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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 Massachusetts residential properties here’s what happened in January 2023 Vs December 2022
Massachusetts
Median Sales Price
November 2022: $560500
December 2022: $534400
decreased by 5%
#of Homes Sold
November 2022: 5623
December 2022: 5573
decreased by 1%
#of Homes for Sale
November 2022: 16068
December 2022: 11908
decreased by 26%
#of New Homes Listed
November 2022: 4696
December 2022: 2409
decreased by 49%
Median Days On Market
November 2022: 23
December 2022: 26
increased by 13%
Homes Sold Above List Price
November 2022: 45.1%
December 2022: 40.5%
decreased by 10%
Homes with Price Drops
November 2022: 30.4%
December 2022: 18.4%
decreased by 39%
Average Sale to List Price
November 2022: 100.3%
December 2022: 99.6%
decreased by 1%
Top 10 Metros with the Fastest Growing Sales Price
- Holyoke, MA 40.2%
- Andover, MA 37.2%
- Burlington, MA 33.0%
- Canton, MA 28.7%
- Mashpee, MA 28.3%
- Watertown, MA 27.0%
- Watertown Town, MA 27.0%
- Hudson, MA 24.2%
- Brookline, MA 21.2%
- Natick, MA 20.2%
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