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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 2023 1st Quarter Vs 2022 1st Quarter.
Massachusetts
Median Sales Price
January 2023: $535600
February 2023: $524200
decreased by 2%
# of Homes Sold
January 2023: 3688
February 2023: 3089
decreased by 16%
#of Homes for Sale
January 2023: 10973
February 2023: 11028
increased by 1%
#of New Homes Listed
January 2023: 3979
February 2023: 4178
increased by 5%
Median Days On Market
January 2023: 31
February 2023: 33
increased by 6%
Homes Sold Above List Price
January 2023: 35.0%
February 2023: 39.4%
increased by 13%
Homes with Price Drops
January 2023: 20.9%
February 2023: 17.0%
decreased by 19%
Average Sale to List Price
January 2023: 99.1%
February 2023: 99.4%
had no change, 0%
Top 10 Metros with the Fastest Growing Sales Price Cities
- Chelmsford, MA 35.3%
- Barnstable, MA 27.9%
- Barnstable Town, MA 27.9%
- Somerville, MA 19.5%
- Plymouth, MA 18.8%
- Newton, MA 17.3%
- Waltham, MA 14.9%
- New Bedford, MA 11.1%
- Taunton, MA 10.2%
- North Andover, MA 8.7%
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