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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 Massachusetts residential properties, here’s what happened in May 2022 versus April 2022:
Massachusetts
Median Sales Price
April: $585900
May: $604900
increased by 3%
# Homes Sold
April: 5785
May: 6950
increased by 20%
# Homes for Sale
April: 16797
May: 18762
increased by 12%
# New Homes Listed April: 9278
May: 10100
increased by 9%
Median Days On Market April: 17
May: 17
had no change, 0%
Homes Sold Above List Price April: 70.9%
May: 74.0%
increased by 4%
Homes with Price Drops April: 13.5%
May: 20.0%
increased by 48%
Average Sale to List Price April: 105.1%
May: 106.0%
increased by 1%
Top 10 Metros with the Fastest Growing Sales Price
- Concord, MA 62.4%
- Pittsfield, MA 37.4%
- Natick, MA 36.2%
- Revere, MA 36.2%
- Winchester, MA 35.2% 6. Wellesley, MA 32.6%
- Melrose, MA 32.2%
- Cambridge, MA 31.4% 9. Sudbury, MA 31.1%
- Shrewsbury, MA 30.4%
