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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 November 2022 versus October 2022: The Number of SOLD listings decreased by 12% to 91 properties
with a top sale of $7.7 million at 52 Beacon Street #PH in Boston.
The Average Sales Price increased by 14% to $1.61 million moving
the Average Price Per Square Foot up to $1169 per square foot.
The inventory of properties available for sale as measured in months
supply decreased by 4% to 3.41 months worth of properties for sale.
The average 30 year fixed mortgage rate decreased to 7.20% according to Bank Rate.com.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Boston
Average Sales Price
October 2022 – $1418586.41
November 2022 – $1610950.13
increased by 14%
Average Days On Market
October 2022 – 56
November 2022 – 52
decreased by 7%
Average Sale Price Per Square Foot
October 2022 – $1133.12
November 2022 – $1168.53
increased by 3%
Sale to List Price Ratio
October 2022 – 98.25%
November 2022 – 98.06%
had no change with
Number of Sold Listings
October 2022 – 103
November 2022 – 91
decreased by 12%
Months Supply of Inventory
October 2022 – 3.56
November 2022 – 3.41
decreased by 4%
Mortgage Rate
October 2022 – 6.78%
November 2022 – 7.20%
6% decreased
Top 10 Sales
- $7700000 52 Beacon Street #PH Boston, MA
- $6100000 1 Dalton St #4105 Boston, MA
- $5500000 389 Marlborough St Boston, MA
- $5000000 400 Stuart #26E Boston, MA
- $4675000 776 Boylston Street #PH1D Boston, MA
- $4585000 2 Avery St #PH3C Boston, MA
- $4495000 135 Seaport Blvd #2202 Boston, MA
- $4350000 300 Boylston Street #905 Boston, MA
- $4275000 391 Beacon Street #2 Boston, MA
- $3925000 149 West Canton Street Boston, MA
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