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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 residential properties, here’s what happened in Q1 2023 vs Q1 2024 :
The Number of SOLD listings decreased by 10% to 207 properties with a top sale of $12.5 million at 776 Boylston St #PH1F in Boston.
The Average Sales Price decreased 3% to $1.85 million and the Average Price Per Square Foot increased 1% to $1,215 per square foot.
The inventory of properties available for sale as measured in months supply remained the same at 4.68 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 8% to an average rate of 7.01% according to Bank Rate.comIf 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.
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
Q1 2023 – $1912603.69
Q1 2024 – $1851104.63
decreased by 3%
Average Days On Market
Q1 2023 – 61
Q1 2024 – 63
increased by 3%
Average Sale Price Per Square Foot
Q1 2023 – $1207.17
Q1 2024 – $1215.24807251373
increased by 1%
Median Sales Price
Q1 2023 – $1180500
Q1 2024 – $1322000
increased by 12%
Number of Sold Listings
Q1 2023 – 230
Q1 2024 – 207
decreased by 10%
Months Supply of Inventory
Q1 2023 – 4.68
Q1 2024 – 4.68
had no change with
Mortgage Rate
Q1 2023 – 7.01%
Q1 2024 – 6.48%
8% increased
Top 10 Sales
- $12500000 776 Boylston St #PH1F Boston, MA
- $9250000 400 Stuart Street #PH2 Boston, MA
- $9250000 110 Sudbury St #4201-5 Boston, MA
- $7800000 1 Dalton Street #4601 Boston, MA
- $6990000 2 Avery Street #29 E Boston, MA
- $5900000 22 Liberty Drive #7A Boston, MA
- $5600000 50 Liberty #3B Boston, MA
- $5300000 128 Beacon #E Boston, MA
- $4915000 240 Devonshire Street #4601 Boston, MA
- $4900000 430 Stuart #26A Boston, MA
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