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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 July 2022 versus June 2022:
The Number of SOLD listings decreased by 27% to 61 properties with a top sale of $1.2 million at 501 Schooner Way #501 in Fall River.
The Average Sales Price had no change with to $591000 and the Price Per Square Foot had minimal change, averaging $332 per square foot.
The inventory of properties available for sale as measured in months supply increased by 25% to 1.97 months worth of properties for sale.
The average 30 year fixed mortgage rate decreased to 5.85% 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
June 2022 – $589576.55
July 2022 – $590974.67
had no change with
Average Days On Market
June 2022 – 25
July 2022 – 25
had no change with
Average Sale Price Per Square Foot
June 2022 – $333.41
July 2022 – $332.4
had no change with
Sale to List Price Ratio
June 2022 – 105.11%
July 2022 – 103.72%
decreased by 1%
Number of Sold Listings
June 2022 – 84
July 2022 – 61
decreased by 27%
Months Supply of Inventory
June 2022 – 1.57
July 2022 – 1.97
increased by 25%
Mortgage Rate
June 2022 – 5.59%
July 2022 – 5.85%
4% decreased
Top 10 Sales
- $1200000 501 Schooner Way #501 Fall River, MA
- $1096000 4 Ridgeview Fall River, MA
- $911500 78 Menotomy Road Fall River, MA
- $845000 3 Hill Dale Road Fall River, MA
- $830000 173 Warren Ave Fall River, MA
- $801900 26 Laurie Ann’s Lane Fall River, MA
- $799000 25 Pond Avenue Fall River, MA
- $785000 5 Endicott Glen #5 Fall River, MA
- $775000 748 Ship Pond Rd Fall River, MA
- $768395 16 Twin Pines Lane #9 Fall River, MA
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