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Direct Access To All Multiple
Listings Like Realtors®

(Prices and inventory current as of Nov 30, 1999)

See Pictures and updates (icon)See photos and updates from listings directly in your feed

Share with you friends (icon)Share your favorite listings with friends and family

Save your search (icon)Save your search and get new listings directly in your mailbox before everybody else

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Real Estate Market Update | Boston | July 2024 Vs August 2024

September 6, 2024 By: Category: Boston Luxury Real Estate, Real Estate Market Update

Real Estate Market Update | Boston | July 2024 Vs August 2024

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 2024 vs August 2024:

The Number of SOLD listings decreased by 20% to 123 properties with a top sale of $6.9 million at 1 Dalton #3301 in Boston.

The Average Sales Price increased 11% to $1.64 million and the Average Price Per Square Foot decreased 4% to $1,179 per square foot.

The inventory of properties available for sale as measured in months supply decreased by 3% to 4.59 months worth of properties for sale.

The average 30-year fixed mortgage rate decreased by 6% to an average rate of 6.48% according to Bank Rate.com

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

https://youtu.be/LKOUxX2N3Pc

Boston

Average Sales Price
July 2024 – $1844707.89
August 2024 – $1638440.75
decreased by 11%

Average Days On Market
July 2024 – 44
August 2024 – 47
increased by 7%

Average Sale Price Per Square Foot
July 2024 – $1232.39
August 2024 – $1179.37
decreased by 4%

Median Sales Price
July 2024 – $1202008
August 2024 – $1300000
increased by 8%

Number of Sold Listings
July 2024 – 153
August 2024 – 123
decreased by 20%

Months Supply of Inventory
July 2024 – 4.73
August 2024 – 4.59
decreased by 3%

Mortgage Rate
July 2024 – 6.48%
August 2024 – 6.86%
6% decreased

Top 10 Sales

  1. $6900000 1 Dalton #3301 Boston, MA
  2. $5500000 192 Marlborough St #2 Boston, MA
  3. $5400000 430 Stuart #31A Boston, MA
  4. $4692000 1 Franklin St #4602 Boston, MA
  5. $4485000 168 West Canton Street Boston, MA
  6. $3970000 1 Dartmouth Place Boston, MA
  7. $3595000 20 Dartmouth Street Boston, MA
  8. $3532500 9 Columbus Square #2 Boston, MA
  9. $3505000 294 Newbury St #PH Boston, MA
  10. $3355800 240 Devonshire Street #5108 Boston, MA

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