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Direct Access To All Multiple
Listings Like Realtors®

(Prices and inventory current as of Aug 9, 2022)

See Pictures and updates (icon)See photos and updates from listings directly in your feed

Share with you friends (icon)Share your favorite listings with friends and family

Save your search (icon)Save your search and get new listings directly in your mailbox before everybody else

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Real Estate Market Update | Boston | 2022 2nd Quarter Vs 2021 2nd Quarter

Real Estate Market Update | Boston | 2022 2nd Quarter Vs 2021 2nd Quarter

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 Q2 2022 versus Q2 2021: 

The Number of SOLD listings decreased by 12% to 641 properties  with a top sale of $14.8 million at 17 Louisburg Square in Boston. 

The Average Sales Price increased by 12% to $1.6 million moving the  Average Price Per Square Foot up to $1158 per square foot. 

The inventory of properties available for sale as measured in months  supply decreased by 20% to 4.11 months worth of properties for  sale. 

The average 30 year fixed mortgage rate increased to 3.16%  according to Bank Rate.com.

Boston

Average Sales Price
Q2 2021 – $1422252.86
Q2 2022 – $1599703.5
increased by 12%

Average Days On Market
Q2 2021 – 54
Q2 2022 – 37
decreased by 31%

Average Sale Price Per Square Foot
Q2 2021 – $1090.69
Q2 2022 – $1158.09
increased by 6%

Sale to List Price Ratio
Q2 2021 – 99.03%
Q2 2022 – 100.60%
increased by 2%

Number of Sold Listings
Q2 2021 – 725
Q2 2022 – 641
decreased by 12%

Months Supply of Inventory
Q2 2021 – 5.11
Q2 2022 – 4.11
decreased by 20%

Mortgage Rate
Q2 2021 – 5.85%
Q2 2022 – 3.16%
85% increased

Top 10 Sales

  1. $14800000 17 Louisburg Square Boston, MA
  2. $10000000 10 Rowes Wharf #PH06 Boston, MA
  3. $8000000 361 Beacon Street #3 Boston, MA
  4. $7695000 9 Chestnut Street Boston, MA
  5. $7500000 128 Beacon Street #D Boston, MA
  6. $6678750 22 Liberty Dr #11F Boston, MA
  7. $6475000 17 commonwealth #1 Boston, MA
  8. $6300000 50 Battery St #309-310 Boston, MA
  9. $6300000 343 Commercial St #TH21 Boston, MA
  10. $6250000 1 Dalton #4305 Boston, MA

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