Boston condos and real estate sales report for August 21, 2013

The following is Boston Proper condo and real estate sales data for the month ending August 21 2013, (August 19 2012), (August 21 2011), (August 21 2010), and (August 21 2009), where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 308 (407) (724) (856) (-)
Average days on market: 79 (116) (138) (150) (-)
Median list price: $837,000 ($809,000) ($689,000) ($649,950) (-)
Average list price: $1,372,340 ($1,218,903) ($1,077,498) ($1,078,847) (-)

Number of units sold (past 30 days): 199 (184) (173) (145) (213)
Average days on market: 41(WHAT??!) (77) (94) (107) (105)
Median close price: $641,000 ($584,750) ($490,000) ($570,000) ($525,000)
Average close price: $892,629 ($842,608) ($682,401) ($764,481) ($664,598)
Original list to close price: 99% (96%) (94%) (94%) (94%)
Sales velocity: $177,633,199 ($155,039,805) ($118,055,415) ($110,849,694) ($141,580,613)

Thoughts: Welcome back! The local real estate market is a healthy one – if you’re a seller. Very low inventory. Buyers will be discouraged this fall to find so few properties for sale but things can change fast – will owners decide now is the time to move?

This report includes sales and inventory information for condominiums located in the following downtown Boston neighborhoods: South End, Back Bay, Beacon Hill, West End, North End, Waterfront, Seaport District, Chinatown, Leather District, Midtown, and Fenway.

Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc.

Author: John Keith

John A Keith is a licensed real estate broker in Boston, Massachusetts. He helps buyers and sellers of condos and single-family homes in all of Boston’s neighborhoods.

He is also a writer whose work has appeared in South End News, Boston Courant, Back Bay Patch, and Boston Herald.