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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 October 2021 versus September 2021:
The Number of SOLD listings decreased by 17% to 142 properties with a top sale of $15 million at 2 Commonwealth Avenue #PH2 & 16E in Boston.
The Average Sales Price decreased by 5% to $1.74 million moving the Average Price Per Square Foot up to $1176 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 3% to 4 months worth of properties for sale.
The average 30 year fixed mortgage rate decreased to 3.17% 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
September 2021 – $1838199.61
October 2021 – $1738412.43
decreased by 5%
Average Days On Market
September 2021 – 55
October 2021 – 53
decreased by 4%
Average Sale Price Per Square Foot
September 2021 – $1161.51
October 2021 – $1175.85
increased by 1%
Sale to List Price Ratio
September 2021 – 98.27%
October 2021 – 98.38%
had no change with
Number of Sold Listings
September 2021 – 172
October 2021 – 142
decreased by 17%
Months Supply of Inventory
September 2021 – 4.12
October 2021 – 4
decreased by 3%
Mortgage Rate
September 2021 – 3.24%
October 2021 – 3.17%
2% decreased
Top 10 Sales
- $15000000 2 Commonwealth Avenue #PH2 & 16E Boston, MA
- $9100000 400 Stuart St. #PH3 Boston, MA
- $8500000 191 Commonwealth Ave #61 Boston, MA
- $7200000 385 Beacon Street Boston, MA
- $7070000 1 Dalton St #3601 Boston, MA
- $5400000 110 Sudbury Street #4302 Boston, MA
- $5300000 301 Berkeley St #5 Boston, MA
- $5100000 16 Exeter Street #1 Boston, MA
- $4450000 57 Hancock St Boston, MA
- $4200000 300 Pier 4 #8N Boston, MA
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