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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 September 2023 vs October 2023:
The Number of SOLD listings decreased by 9% to 98 properties with a top sale of $19 million at 78 Beacon Street in Boston.
The Average Sales Price increased 11% to $2.2 million and the Average Price Per Square Foot decreased by 1% to $1,297 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 1% to 4.43 months worth of properties for sale.
The average 30-year fixed mortgage rate increased 6% with an average rate of 8.01% 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 2023 – $1979748.45
October 2023 – $2198854.03
increased by 11%
Average Days On Market
September 2023 – 51
October 2023 – 47
decreased by 8%
Average Sale Price Per Square Foot
September 2023 – $1304.58
October 2023 – $1297.06
decreased by 1%
Median Sales Price
September 2023 – $1283750
October 2023 – $1185000
decreased by 8%
Number of Sold Listings
September 2023 – 108
October 2023 – 98
decreased by 9%
Months Supply of Inventory
September 2023 – 4.46
October 2023 – 4.43
decreased by 1%
Mortgage Rate
September 2023 – 8.01%
October 2023 – 7.55%
6% increased
Top 10 Sales
- $19000000 78 Beacon Street Boston, MA
- $17250000 73 Beacon St Boston, MA
- $14400000 122 Commonwealth Avenue #PH Boston, MA
- $13250000 430 Stuart #PH35B Boston, MA
- $11995000 240 Devonshire Street #6001 Boston, MA
- $9675000 142 Beacon #PH Boston, MA
- $5655000 430 Stuart #24C Boston, MA
- $4800000 100 Shawmut Avenue #Penthouse A Boston, MA
- $3600000 326 A #6-C Boston, MA
- $3550000 4 Acorn St Boston, MA
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