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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 July 2023 vs June 2023:
The Number of SOLD listings decreased by 13% to 172 properties with a top sale of $18.2 million at 430 Stuart #28BCDE in Boston.
The Average Sales Price increased 36% to $1.5 million and the Average Price Per Square Foot increased by 23% to $1,367 per square foot.
The inventory of properties available for sale as measured in months supply increased by 3% to 4.93 months worth of properties for sale.
The average 30-year fixed mortgage rate increased 2% with an average rate of 6.98% according to Bank Rate.com
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
June 2023 – $1480869.54
July 2023 – $2081745.35
increased by 41%
Average Days On Market
June 2023 – 42
July 2023 – 43
increased by 2%
Average Sale Price Per Square Foot
June 2023 – $1112.65
July 2023 – $1367.09
increased by 23%
Median Sales Price
June 2023 – $1100000
July 2023 – $1495000
increased by 36%
Number of Sold Listings
June 2023 – 198
July 2023 – 172
decreased by 13%
Months Supply of Inventory
June 2023 – 4.78
July 2023 – 4.93
increased by 3%
Mortgage Rate
June 2023 – 6.98%
July 2023 – 6.84%
2% increased
Top 10 Sales
- $18200000 430 Stuart #28BCDE Boston, MA
- $10195000 430 Stuart #31BC Boston, MA
- $9350000 1 Dalton St #3801 Boston, MA
- $8980000 430 Stuart #31FG Boston, MA
- $8800000 220 Boylston St #1220 Boston, MA
- $7860000 430 Stuart #27C Boston, MA
- $7280000 430 Stuart #30C Boston, MA
- $6215000 430 Stuart #25BC Boston, MA
- $5950000 300 Pier 4 Blvd #PHR Boston, MA
- $5840000 430 Stuart #32G Boston, MA
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