusetts and New Hampshire and my company does have the ability to lend in other states. I graduated from the University of Massachusetts in Amherst Massachusetts in 2002. I have a Bachelor’s in Science. In addition to managing a team of loan officers my personal loan production is always in the top of the entire of company. I have personally been in the mortgage business for over 13 years. I pride myself with taking my clients from application to close in the smoothest and quickest way possible, while keeping them well informed during the entire process. I originate my own loans from start to finish and work hand in hand with my loan processors & underwriters to make sure I am updated to the minute with all of my files. I stay up to date with lending guidelines and speak with underwriters on a daily basis to ensure I am aware of all of the lending guidelines in place.

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