The Latest Reports from the Field…Greater Boston Real Estate Market
Massachusetts Association of Realtors Latest and Greater Boston Association of Realtors Latest Reports
Less urgency among buyers leads to decline in greater Boston home & condo sales during August.
Sales activity in the detached single-family home and condominium markets declined modestly from year-ago levels across metropolitan Boston in August as home buyers proceeded more cautiously last month in response to speculation about an economic recession and evidence of softening in home prices and increased inventory, especially in the condo market, according to data released today by the Greater Boston Association of REALTORS®.
The median sales price in Greater Boston was $640,000 through the end of August 2019. This is up 2.5% from where it was in August 2018. The real concern is that the units sold were down almost 7.5%. The number of days on the market increased by 7 days and the list price to sales prices are down by 1% from where they were a year ago.
Each month I summarize the reports from The Greater Boston Real Estate Board and The Massachusetts Association of Realtors in an easy to one page summary. I also make available the full reports from each of the these trade organizations.
You can download the Massachusetts Association of Realtors Report, The Greater Boston Real Estate Report and The Mahoney Report below
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