BOSTON, MA : MARKET DATA THROUGH APRIL

April Headlines
Boston
  • Unit sales are down 24.6% to 269.
  • Months of supply in April was 2.8. This is up 22.5% from 2.3 in April of 2014.
  • Days on market is up by 32.6%.
Nearby Areas You May Be Interested In
  • Unit sales in Boston (South Boston) are up 36.4% to 45.
  • Months of supply in Boston (Charlestown) in April was 2.4. This is up 84.8% from 1.3 in April of 2014.
  • Unit sales in Cambridge are down by 40.0%.
Changes Favoring Buyers
3 Months Ending April, 2015 % Chg From Apr, 2014
Unit Sales 684 -18.9%
Months of Supply 2.2 8.4%
Market Time (Days) 63 14.5%
Listings Under Contract 1,074 -11.2%
Changes Favoring Sellers
3 Months Ending April, 2015 % Chg From Apr, 2014
Median Sale Price $519,500 6.2%
Inventory 746 -4.5%
Price per Sq Ft for Sold $619 0.3%
Sales to List Price Ratio 99.1% 0.5%
New Listings 1,572 -4.3%

Sales

There were 269 unit sales in April. This is down 24.6% from 357 in April of 2014. Sales/list price ratio in April moved up to 100.4% from 98.1% in March.

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Prices

Median price in April was $519,000. This is up 11.0% from $467,400 in April of 2014. 3-month median price of $519,500 in April was up marginally from $510,000 in March and up a little from $489,000 in April of 2014. Price per square foot in April was $641. This is up from $611 in March and up from $605 in April of 2014.

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Inventory

Inventory of 951 in April was up 36.6% from 696 in March and up 6.3% from 895 in April of 2014. New listings of 747 in April were up substantially from 538 in March and up slightly from 706 in April of 2014. Months of supply of 2.8 in April was up considerably from 2 in March and up moderately from 2.3 in April of 2014. On a year-over-year basis, months of supply has been rising for 4 months. This is the highest months of supply has been since October, 2012.

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Market Time

Days on market of 57 in April was down slightly from 64 in March but up considerably from 43 in April of 2014.

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Change in Median Sale Price for Condominium Properties YTD From 2014 To 2015 for Towns in Suffolk County Ranked by Best Performance
Town % Change
Boston 5.86%
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