Heres September 2013s Monthly Multifamily Housing Activity Report from the Greater Boston Association of Realtors?. Whats Going On In The Market? Comparing September 2013 to September 2012: Closed sales are up, Median Prices are up, Days on market are down, Percentage of Original List Price to Price Received is up, New Listings are up

Buyers reacting to the market and the ongoing concern of rising interest rates in the late spring/early summer resulted in the most closed home sales in a September since 2005. Prices continue to move up because demand for available homes to buy is outpacing supply. Interest rates are still low and buyers are qualified and waiting. The market needs homeowners to commit to selling to get us to full recovery.

Over the past several months I have been photographing Downtown Crossing's mega construction project at the former Filene's department store site which is to become Millennium Tower. Millennium Tower incorporates Filene's "Burnham Building" as historic low-rise remnant adjacent to a 625 foot glass tower to be constructed at the corner of Washington and Franklin streets. When completed, Millennium Tower will be home to 450 luxury condos as well as retail and office tenants.

August closings were another example of buyers reacting to the market and the ongoing concern of rising interest rates in the spring and early summer.

Heres Augusts 2013s Monthly Multifamily Housing Activity Report from the Greater Boston Association of Realtors.

Heres Julys 2013s Monthly Multifamily Housing Activity Report from the Greater Boston Association of Realtors.

Following a modest 4 percent decrease in condo sales in June, which marked the first annual decline in condo market activity in 18 months, sales volume surged in July, climbing 18.6 percent over the past 12 months to 1,236 units closed in July 2013. Its the largest percentage increase in monthly condo sales on an annual basis since January, when sales rose 22 percent from January 2012.

Heres Junes 2013s Monthly Multifamily Housing Activity Report from the Greater Boston Association of Realtors.

What going on in the greater Boston multifamily housing market?

Concerns about interest rates rising helped push activity higher in the spring, which resulted in an increase in closed sales in June. Prices continue to move up because demand for available homes to buy is outpacing supply. Sellers are gaining confidence as new listings continue to be added to the market.

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