Here's Octobers 2019s Monthly Indicators Report from the Greater Boston Association of Realtors showing Boston real estate market trends.
[slideshare id=200516088&doc=gbar-monthly-market-insights-report-october-2019-191202194034&type=d]
October 2019 Greater Boston Real Estate Market Trends
The 669 homes sold in October 2019 was the seventeenth highest sales total for the month and was a 38.7 percent decrease in sales volume from the October 2018 sales total of 1,0941 homes sold. Additionally, the median sales price declined 2.2 percent from the %603,000 mark in October 2018 to $590,000 this month.
With 553 condos sold, it was the fifteenth most active October on record in Greater Boston and a 31.0 percent decrease from the 802 units sold in October 2018. The median sales price for condos reached a new record high for the month of October at $550,000, which was a 1.9 percent increase from the October 2019 median sales price of $540,000.
This month, 125 multi-family homes were sold in Greater Boston, which was a 46.1 percent increase on the 232 units sold in October 2018. Additionally, active listings in each market declined on a year over year basis, for a total of 519 altogether, reflecting a 24 percent drop from the 673 multi-family listings in October 2018.
Condominium
- October condo sales DOWN -31%
- Median prices UP +1.9% ($550,000)
- Active Listings UP +14.7% to 2,971
- Listings added to the market DOWN -5.2% over last year (1249 from 1317 in 2018)
Single-Family
- October single-family home sales DOWN -38.7%
- Median prices DOWN -2.2% ($590,000)
- Active Listings UP +1.1% to 3,412
- Listings added to the market DOWN -4.5% over last year (1,495 from 1,565 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.