Article Summary:

Article Content:

The following information is from the local MLS database as of September 12, 2009, compared to (September 5, 2009) and (September 13, 2008).

Total # of condos for sale in the city of Boston: 1,878 (1,749) (2,011)
Average # of days on market: 133 (138) (132)

Number of condos sold, past 30 days: 478 (489) (462)
Average days on market, sold units: 97 (103) (93)
Ratio, closing/sales price to original/list price: 94% (94%) (93%)
Months supply of condos: 3.93 (3.58) (4.35)

Median close price, last thirty days, this year: 0,000
Median close price, last thirty days, last year: 0,000
Median close price, last thirty days, 2007: 5,000

Average close price, last thirty days, this year: 7,764
Average close price, last thirty days, last year: 6,143
Average close price, last thirty days, 2007: 4,331

# of properties going under agreement, last thirty days: 252 (268) (285)
Average # of days on market: 102 (105) (101)

Velocity: 8,810,961 (0,382,086) (0,738,124)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)

My thoughts: Quiet week in preparation for the fall market.

Based on information provided to and compiled by the Multiple Listing Service Property Information Network, Inc. covering the period 08/12/2009 - 09/12/2009, 8/05/2009 - 09/05/2009, and 08/13/2008 - 09/13/2008.