Boston Real Estate Market Quarterly Report Q2 2017

Understanding the market in Boston includes looking at the data so that you can make the best decisions as a buyer, seller, renter, or investor. Each quarter, we put together an extensive market report that looks at statistics like sales price, time on market, etc. Download the full report here and check out some of the “fast facts” included in the report:

Metro Boston Fast Facts

  • Average sale prices increased by 8% year over year (2Q2017: $797K VS  2Q2016: $737K)

  • Condos are selling faster than same period last year, average days on the market during this quarter was 32 vs 41 during 2nd quarter in 2016.

  • Inventory remains low (849) as well as absorption(1.2 months)

  • Sales Closed 3.1% over its listing price.

Boston Luxury Market (Top 10% of the market)

  • Average sale price for this market increased by 16% (2Q2017: $2,971,286 Vs  2Q2016: $2,556,740)

  • On average, condos in this market sold 1.5% below the listing price.

  • Total volume of this market was $381 million.

  • Number of sales decreased by 2% year over year (2Q2017: 128 Vs 2Q2016: 131)

City of Boston

  • Average sale prices increased by 9% year over year (2Q2017: $864K Vs 2Q2016: $792K)

  • Condos sold 19% faster than same quarter last year (2Q2017: 37 DOM Vs 2Q2016: 45 DOM)

  • Number of sales decreased by 2% year over year (2Q2017: 1274 Vs 2Q2016: 1297)

  • Condos in this area sold 2.4%  above its listing price

  • Most expensive neighborhoods to buy a condo this quarter were Midtown, Back Bay and Beacon Hill.

  • Most affordable neighborhoods to buy a condo this quarter were Mattapan, Hyde Park and Roxbury.

Download full report here.

Market Report CTA

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