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Real Estate Market Update | Boston | January 2023 Vs December 2022

Real Estate Market Update | Boston | January 2023 Vs December 2022
February 4, 2023 By: Category: Real Estate Market Update

Real Estate Market Update | Boston | January 2023 Vs December 2022

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 January 2023 versus December  2022: 

The Number of SOLD listings decreased by 36% to 61 properties with a top sale of $23 million at 776 Boylston Street #PH2E in  Boston. 

The Average Sales Price increased by 69% to $2.52 million moving the Average Price Per Square Foot up to $1326 per square foot. 

The inventory of properties available for sale as measured in months supply increased by 25% to 3.42 months’ worth of properties for sale. 

The average 30-year fixed mortgage rate decreased to 6.74%  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 2022 – $1489096.56
January 2023 – $2522959.9
increased by 69%

Average Days On Market
December 2022 – 57
January 2023 – 63
increased by 11%

Average Sale Price Per Square Foot
December 2022 – $1085.6
January 2023 – $1326.47
increased by 22%

Sale to List Price Ratio
December 2022 – 97.56%
January 2023 – 96.34%
decreased by 1%

Number of Sold Listings
December 2022 – 95
January 2023 – 61
decreased by 36%

Months Supply of Inventory
December 2022 – 2.74
January 2023 – 3.42
increased by 25%

Mortgage Rate
December 2022 – 6.42%
January 2023 – 6.74%
5% decreased

Top 10 Sales

  1. $23000000 776 Boylston Street #PH2E Boston, MA
  2. $14400000 122 Commonwealth Avenue #PH Boston, MA
  3. $13500000 50 Liberty Drive #PH1B Boston, MA
  4. $12500000 220 Boylston #1209 Boston, MA
  5. $6745000 161 West Canton Street Boston, MA
  6. $5000000 1 Dalton #2603 Boston, MA
  7. $4250000 20 Rowes Wharf #709 Boston, MA
  8. $3800000 776 Boylston Street #W9D Boston, MA
  9. $3275000 1 Charles S #PH103 Boston, MA
  10. $3250000 505 Tremont #610 Boston, MA

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