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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 Cape Cod & Islands Association of Realtors, the marketplace for MA residential properties, here’s what happened in July 2023 versus June 2023:
Massachusetts
Median Sales Price
May 2023: $614200
June 2023: $640600
increased by 4%
of Homes Sold
May 2023: 5490
June 2023: 7058
increased by 29%
of Homes for Sale
May 2023: 16364
June 2023: 15898
decreased by 3%
of New Homes Listed
May 2023: 8187
June 2023: 7192
decreased by 12%
Median Days On Market
May 2023: 18
June 2023: 18
had no change, 0%
Homes Sold Above List price
May 2023: 61.0%
June 2023: 64.7%
increased by 6%
Homes with Price Drops
May 2023: 20.4%
June 2023: 23.1%
increased by 13%
Average Sale to List Price
May 2023: 102.8%
June 2023: 103.5%
increased by 1%
Top 10 Competitve Cities
- Ashland, MA
- Acton, MA
- Framingham, MA
- Holliston, MA
- Yarmouth Port, MA
- Arlington, MA
- Franklin, MA
- Franklin Town, MA
- Norwood, MA
- Saugus, MA
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