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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 May 2022 versus April 2022:
The Number of SOLD listings decreased by 2% to 193 properties with a top sale of $7.695 million at 9 Chestnut Street in Boston.
The Average Sales Price increased by 6% to $1.69 million moving the Average Price Per Square Foot up to $1163 per square foot.
The inventory of properties available for sale as measured in months supply increased by 35% to 4.16 months worth of properties for sale.
The average 30 year fixed mortgage rate decreased to 5.42% according to Bank Rate.com.
Boston
Average Sales Price
April 2022 – $1591801.28
May 2022 – $1689579.55
increased by 6%
Average Days On Market
April 2022 – 45
May 2022 – 39
decreased by 13%
Average Sale Price Per Square Foot
April 2022 – $1140.47
May 2022 – $1162.93
increased by 2%
Sale to List Price Ratio
April 2022 – 100.51%
May 2022 – 100.18%
had no change with
Number of Sold Listings
April 2022 – 196
May 2022 – 193
decreased by 2%
Months Supply of Inventory
April 2022 – 3.08
May 2022 – 4.16
increased by 35%
Mortgage Rate
April 2022 – 5.28%
May 2022 – 5.42%
3% decreased
Top 10 Sales
- $7695000 9 Chestnut Street Boston, MA
- $7500000 128 Beacon Street #D Boston, MA
- $6678750 22 Liberty Dr #11F Boston, MA
- $6475000 17 commonwealth #1 Boston, MA
- $6300000 343 Commercial St #TH21 Boston, MA
- $6190000 5 Joy Street #PH Boston, MA
- $6100000 1 Franklin #4702 Boston, MA
- $5850000 22 Liberty Drive #9A Boston, MA
- $5800000 1 Huntington Avenue #1401 Boston, MA
- $5695000 133 Seaport Blvd #PH3B Boston, MA
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