Blog.

Back To Blog

February 2016 Multi-family Housing Activity Report Boston, MA Real Estate

Heres Febuary 2016s Monthly Multi-family Housing Activity Report from the Greater Boston Association of Realtors.

[slideshare id=59892583&doc=february2016multi-familyhousingactivityreportbostonmarealestate-160322165334]

(Multi-family housing activity comparing February 2016 to February 2015)

  • Closed sales were UP +14.2% to 137
  • Median prices were UP +21.9% ($570,000)
  • Inventory of homes for sale were DOWN -29.9% (255)
  • Months supply of home for sale were DOWN -30.0% (1.4)
  • Days on market until sale were DOWN 28.9% (54)
  • Percentage of original list price received were UP +3.5% (98.8%)
  • New Listings were UP +53.2% (170)

Keep in mind we're comparing February 2015 vs. February 2016 ... the snowiest winter on record versus mildest winter on record.