Boston Realtor Mike Mahoney
Michael Mahoney
617-615-9435617-615-9435

March 2019 Report on Greater Boston Residential Real Estate Activity

March 2019 Report on Greater Boston Residential Real Estate Activity

Michael Mahoney, Realtor®
eXp Realty
617-615-9435
mike@mmahoney.com | www.RealtorMikeMahoney.com

Boston Real Estate Market

The median sales price of single-family homes continued to increase last month to a new record-high for the month of March at $595,000. This reflects a 3.4 percent increase in median sales price from March 2018 of $575,500. The condo market experienced a very modest 0.2 percent increase in median sales price, increasing to $550,00 last month, up from $549,000 in March 2018.

 

“We’ve yet to see these record-high prices quell any buyer enthusiasm, and sellers should take advantage of
these higher price points and growing buyer population,” added Major. “With inventory levels as they are, we
should expect a robust spring market, as we’ve also seen an influx of pending sales which we can anticipate
will close in April and May.” James Major – Greater Boston Association of Realtors

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Detached Single-Family Homes Sold in Greater Boston

The 793 homes sold it was the sixth highest sales volume for the month and was a 6.9 percent increase from the 742 homes sold in March 2018.
The median sales price reached a record high for the month of March at $595,000, as is rose 3.4 percent from the March 2018 median sales price of $575,500.

Condominiums Sold in Greater Boston

With 691 condos sold, it was the tenth most active March on record in Greater Boston, and a 9.9 percent decrease in sales from the 767 units sold in March 2018. The median sales price of condos experienced a very modest increase, up 0.2 percent from $549,000 in March 2018 to $550,000 this year, a new record-high for the month.

Multi-Family Homes Sold in Greater Boston

This month, there were 150 multi-family units sold in Greater Boston,which reflects a 1.3 percent increase in sales volume from the 148 multifamily units sold in March 2018.

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Realtor
eXp Realty
Serving Greater Boston
617-615-9435

 

     

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Michael Mahoney | Greater Boston Realtor with EXP Realty

Some of the area Michael Mahoney Covers Includes:
AshlandAttleboro Bellingham Boston Canton Dedham Dorchester Dover Foxboro Framingham
Franklin Holliston Hopedale  Hyde Park Mattapan Medfield Medway Milford Millis Milton Natick
Norfolk North Attleboro  Norwood Plainville
Quincy Randolph Roslindale Sharon Sherborn Stoughton Walpole Wellesley
West Roxbury Westwood Wrentham

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5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

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