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.
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.
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.
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 firstname.lastname@example.org. 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.