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Greater Boston Association of Realtors Monthly Market Insight Report: November 2019

Here's November 2019s Monthly Indicators Report from the Greater Boston Association of Realtors showing Boston real estate market trends.

[slideshare id=214875673&doc=gbar-monhtly-market-insight-report-nov2019-200103190136&type=d]

The 1,037 homes sold in November 2019 was the seventh most active November on record, and a 16.0 percent decrease in sales volume from the November 2018 sales total of 1,234 homes sold, which is a record high for the month. Additionally, the median sales price reached a new record high for the month at $599,900, which is a 2.3 percent increase from the November 2018 median sales price of $586,500.
 

With 821 condos sold, it was the sixth most active November on record in Greater Boston and a 6.8 percent decrease from the 881 units sold in November 2018. The median sales price for condos remained flat, changing 0.0 percent from $563,087 in November 2018 to $563,000 this month.

This month, 189 multi-family homes were sold in Greater Boston, which was a 1.5 percent decrease on the 192 units sold in November 2019. On a month to month basis, it is a 52.4 percent increase from the 129 multi-family homes sold in November 2019.

Condominium
  • November condo sales DOWN -6.8%
  • Median prices Down 0% ($563,087)
  • Active Listings Down -6.1% to 2,200
  • Listings added to the market DOWN -21.3% over last year (659 from 837 in 2018)
Single-Family
  • November single-family home sales DOWN -16%
  • Median prices UP 2.3% ($599,900)
  • Active Listings DOWN 15.1% to 2,382
  • Listings added to the market DOWN -18.4% over last year (714 from 875 in 2018)

Interested In Specific Neighborhood / Area Real Estate Market Trend Data?

August 2019 Greater Boston Market Trends

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