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Welcome to The Griffin Real Estate Market Update.
If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends.
According to MLSPIN, the marketplace for Boston residential properties, here’s what happened in December 2023 vs January 2024:
The Number of SOLD listings decreased by 32% to 63 properties with a top sale of $12.5 million at 776 Boylston Street #PH1F in Boston.
The Average Sales Price increased 3% to $2.04 million and the Average Price Per Square Foot had no change with $1,272 per square foot.
The inventory of properties available for sale as measured in months supply increased by 28% to 3.30 months worth of properties for sale.
The average 30-year fixed mortgage rate decreased 1% with an average rate of 6.84% according to Bank Rate.com
Insight: Ultra luxury continues to lead the market skewing the averages higher yet Boston’s inventory remains high offering plenty of choices.
If you’re thinking about buying or selling residential real estate now or in the near future, it’s important to seek the guidance and advice of a professional real estate agent.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Boston
Average Sales Price
Dec 2023 – $1988586.22
Jan 2024 – $2038694.56
increased by 3%
Average Days On Market
Dec 2023 – 55
Jan 2024 – 80
increased by 45%
Average Sale Price Per Square Foot
Dec 2023 – $1267.38
Jan 2024 – $1271.98
had no change with
Median Sales Price
Dec 2023 – $1349500
Jan 2024 – $1460000
increased by 8%
Number of Sold Listings
Dec 2023 – 92
Jan 2024 – 63
decreased by 32%
Months Supply of Inventory
Dec 2023 – 2.57
Jan 2024 – 3.3
increased by 28%
Mortgage Rate
Dec 2023 – 6.84%
Jan 2024 – 6.90%
1% decreased
Top 10 Sales
- $12500000 776 Boylston St #PH1F Boston, MA
- $7800000 1 Dalton Street #4601 Boston, MA
- $6990000 2 Avery Street #29 E Boston, MA
- $4915000 240 Devonshire Street #4601 Boston, MA
- $4850000 776 Boylston Street #E9D Boston, MA
- $4000000 110 Stuart Street #PH04 Boston, MA
- $3999999 300 Boylston St #601 Boston, MA
- $3965000 83 Warren Ave Boston, MA
- $3050000 240 Devonshire Street #5903 Boston, MA
- $2925000 240 Devonshire Street #5403 Boston, MA
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