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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 July 2022 versus June 2022:
The Number of SOLD listings decreased by 35% to 167 properties with a top sale of $13 million at 5 Louisburg Square in Boston.
The Average Sales Price decreased by 9% to $1.4 million moving the Average Price Per Square Foot down to $1091 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 1% to 3.8 months worth of properties for sale.
The average 30 year fixed mortgage rate decreased to 5.85% according to Bank Rate.com.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Boston
Average Sales Price
June 2022 – $1544808.12
July 2022 – $1403579.17
decreased by 9%
Average Days On Market
June 2022 – 29
July 2022 – 35
increased by 21%
Average Sale Price Per Square Foot
June 2022 – $1121.24
July 2022 – $1091.03608757756
decreased by 3%
Sale to List Price Ratio
June 2022 – 100.85%
July 2022 – 99.92%
decreased by 1%
Number of Sold Listings
June 2022 – 257
July 2022 – 167
decreased by 35%
Months Supply of Inventory
June 2022 – 3.84
July 2022 – 3.8
decreased by 1%
Mortgage Rate
June 2022 – 5.59%
July 2022 – 5.85%
4% decreased
Top 10 Sales
- $13000000 5 Louisburg Square Boston, MA
- $5800000 54 Pinckney St Boston, MA
- $5100000 110 Broad St #PH3 Boston, MA
- $4300000 730 Tremont Street #1 Boston, MA
- $3890000 9 Claremont Park Boston, MA
- $3850000 68 Pinckney St Boston, MA
- $3425000 128 Pembroke Street #2-3 Boston, MA
- $3400000 2 Avery Street #31C Boston, MA
- $3265000 380 Harrison Avenue #PH2K Boston, MA
- $3180000 329 Commonwealth Ave #3 Boston, MA
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