The following is Boston Proper condo and real estate sales data for the week ending July 31 2011 (July 17 2011) (and July 24 2010). All condominium closings recorded by our local MLS during the past month.
Number of units currently on the market: 812 (863) (996)
Average days on market: 131 (128) (134)
Median list price: $667,000 ($650,000) ($629,000)
Average list price: $1,040,865 ($1,010,699) ($1,017,231)
Number of units sold (past 30 days): 181 (169) (167)
Average days on market: 96 (105) (101)
Median close price: $502,500 ($525,000) ($520,000)
Average close price: $720,813 ($771,317) ($688,441)
Original list to close price: 95% (95%) (94%)
Sales velocity: $130,467,115 ($130,352,546) ($114,969,674)
Thoughts: Happy last day of July! Are you enjoying your summer? Looks as though prices are higher this year than last, which is encouraging to sellers but probably discouraging to buyers. Good deals can be had, though!
Sorry for the missed week of data.
This report includes sales and inventory information for condominiums located in the following downtown Boston neighborhoods: South End, Back Bay, Beacon Hill, West End, North End, Waterfront, Seaport District, Chinatown, Leather District, Midtown, and Fenway.
Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc. for the periods between 06/30/2011-07/31/2011, 06/17/2011-07/17/2011, and 06/24/2010-07/24/2010.
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