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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 December 2021 versus January 2022:
The Number of SOLD listings decreased by 47% to 100 properties with a top sale of $11 million at 29 Commonwealth Avenue #2 in Boston.
The Average Sales Price increased by 9% to $1.84 million and the Average Price Per Square Foot decreased by 32% to $1,196 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 30% to 1.57 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 13% to an average rate of 3.71% 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
December 2021 – $1683151.15
January 2022 – $1835717.4
increased by 9%
Average Days On Market
December 2021 – 56
January 2022 – 73
increased by 30%
Average Sale Price Per Square Foot
December 2021 – $1770.97071937872
January 2022 – $1196.19
decreased by 32%
Sale to List Price Ratio
December 2021 – 98.58%
January 2022 – 97.80%
decreased by 1%
Number of Sold Listings
December 2021 – 189
January 2022 – 100
decreased by 47%
Months Supply of Inventory
December 2021 – 2.24
January 2022 – 1.57
decreased by 30%
Mortgage Rate
December 2021 – 3.71%
January 2022 – 3.27%
13% increased by 13%
Top 10 Sales
- $11150000 29 Commonwealth Avenue #2 Boston, MA
- $10350000 29 Commonwealth Avenue #6 Boston, MA
- $5870000 4-5 Arlington #3 Boston, MA
- $5500000 59 Mount Vernon St Boston, MA
- $5152000 133 Seaport Boulevard #PH 3A Boston, MA
- $4299000 135 Seaport Boulevard #2206 Boston, MA
- $4250000 45 Province St #PH3A Boston, MA
- $3925000 185 Marlborough Street #3 Boston, MA
- 9. $3915100 100 Belvidere St #4A Boston, MA
- $3900000 1 Franklin St #5504 Boston, MA
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