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Real Estate Market Update | Boston | April 2023 Vs March 2023

Real Estate Market Update | Boston | April 2023 Vs March 2023
May 6, 2023 By: Category: Real Estate Market Update

Real Estate Market Update | Boston | April 2023 Vs March 2023

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 April 2023 versus March 2023: 

The Number of SOLD listings decreased by 7% to 102 properties with a top sale of $5.6 million at 8 Claremont Park in Boston. 

The Average Sales Price decreased by 3% to $1.64 million moving the Average Price Per Square Foot up to $1244 per square foot. 

The inventory of properties available for sale as measured in months supply increased by 14% to 5.51 months worth of properties for sale. 

The average 30 year fixed mortgage rate had no change with to  6.48% according to Bank Rate.com.

Thanks for tuning in, we’ll see you in the next Griffin Real Estate  Market Update.

Boston

Average Sales Price
March 2023 – $1693922.68
April 2023 – $1635128.43
decreased by 3%

Average Days On Market
March 2023 – 54
April 2023 – 45
decreased by 17%

Average Sale Price Per Square Foot
March 2023 – $1165.73
April 2023 – $1243.54
increased by 7%

Sale to List Price Ratio
March 2023 – 98.23%
April 2023 – 98.58%
had no change with

Number of Sold Listings
March 2023 – 110
April 2023 – 102
decreased by 7%

Months Supply of Inventory
March 2023 – 4.84
April 2023 – 5.51
increased by 14%

Mortgage Rate
March 2023 – 6.48%
April 2023 – 6.48%
0% had no change with

Top 10 Sales

  1. $5600000 8 Claremont Park Boston, MA
  2. $5595000 135 Seaport Blvd #PH3A Boston, MA
  3. $5400000 144 Beacon Street #8 Boston, MA
  4. $4900000 401 Beacon Street #4 Boston, MA
  5. $4755000 240 Devonshire Street #4501 Boston, MA
  6. $4750000 10 Rowes Wharf #PH4 Boston, MA
  7. $4090000 240 Devonshire Street #3706 Boston, MA
  8. $3310000 416 Commonwealth Ave #401 Boston, MA
  9. $2785000 100 Beacon St #2B Boston, MA
  10. $2750000 240 Devonshire Street #4603 Boston, MA

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