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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 May 2022 versus April 2022:
The Number of SOLD listings increased by 3% to 37 properties with a top sale of $745 thousand at 700 Harvard Street in Fall River.
The Average Sales Price increased by 11% to $383000 moving the Average Price Per Square Foot down to $233 per square foot.
The inventory of properties available for sale as measured in months supply increased by 26% to 1.2 months worth of properties for sale.
The average 30 year fixed mortgage rate decreased to 5.42% 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
April 2022 – $343450
May 2022 – $382702.7
increased by 11%
Average Days On Market
April 2022 – 40
May 2022 – 25
decreased by 38%
Average Sale Price Per Square Foot
April 2022 – $236.7
May 2022 – $233.48
decreased by 1%
Sale to List Price Ratio
April 2022 – 101.08%
May 2022 – 103.04%
increased by 2%
Number of Sold Listings
April 2022 – 36
May 2022 – 37
increased by 3%
Months Supply of Inventory
April 2022 – 0.95
May 2022 – 1.2
increased by 26%
Mortgage Rate
April 2022 – 5.28%
May 2022 – 5.42%
3% decreased
Top 10 Sales
- $745000 700 Harvard Street Fall River, MA
- $700000 97 Terri Marie Fall River, MA
- $660000 171 Madison Fall River, MA
- $485000 388 Manchester St Fall River, MA
- $480000 363 Smith Fall River, MA
- $476000 243 Concord St Fall River, MA
- $475000 5272 N Main St Fall River, MA
- $470000 312 MOHAWK DRIVE Fall River, MA
- $460000 396 CLARKSON ST Fall River, MA
- $457000 37 Seaview Street Fall River, MA
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