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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 August 2021 versus July 2021:
The Number of SOLD listings decreased by 27% to 163 properties with a top sale of $15.15 million at 7 Mount Vernon Place in Boston.
The Average Sales Price decreased by 3% to $1.51 million moving the Average Price Per Square Foot down to $1068 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 21% to 3.64 months worth of properties for sale.
The average 30 years fixed mortgage rate had no change with to 3.04% 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
July 2021 – $1563650.47321429
August 2021 – $1514860.85294479
decreased by 3%
Average Days On Market
July 2021 – 45
August 2021 – 55
increased by 22%
Average Sale Price Per Square Foot
July 2021 – $1131.86
August 2021 – $1068.33
decreased by 6%
Sale to List Price Ratio
July 2021 – 99.25%
August 2021 – 98.66%
decreased by 1%
Number of Sold Listings
July 2021 – 224
August 2021 – 163
decreased by 27%
Months Supply of Inventory
July 2021 – 4.62
August 2021 – 3.64
decreased by 21%
Mortgage Rate
July 2021 – 3.04%
August 2021 – 3.04%
0% had no change with
Top 10 Sales
- $15150000 7 Mount Vernon Place Boston, MA
- $8050000 288 Commonwealth Ave #PH Boston, MA
- $7000000 212 Commonwealth Ave #2 Boston, MA
- $6750000 160 West Canton St Boston, MA
- $5650000 4-5 Arlington #3 Boston, MA
- $5300000 100 Belvidere Street #11A Boston, MA
- $4750000 110 Sudbury Street #4002 Boston, MA
- $4395000 199 Saint Botolph St Boston, MA
- $3900000 355 Congress #Penthouse Boston, MA
- $3750000 192 Commonwealth #4 Boston, MA
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