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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 Massachusetts residential properties here’s what happened in February 2023 Vs January 2023.
Massachusetts
Median Sales Price
December 2022: $534100 January 2023: $535500
had no change, 0%
#of Homes Sold
December 2022: 5595
January 2023: 3657
decreased by 35%
# of Homes for Sale
December 2022: 12003
January 2023: 10878
decreased by 9%
# of New Homes Listed
December 2022: 2414
January 2023: 3964
increased by 64%
Median Days On Market
December 2022: 26
January 2023: 31
increased by 19%
Homes Sold Above List Price
December 2022: 40.5%
January 2023: 34.9%
decreased by 14%
Homes with Price Drops
December 2022: 17.9%
January 2023: 21.5%
increased by 20%
Average Sale to List Price
December 2022: 99.6%
January 2023: 99.1%
decreased by 1%
Top 10 Metros with the Fastest Growing Sales Price
- Harwich, MA 30.7%
- Malden, MA 25.0%
- Mashpee, MA 22.0%
- Framingham, MA 18.9% 5. Falmouth, MA 16.0%
- Salem, MA 15.6%
- Attleboro, MA 14.9%
- Fitchburg, MA 12.4%
- Cambridge, MA 12.1%
- Woburn, MA 11.1%
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