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Local Market Update for Boston, MA

Between January 2014 and January 2015, Real Estate in Boston 

seems to be average. For single-family properties, there has been a nice increase of 14.3% in closed sales. The average price of home has also increased, if only by a mere 3.4%. Unfortunately, properties have stayed on the market an extra 19.9% and theres been a 19.7% decrease in new listings of single-family properties.

Condominium sales in Boston have decreased by 23.7% while the average sales price has increased by 3.7%. Condos in Boston have been on the market for a shorter period with a decrease of 10.7%. New listings of condos have also decreased by 5.9%.

As you can see in the graphs above, Boston's change in average sales price is concurrent with all MLS.