Boston Real Estate Market “Fast Facts” November 2017

Our monthly market stats report was just finished showing comparisons to a variety of Boston real estate market stats in condo, single family, and multifamily markets. We also broke down each neighborhood to show the changes in the market. Here are 9 “fast facts” that we learned from the report:

  • Average sale prices increased 1.8% year over year (November 2017: $907K vs November 2016: $891K).

  • Condos are selling faster than same period last year, average days on the market during this month was 41 vs 42 days during November in 2016.

  • Inventory remains low (752) as well as absorption (1.9months).

  • Sales Closed only 0.6% over its listing price.

  • There was a 24% increase on the number of sales compared to November of 2016.

  • Highest Average Sold Prices per Bedroom in November were in Midtown, Financial District, and Seaport District.
  • Lowest Average Sold Prices per Bedroom in November were in were Mattapan, Hyde Park and West Roxbury.
  • Highest Average Rent Prices per Bedroom in November were in Midtown, Financial District and North End.
  • Lowest Average Rent Prices per Bedroom in November were in Mattapan, Hyde Park and West Roxbury.

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Download the full market report featuring neighborhood level details HERE.

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