Here's September 2019s Monthly Indicators Report from the Greater Boston Association of Realtors showing Boston real estate market trends.
[slideshare id=189384255&doc=gbar-monthly-market-insights-report-september-2019v2-191101190255&type=d]
September 2019 Greater Boston Real Estate Market Trends
The 1,060 homes sold this month was the eighth highest sales total for the month, and was a 6.5 percent increase in sales volume from the September 2018 sales total of 995. Additionally, the median sales price reached a new record high price for the month of September at $605,000 which is a 1.7 percent increase on the September 2018 median sales price of $595,000.
With 790 condos sold in September, it was the eleventh most active September on record in Greater Boston as the market experienced a 3.4 percent increase in sales volume from the 764 units sold in September 2018. The median sales price for condo declined 4.1 percent from $572,500 in September 2018 to $549,000 in 2019.
This month, 167 multi-family homes were sold in Greater Boston, which reflects a 16.9 percent decrease in sales from the 201 units sold in September 2018.
Condominium
- September condo sales UP 3.4%
- Median prices DOWN -4.1% ($549,000)
- Active Listings UP +8.7% to 2,682
- Listings added to the market Up +12.8% over last year (1808 from 1603 in 2018)
Single-Family
- August single-family home sales Up 6.5%
- Median prices UP +1.7% ($605,000)
- Active Listings DOWN -11.4% to 3,085
- Listings added to the market DOWN -3.3% over last year (1,911 from 1,967 in 2018)
Only real estate professionals who are members of NATIONAL ASSOCIATION OF REALTORS® may call themselves REALTORS®. All REALTORS® must subscribe to NAR’s strict code of ethics, which is based on honesty, professionalism and the protection of the public.