Boston Monthly Market Insight Report for May 2020
A Report Published by The Greater Boston Association of Realtors

Boston Real Estate Report for May 2020 from The Greater Boston Association of Realtors
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Detached Single-Family Homes

The 889 homes sold in May 2020 was the seventeenth-highest sales
volume for the month and a 32.8 percent decrease from the record-high
1,323 homes sold in May 2019. The median sales price also reached a
record high for the month of May at $670,000 which was a 5.5 percent
increase from the May 2019 median sales prices of $670,000.

Condominiums

With 605 condos sold, it was the eighteenth most active May on record in
Greater Boston, falling 48.6 percent from the 1,178 units sold in May 2019.
The median sales price of condos fell 2.7 percent from a record-high price
for May in 2019 at $595,000 to $578,754 this year.

Multi-Family Homes

This month, there were 91 multi-family units sold in Greater Boston, which
reflects a 55.6 percent decrease in sales volume from the 204 multi-family
units sold in May 2019

 

 

 

About the author

Michael Mahoney

Michael Mahoney

Boston Realtor

Michael Mahoney is a full time Realtor in Boston, Massachusetts. Michael covers most of Greater Boston. Michael's focus areas are primarily Norfolk and Suffolk Counties. You can reach Michael via email at mike@mmahoney.com or via phone at 617-615-9435. Michael is a sales agent affiliated with Century 21.

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