Wednesday, January 21, 2015

Greater Boston Market Update



WHAT ARE THE CURRENT SALES NUMBERS?
The Greater Boston Fall market closed out 2014 in an impressive December finish, with pending contracts up +35.2% over last December. Closed sales this December were up 20% to 405 from 335 in November and down -12.9% from December 2013’s 465. 

HOW DOES THE INVENTORY LOOK IN GREATER BOSTON?
Available Inventory in Greater Boston dropped -25.5% from 1,387 units in November to 1,033 in December. Year-over-year this represents -7.8% fewer properties for sale compared to December 2013 at 1,120 units.

HOW ARE THE PRICES IN GREATER BOSTON LOOKING?
The average sale price in Greater Boston rose 1.1% to $674,638 in December from $667,557 in November and is down 2% from last December. The Median price is up +9.1% from $449,000 to $490,000 year-over-year.



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