See photos and updates from listings directly in your feed
Share your favorite listings with friends and family
Save your search and get new listings directly in your mailbox before everybody else
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 residential properties, here’s what happened in 2022 versus 2021:
The Number of SOLD listings decreased by 19% to 1764 properties with a top sale of $14.8 million at 17 Louisburg Square in Boston.
The Average Sales Price increased by 2% to $1.54 million and the Average Price Per Square Foot decreased by 2% to $1,140 per square foot.
The inventory of properties available for sale as measured in months supply increased by 51% to 2.95 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 106% to an average rate of 6.74% according to Bank Rate.com
If you’re thinking about buying or selling residential real estate now or in the near future, it’s important to seek the guidance and advice of a professional real estate agent.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Boston
Average Sales Price
2021 – $1514643.49
2022 – $1540478.71
increased by 2%
Average Days On Market
2021 – 57
2022 – 47
decreased by 18%
Average Sale Price Per Square Foot
2021 – $1159.57
2022 – $1139.92
decreased by 2%
Sale to List Price Ratio
2021 – 98.53%
2022 – 99.24%
increased by 1%
Number of Sold Listings
2021 – 2188
2022 – 1764
decreased by 19%
Months Supply of Inventory
2021 – 1.96
2022 – 2.95
increased by 51%
Mortgage Rate
2021 – 6.74%
2022 – 3.27%
106% increased
Top 10 Sales
- $14800000 17 Louisburg Square Boston, MA
- $13350000 776 Boylston Street #E12B Boston, MA
- $13000000 5 Louisburg Square Boston, MA
- $11150000 29 Commonwealth Avenue #2 Boston, MA
- $11000000 2 Avery St #PH2A Boston, MA
- $10350000 29 Commonwealth Avenue #6 Boston, MA
- $10000000 10 Rowes Wharf #PH06 Boston, MA
- $9950000 29 Commonwealth Avenue #5 Boston, MA
- $9500000 110 Sudbury Street #4703-4 Boston, MA
- $9250000 400 Stuart St #PH1 Boston, MA
GRAB OUR FREE COURSES
➡ 6 Steps To Home Buyer Success – http://griffinbuyercourse.com
➡ 7 Steps To Home Seller Plan – http://griffinsellercourse.com
➡ 8 Steps To Agent Success – http://griffinagentcourse.com
