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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 Q2 2022 versus Q2 2021:
The Number of SOLD listings decreased by 14% to 109 properties with a top sale of $1000 thousand at 1 Sawdy Pond Ave in Fall River.
The Average Sales Price increased by 16% to $373000 moving the Average Price Per Square Foot up to $239 per square foot.
The inventory of properties available for sale as measured in months supply increased by 101% to 1.59 months worth of properties for
sale.
The average 30 year fixed mortgage rate increased to 3.16% 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
Q2 2021 – $322074.02
Q2 2022 – $372640.37
increased by 16%
Average Days On Market
Q2 2021 – 29
Q2 2022 – 36
increased by 24%
Average Sale Price Per Square Foot
Q2 2021 – $219.56
Q2 2022 – $239.06
increased by 9%
Sale to List Price Ratio
Q2 2021 – 102.30%
Q2 2022 – 102.21%
had no change with
Number of Sold Listings
Q2 2021 – 127
Q2 2022 – 109
decreased by 14%
Months Supply of Inventory
Q2 2021 – 0.79
Q2 2022 – 1.59
increased by 101%
Mortgage Rate
Q2 2021 – 5.85%
Q2 2022 – 3.16%
85% increased
Top 10 Sales
- $1000000 1 Sawdy Pond Ave Fall River, MA
- $745000 700 Harvard Street Fall River, MA
- $700000 97 Terri Marie Fall River, MA
- $660000 171 Madison Fall River, MA
- $639900 294 Fieldstone Lane #Lot 12 Fall River, MA
- $630000 691 Madison St Fall River, MA
- $624900 11 Brookfield Terrace #16 Fall River, MA
- $589000 9 Winifred Way Fall River, MA
- $560000 54 Nightingale St Fall River, MA
- $544900 35 Brookfield Terrace #Lot 17 Fall River, MA
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