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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 February 2022 versus January 2022:
The Number of SOLD listings decreased by 13% to 93 properties with a top sale of $9.95 million at 29 Commonwealth Avenue #5 in Boston.
The Average Sales Price decreased by 6% to $1.69 million moving the Average Price Per Square Foot down to $1169 per square foot.
The inventory of properties available for sale as measured in months supply increased by 25% to 1.93 months worth of properties for sale.
The average 30 year fixed mortgage rate decreased to 3.71% according to Bank Rate.com
Boston
Average Sales Price
January 2022 – $1806791.78
February 2022 – $1694270.59
decreased by 6%
Average Days On Market
January 2022 – 72
February 2022 – 60
decreased by 17%
Average Sale Price Per Square Foot
January 2022 – $1195.5196644475
February 2022 – $1169.13
decreased by 2%
Sale to List Price Ratio
January 2022 – 97.96%
February 2022 – 97.92%
had no change with
Number of Sold Listings
January 2022 – 107
February 2022 – 93
decreased by 13%
Months Supply of Inventory
January 2022 – 1.54
February 2022 – 1.93
increased by 25%
Mortgage Rate
January 2022 – 4.08%
February 2022 – 3.71%
9% decreased
Top 10 Sales
- $9950000 29 Commonwealth Avenue #5 Boston, MA
- $9500000 110 Sudbury Street #4703-4 Boston, MA
- $4295000 333 Commonwealth Ave #PH22 Boston, MA
- $4200000 776 Boylston Street #E-9F Boston, MA
- $4075000 434 Marlborough St Boston, MA
- $4000000 45 Temple Street #303 Boston, MA
- $3675000 8 Rutland Square #2 Boston, MA
- $3644615 34.5 Beacon Street #1 Boston, MA
- $3445000 135 Seaport Boulevard #1802 Boston, MA
- $3300000 2 Strong Place Boston, MA
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