Here's January's 2020s Monthly Indicators Report from the Greater Boston Association of Realtors showing Boston real estate market trends.
[slideshare id=229407079&doc=gbar-monthly-market-insight-report-jan20-200228193939&type=d]
The 762 homes sold in January 2020 was the eighth-highest sales volume for the month and was a 7.5 percent increase from the 709 homes sold in January 2019. The median sales price reached a record high for the month of January at $605,000, which was a 2.7 percent increase from the January 2019 median sales prices of $589,000.
WWith 671 condos sold, it was the third most active January on record in Greater Boston, and a 21.1 percent increase in sales from the 554 units sold in January 2019. The median sales price of condos also reached a new record high for the month of January at $577,500, which is a 2.2 percent increase from the January 2019 median sales price of $565,000.
This month, there were 174 multi-family units sold in Greater Boston, which reflects a 21.6 percent increase in sales volume from the 143 multi-family units sold in January 2019. Notably, all but the two-family unit home markets experienced increases in median sales price, as that fell a modest 1.5 percent.
Condominium
- January condo sales UP 21.1%
- Median prices UP 2.2% ($577,500)
- Active Listings DOWN -19.1% to 1598
- Listings added to the market DOWN -8.8% over last year (993 from 1089 in 2019)
Single-Family
- November single-family home sales UP 7.5%
- Median prices UP 2.7% ($605,000)
- Active Listings DOWN 15.1% to 2,382
- Listings added to the market DOWN -18% over last year (877 from 1069 in 2019)
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.