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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 October 2024 vs November 2024:
The Number of SOLD listings decreased by 7% to 98 properties with a top sale of $10.2 million at 222 Commonwealth Avenue #PH in Boston.
The Average Sales Price increased 1% to $1.65 million and the Average Price Per Square Foot increased 1% to $1,239 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 23% to 4.41 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 1% to an average rate of 6.94% 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
October 2024 – $1639331.56
November 2024 – $1651931.63
increased by 1%
Average Days On Market
October 2024 – 61
November 2024 – 48
decreased by 21%
Average Sale Price Per Square Foot
October 2024 – $1225.32
November 2024 – $1238.7
increased by 1%
Median Sales Price
October 2024 – $1150000
November 2024 – $1221500
increased by 6%
Number of Sold Listings
October 2024 – 105
November 2024 – 98
decreased by 7%
Months Supply of Inventory
October 2024 – 5.72
November 2024 – 4.41
decreased by 23%
Mortgage Rate
October 2024 – 6.94%
November 2024 – 6.88%
1% increased
Top 10 Sales
- $10200000 222 Commonwealth Avenue #PH Boston, MA
- $5150000 430 Stuart #31D Boston, MA
- $4632000 150 Seaport Blvd #19F Boston, MA
- $4200000 329 Commonwealth #5 Boston, MA
- $4100000 185 Marlborough Street #2 Boston, MA
- $3745000 240 Devonshire Street #5608 Boston, MA
- $3661400 122 Beacon #4 Boston, MA
- $3200000 131 Myrtle St Boston, MA
- $3049000 150 Seaport Blvd #10C Boston, MA
- $2800000 121 West Newton St. #1 Boston, MA
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