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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 Boston residential properties, here’s what happened in Q2 2023 versus Q2 2022:
The Number of SOLD listings decreased by 36% to 432 properties with a top sale of $14 million at 240 Devonshire St #F in Boston.
The Average Sales Price decreased 2% to $1.6 million and the Average Price Per Square Foot increased by 1% to $1,176 per square foot.
The inventory of properties available for sale as measured in months supply increased by 33% to 4.97 months worth of properties for sale.
The average 30-year fixed mortgage rate increased 17% with an average rate of 6.84% 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
Q2 2022 – $1599494.17
Q2 2023 – $1575482.96
decreased by 2%
Average Days On Market
Q2 2022 – 37
Q2 2023 – 43
increased by 16%
Average Sale Price Per Square Foot
Q2 2022 – $1162.37
Q2 2023 – $1176.06
increased by 1%
Median Sales Price
Q2 2022 – $1122500
Q2 2023 – $1190000
increased by 6%
Number of Sold Listings
Q2 2022 – 670
Q2 2023 – 432
decreased by 36%
Months Supply of Inventory
Q2 2022 – 3.73
Q2 2023 – 4.97
increased by 33%
Mortgage Rate
Q2 2022 – 6.84%
Q2 2023 – 5.85%
17% increased
Top 10 Sales
- $14095000 240 Devonshire Street #PH 2B Boston, MA
- $13800000 1 Dalton St #5502 Boston, MA
- $11900000 75 Beacon Street #2 Boston, MA
- $7400000 31 Chestnut Street Boston, MA
- $6825000 240 Devonshire Street #5801 Boston, MA
- $6325000 167 West Brookline Street Boston, MA
- $6125000 240 Devonshire Street #5001 Boston, MA
- $5600000 8 Claremont Park Boston, MA
- $5595000 135 Seaport Blvd #PH3A Boston, MA
- $5400000 144 Beacon Street #8 Boston, MA
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