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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 Back Bay residential properties, here’s what happened in Q2 2023 versus Q2 2022:
Boston
Average Sales Price
Q3 2022 – $1488217.95
Q3 2023 – $3004398.17
increased by 102%
Average Days On Market
Q3 2022 – 54
Q3 2023 – 50
decreased by 7%
Average Sale Price Per Square Foot
Q3 2022 – $1247.75
Q3 2023 – $1784.36
increased by 43%
Median Sales Price
Q3 2022 – $1185000
Q3 2023 – $1700000
increased by 43%
Number of Sold Listings
Q3 2022 – 83
Q3 2023 – 111
increased by 34%
Months Supply of Inventory
Q3 2022 – 3.67
Q3 2023 – 4.58
increased by 25%
Mortgage Rate
Q3 2022 – 7.55%
Q3 2023 – 6.73%
12% increased
Top 10 Sales
- $18200000 430 Stuart #28BCDE Back Bay, MA
- $15000000 430 Stuart #33C Back Bay, MA
- $13250000 430 Stuart #PH34B Back Bay, MA
- $10195000 430 Stuart #31BC Back Bay, MA
- $9520000 430 Stuart #29AG Back Bay, MA
- $9350000 1 Dalton St #3801 Back Bay, M
- $8980000 430 Stuart #31FG Back Bay, MA
- $8800000 220 Boylston St #1220 Back Bay, MA
- $8595000 430 Stuart #30FG Back Bay, MA
- $7860000 430 Stuart #27C Back Bay, MA
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