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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 November 2022 versus October 2022:
Massachusetts
Median Sales Price
September 2022: $568400
October 2022: $549400
decreased by 3%
# of Homes Sold
September 2022: 6921
October 2022: 5893
decreased by 15%
#of Homes for Sale
September 2022: 18999
October 2022: 18218
decreased by 4%
# of New Homes Listed
September 2022: 8041
October 2022: 6354
decreased by 21%
Median Days On Market
September 2022: 22
October 2022: 22
had no change, 0%
Homes Sold Above List Price
September 2022: 51.3%
October 2022: 48.2%
decreased by 6%
Homes with Price Drops
September 2022: 28.3%
October 2022: 33.1%
increased by 17%
Average Sale to List Price
September 2022: 101.2%
October 2022: 100.7%
had no change, 0%
Top 10 Metros with the Fastest Growing Sales Price
- Newton, MA37.4%
- Chelmsford, MA32.6%
- Acton, MA30.1%
- Andover, MA28.5%
- Yarmouth, MA27.4%
- Marlborough, MA25.0%
- Reading, MA23.0%
- Watertown, MA23.0%
- Watertown Town, MA23.0%
- Bedford, MA22.0%
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