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Welcome to The Griffin Real Estate Market Update, I’m Danny Griffin.
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 Q2 2023 vs Q2 2024:
The Number of SOLD listings decreased by 3% to 444 properties with a top sale of $10.975 million at 25 Beacon Street #3 in Boston.
The Average Sales Price increased 14% to $1.77 million and the Average Price Per Square Foot increased 7% to $1,249 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 1% to 4.73 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 3% to an average rate of 7.02% according to Bank Rate.com
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
Q2 2023 – $1563499.28
Q2 2024 – $1776156.51
increased by 14%
Average Days On Market
Q2 2023 – 43
Q2 2024 – 46
increased by 7%
Average Sale Price Per Square Foot
Q2 2023 – $1168.25988671552
Q2 2024 – $1249.29436541823
increased by 7%
Median Sales Price
Q2 2023 – $1190000
Q2 2024 – $1242500
increased by 4%
Number of Sold Listings
Q2 2023 – 458
Q2 2024 – 444
decreased by 3%
Months Supply of Inventory
Q2 2023 – 4.78
Q2 2024 – 4.73
decreased by 1%
Mortgage Rate
Q2 2023 – 7.02%
Q2 2024 – 6.84%
3% increased
Top 10 Sales
- $10975000 25 Beacon Street #3 Boston, MA
- $9500000 63 Mount Vernon Street #PH Boston, MA
- $8500000 300 Pier 4 Blvd #PHG Boston, MA
- $8300000 6 W Cedar St Boston, MA
- $7875000 102 Chestnut St Boston, MA
- $7425000 200 Beacon Street #4 Boston, MA
- $6550000 300 Pier 4 Boulevard #7C Boston, MA
- $6500000 184 Beacon #Penthouse Boston, MA
- $6075000 341 Commonwealth #PH Boston, MA
- $5995000 240 Devonshire Street #4908 Boston, MA
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