See photos and updates from listings directly in your feed
Share your favorite listings with friends and family
Save your search and get new listings directly in your mailbox before everybody else
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 May 2024 vs April 2024:
The Number of SOLD listings increased by 23% to 152 properties with a top sale of $7.9 million at 102 Chestnut St in Boston.
The Average Sales Price decreased 20% to $1.61 million and the Average Price Per Square Foot decreased 8% to $1,204 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 6% to 4.90 months worth of properties for sale.
The average 30-year fixed mortgage rate decreased by 2% to an average rate of 7.17% 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
April 2024 – $2022529.95
May 2024 – $1612121.88
decreased by 20%
Average Days On Market
April 2024 – 46
May 2024 – 38
decreased by 17%
Average Sale Price Per Square Foot
April 2024 – $1314.25
May 2024 – $1204
decreased by 8%
Median Sales Price
April 2024 – $1315000
May 2024 – $1205000
decreased by 8%
Number of Sold Listings
April 2024 – 124
May 2024 – 152
increased by 23%
Months Supply of Inventory
April 2024 – 5.22
May 2024 – 4.9
decreased by 6%
Mortgage Rate
April 2024 – 7.17%
May 2024 – 7.31%
2% decreased
Top 10 Sales
- $7875000 102 Chestnut St Boston, MA
- $6075000 341 Commonwealth #PH Boston, MA
- $5975000 2 Spruce St Boston, MA
- $5800000 300 Boylston Street #1204 Boston, MA
- $5320000 1 Dalton #4102 Boston, MA
- $5200000 430 Stuart #26J Boston, MA
- $4990000 430 Stuart #25A Boston, MA
- $4900000 505 Tremont #903 Boston, MA
- $4660000 240 Devonshire Street #4801 Boston, MA
- $4612500 150 Seaport Blvd #17D Boston, MA
GRAB OUR FREE COURSES
➡ 6 Steps To Home Buyer Success – http://griffinbuyercourse.com
➡ 7 Steps To Home Seller Plan – http://griffinsellercourse.com
➡ 8 Steps To Agent Success – http://griffinagentcourse.com
