Boston condos and real estate sales report for week ending March 24, 2013

The following is Boston Proper condo and real estate sales data for the month ending March 24 2013 (March 17 2013) March 25 2012 March 27 2011 March 27 2010 and March 27 2009 where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 329 (317) 598 805 1,163 (N/A)
Average days on market: 79 (85) 117 134 118 (N/A)
Median list price: $879,000 ($879,000) $727,000 $625,000 $599,000 (N/A)
Average list price: $1,324,700 ($1,338,372) $1,130,511 $984,279 $983,437 (N/A)

Number of units sold (past 30 days): 90 (83) 98 70 115 64
Average days on market: 56 (57) 154 153 151 146
Median close price: $593,250 ($625,000) $682,500 $593,250 $540,000 $478,000
Average close price: $973,883 ($998,958) $839,892 $845,580 $817,541 $657,635
Original list to close price: 98% (98%) 93% 93% 93% 93%
Sales velocity: $87,649,500 ($82,913,500) $82,309,388 $59,190,577 $94,017,219 $42,088,610

Thoughts: The (very) small rise in listings is offset by a similar rise in closings, so nothing has really changed. If you’re thinking about listing your home for sale, now is the time! (2010 sales volume appears to have been higher due to closings at several of the new condo projects including the W and The Clarendon.)

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.