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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 June 2024 vs July 2024:
The Number of SOLD listings decreased by 22% to 135 properties with a top sale of $20.35 million at 150 Seaport Blvd #19C&E in Boston.
The Average Sales Price increased 9% to $1.89 million and the Average Price Per Square Foot increased 2% to $1,252 per square foot.
The inventory of properties available for sale as measured in months supply increased by 3% to 4.88 months worth of properties for sale.
The average 30-year fixed mortgage rate decreased by 2% to an average rate of 6.86% 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 2024 – $1739490.66
July 2024 – $1890450.42
increased by 9%
Average Days On Market
June 2024 – 51
July 2024 – 46
decreased by 10%
Average Sale Price Per Square Foot
June 2024 – $1228.39
July 2024 – $1252.24777546798
increased by 2%
Median Sales Price
June 2024 – $1250000
July 2024 – $1202008
decreased by 4%
Number of Sold Listings
June 2024 – 172
July 2024 – 135
decreased by 22%
Months Supply of Inventory
June 2024 – 4.75
July 2024 – 4.88
increased by 3%
Mortgage Rate
June 2024 – 6.86%
July 2024 – 7.02%
2% decreased
Top 10 Sales
- $20348000 150 Seaport Blvd #19C&E Boston, MA
- $11575000 240 Devonshire Street #PH1A Boston, MA
- $7500000 1 Dalton St #U5204 Boston, MA
- $7200000 300 Boylston Street #704-705 Boston, MA
- $7050000 23 W Cedar Boston, MA
- $5725000 165 West Brookline Street Boston, MA
- $5450000 430 Stuart #32A Boston, MA
- $4875000 15 Marlborough St #PH Boston, MA
- $4862500 1 Charles St S #PH1A Boston, MA
- $4695000 240 Devonshire Street #4301 Boston, MA
