What’s going on in the Boston real estate market? Concerns about interest rates rising helped push activity higher in the spring, which resulted in an increase in closed sales in June. Prices continue to move up because demand for available homes to buy is outpacing supply. Sellers are gaining confidence as new listings continue to be added to the market. June single-family home sales – Up 1.6% over last year. June Single-family median prices were UP 6.9% to $350,000 (highest point since Aug. ‘07 $357k). Condo sales up 0.4% and median prices UP 2.9% ($320,000) (only 3rd time over $300k).

1. Monthly IndicatorsA RESEARCH TOOL PROVIDED BY THE GREATER BOSTON ASSOCIATION OF REALTORS®
June 2013 Quick Facts
- 2.8%
Year-Over-Year
(YoY) Change in
Closed Sales
Single-Family Only
As potentially the brightest sun in the current economic recovery, housing
activity has followed the mercury higher this summer. Interest rates and new
construction activity have been in the spotlight lately, fueled by concerns over
tapering Federal Reserve activity and ongoing inventory constraints. Watch for
indications that more homes are selling in less time and at higher price points.
Also watch for sellers returning to an inviting marketplace, which will help
replenish neighborhoods with new listings.
- 4.0%
Year-Over-Year
(YoY) Change in
Closed Sales
Condominium Only
- 3.4%
Year-Over-Year
(YoY) Change in
Closed Sales
All Properties
2
3
4
5
6
7
8
9
10
11
12
13
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of July 16, 2013. All data from MLS Property
Information Network, Inc. Provided by Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing.
New Listings in the Greater Boston region were up 14.2 percent for detached
homes and 8.5 percent for condominiums. Closed Sales decreased 2.8 percent
for detached homes and 4.0 percent for condominiums.
The Median Sales Price was up 7.8 percent to $541,500 for single-family
properties and 5.5 percent to $422,000 for condominiums. Months Supply of
Inventory decreased 33.6 percent for single-family units and 37.7 percent for
townhouse-condo units.
The economy – which generates the jobs that fuel housing demand – continued
to improve at a moderate pace during the second quarter of 2013. Budget
sequesters and sluggish export growth have taken a back seat to housing
recovery and stronger consumer spending. Interest rates could flirt with 4.0 or
4.25 percent again but the days of 3.3 percent interest are likely behind us.
Single-Family Market Overview
Condominium Market Overview
Closed Sales
Median Sales Price
Housing Affordability Index
Inventory of Homes for Sale
Click on desired metric to jump to that page.
Months Supply of Inventory
Days On Market Until Sale
Percent of Original List Price Received
City of Boston Overview
Pending Sales
New Listings

2. Single-Family Market Overview
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
Key Metrics Historical Sparklines Jun-2012 Jun-2013 + / – YTD 2012 YTD 2013 + / –
Median Sales Price
- 35.4% -- --
- 11.5% 112 100 - 11.2%
--
Housing Affordability Index
Inventory of Homes for Sale
$502,500 + 7.6%
102 90
4,316 2,786
$541,500 + 7.8% $450,000
5,028 + 2.7%Closed Sales 1,511 1,468 - 2.8% 4,894
$484,000
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
93.8% 96.7%
- 23.6%
+ 3.0%
Percent of Original
List Price Received
Days on Market Until Sale
95.3%
- 37.2%
+ 3.2%
56
98.3%
Pending Sales + 10.8%6,9311,192 1,377 + 15.5% 6,257
Months Supply of Inventory 2.9
90 84
-- -- --1.9 - 33.6%
110
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2
New Listings 1,352 1,544 + 14.2% 9,223 8,966 - 2.8%
6 2010 6 2011 6 2012 6 2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013

3. Condominium Market Overview
Key market metrics for the current month and year-to-date figures for Condominium Properties Only.
Key Metrics Historical Sparklines Jun-2012 Jun-2013 + / – YTD 2012 YTD 2013 + / –
+ 5.1%
Median Sales Price $400,000 $422,000 + 5.5% $375,000 $399,900 + 6.6%
Closed Sales 1,264 1,214 - 4.0% 4,437 4,663
- 10.3%
Inventory of Homes for Sale 3,086 1,847 - 40.1% -- -- --
Housing Affordability Index 126 114 - 9.6% 133 119
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
--
Days on Market Until Sale 75 42 - 43.6% 96 62 - 35.5%
Months Supply of Inventory 2.4 1.5 - 37.7% -- --
+ 3.4%
Pending Sales 1,001 1,158 + 15.7% 5,721 6,338 + 10.8%
Percent of Original
List Price Received
96.3% 99.7% + 3.5% 95.3% 98.5%
- 1.7%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3
New Listings 1,152 1,250 + 8.5% 7,874 7,741
6 2010 6 2011 6 2012 6 2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013

4. Closed Sales
A count of the actual sales that have closed in a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Jul-2012 1,279 + 25.3% 1,042 + 21.9%
Aug-2012 1,300 + 26.1% 1,204 + 25.3%
Sep-2012 766 - 1.2% 753 + 16.4%
Oct-2012 792 + 28.8% 712 + 39.1%
Nov-2012 907 + 32.4% 760 + 35.0%
Dec-2012 824 + 11.8% 769 + 19.6%
Jan-2013 605 + 15.7% 514 + 24.8%
Feb-2013 431 - 7.1% 434 + 13.0%
Mar-2013 631 - 2.6% 629 + 3.6%
Apr-2013 778 + 4.7% 806 + 6.3%
May-2013 1,115 + 10.9% 1,066 + 5.3%
Jun-2013 1,468 - 2.8% 1,214 - 4.0%
1,245
1,051
1,511
1,264
1,468
1,214
June
20132012 20132012
4,106
3,740
4,894
4,437
5,028
4,663
Year to Date
20132012 201320122011 2011 2011 2011
Total 10,896 + 11.7% 9,903 + 14.9%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 4
Single-Family Condominium
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Closed Sales Activity Single-Family Condominium
-4.0%+20.3%+21.4%
Single-Family Condominium
+5.1%+18.6%+19.2%-2.8% +2.7%

5. Median Sales Price
Median price point for all closed sales, not accounting for seller concessions, in a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Jul-2012 $510,000 + 2.0% $387,000 + 6.3%
Aug-2012 $490,000 - 1.8% $380,000 + 3.0%
Sep-2012 $430,475 - 4.3% $375,000 + 2.0%
Oct-2012 $430,250 + 10.3% $368,133 + 5.6%
Nov-2012 $447,500 + 5.9% $380,000 + 8.2%
Dec-2012 $470,000 + 6.8% $381,000 + 10.4%
Jan-2013 $430,000 + 6.2% $375,000 + 5.6%
Feb-2013 $429,900 + 8.8% $350,375 - 5.3%
Mar-2013 $430,000 + 3.7% $405,500 + 19.3%
Apr-2013 $476,500 + 13.9% $389,000 + 4.7%
May-2013 $499,900 + 7.5% $410,000 + 7.6%
Jun-2013 $541,500 + 7.8% $422,000 + 5.5%
$505,000
$375,000
$502,500
$400,000
$541,500
$422,000
June
20132012 20132012
$450,000
$359,000
$450,000
$375,000
$484,000
$399,900
Year to Date
20132012 201320122011 2011 2011 2011
Median $475,000 + 5.3% $389,000 + 5.6%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5
Single-Family Condominium
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
$550,000
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Median Sales Price Single-Family Condominium
+5.5%+6.7%-0.5%
Single-Family Condominium
+6.6%+4.5%0.0%+7.8% +7.6%

6. Housing Affordability Index
Single-Family
YoY
Change
Condominium
YoY
Change
Jul-2012 102 + 13.9% 131 + 9.5%
Aug-2012 105 + 14.0% 133 + 9.0%
Sep-2012 121 + 17.2% 137 + 10.4%
Oct-2012 120 + 3.2% 139 + 7.3%
Nov-2012 117 + 6.7% 135 + 4.6%
Dec-2012 113 + 6.8% 136 + 3.6%
Jan-2013 125 + 3.7% 141 + 4.2%
Feb-2013 122 - 2.0% 146 + 11.1%
Mar-2013 121 + 3.4% 128 - 8.9%
Apr-2013 112 - 5.0% 135 + 2.6%
May-2013 104 - 5.0% 124 - 5.0%
Jun-2013 90 - 11.5% 114 - 9.6%
This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary
to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
89
117
102
126
90
114
June
98
122
112
133
100
119
Year to Date
20132012 20132012 20132012 201320122011 2011 2011 2011
Average 113 +3.8% 133 +3.2%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 6
Single-Family Condominium
60
70
80
90
100
110
120
130
140
150
160
Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Housing Affordability Index Single-Family Condominium
-9.6%+7.4%+14.6%
Single-Family Condominium
-10.3%+9.2%+13.9%-11.5% -11.2%

7. Inventory of Homes for Sale
The number of properties available for sale in active status at the end of a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Jul-2012 3,985 - 23.6% 2,846 - 37.2%
Aug-2012 3,747 - 25.8% 2,534 - 38.1%
Sep-2012 3,920 - 26.2% 2,632 - 37.0%
Oct-2012 3,637 - 28.3% 2,428 - 38.6%
Nov-2012 3,120 - 27.9% 2,095 - 39.5%
Dec-2012 2,396 - 31.4% 1,605 - 41.4%
Jan-2013 2,381 - 31.3% 1,656 - 41.5%
Feb-2013 2,490 - 33.4% 1,766 - 41.2%
Mar-2013 2,428 - 42.1% 1,782 - 47.3%
Apr-2013 2,769 - 37.7% 2,005 - 41.2%
May-2013 2,955 - 35.3% 2,008 - 39.3%
Jun-2013 2,786 - 35.4% 1,847 - 40.1%
5,289
4,862
4,316
3,086
2,786
1,847
June
20132012 201320122011 2011
Average 3,051 - 31.2% 2,100 - 40.0%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 7
Single-Family Condominium
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Inventory of Homes for Sale Single-Family Condominium
-40.1%-36.5%-18.4% -35.4%

8. Months Supply of Inventory
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
Single-Family
YoY
Change
Condominium
YoY
Change
Jul-2012 3.1 - 39.0% 2.7 - 48.5%
Aug-2012 2.9 - 41.2% 2.1 - 50.6%
Sep-2012 5.1 - 25.3% 3.5 - 45.9%
Oct-2012 4.6 - 44.3% 3.4 - 55.8%
Nov-2012 3.4 - 45.6% 2.8 - 55.2%
Dec-2012 2.9 - 38.7% 2.1 - 51.0%
Jan-2013 3.9 - 40.6% 3.2 - 53.1%
Feb-2013 5.8 - 28.2% 4.1 - 48.0%
Mar-2013 3.8 - 40.5% 2.8 - 49.1%
Apr-2013 3.6 - 40.5% 2.5 - 44.7%
May-2013 2.7 - 41.7% 1.9 - 42.4%
Jun-2013 1.9 - 33.6% 1.5 - 37.7%
4.2
4.6
2.9
2.4
1.9
1.5
June
20132012 201320122011 2011
Average 3.5 - 41.0% 2.7 - 49.5%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 8
Single-Family Condominium
0
2
4
6
8
10
12
14
16
Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Months Supply of Inventory Single-Family Condominium
-37.7%-47.2%-32.8% -33.6%

9. Days on Market Until Sale
Average number of days between when a property is listed and when an offer is accepted in a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Jul-2012 80 - 3.9% 71 - 20.6%
Aug-2012 87 - 5.7% 76 - 18.2%
Sep-2012 89 - 12.0% 85 - 18.1%
Oct-2012 90 - 17.4% 84 - 11.5%
Nov-2012 89 - 17.9% 77 - 29.9%
Dec-2012 97 - 12.4% 84 - 30.1%
Jan-2013 109 - 16.5% 88 - 29.6%
Feb-2013 111 - 17.2% 95 - 22.6%
Mar-2013 108 - 17.5% 72 - 39.0%
Apr-2013 94 - 22.1% 63 - 35.1%
May-2013 75 - 22.0% 51 - 40.4%
Jun-2013 56 - 37.2% 42 - 43.6%
90
94
90
75
56
42
June
110 111110
96
84
62
Year to Date
20132012 20132012 20132012 201320122011 2011 2011 2011
Total 86 - 17.6% 66 - 26.7%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 9
Single-Family Condominium
40
60
80
100
120
140
160
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Days on Market Until Sale Single-Family Condominium
-43.6%-20.4%-0.1%
Single-Family Condominium
-35.5%-13.4%-0.0%-37.2% -23.6%

10. Percent of Original List Price Received
Single-Family
YoY
Change
Condominium
YoY
Change
Jul-2012 95.8% + 1.6% 96.6% + 1.7%
Aug-2012 94.8% + 1.5% 96.3% + 2.2%
Sep-2012 94.6% + 1.5% 96.4% + 2.3%
Oct-2012 94.3% + 2.8% 95.9% + 2.4%
Nov-2012 94.6% + 2.4% 96.2% + 2.5%
Dec-2012 94.2% + 2.2% 96.2% + 3.4%
Jan-2013 93.8% + 3.6% 95.9% + 3.2%
Feb-2013 94.1% + 3.2% 96.7% + 3.5%
Mar-2013 95.2% + 2.4% 97.6% + 3.8%
Apr-2013 96.7% + 3.4% 98.8% + 3.3%
May-2013 97.8% + 2.6% 99.4% + 3.5%
Jun-2013 98.3% + 3.2% 99.7% + 3.5%
Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month,
not accounting for seller concessions.
94.6% 94.7%95.3% 96.3%98.3% 99.7%
June
93.2% 93.9%93.8% 95.3%96.7% 98.5%
Year to Date
20132012 20132012 20132012 201320122011 2011 2011 2011
Average 95.7% + 2.4% 97.3% + 2.8%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Single-Family Condominium
89%
91%
93%
95%
97%
99%
101%
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Percent of Original List Price Received Single-Family Condominium
+3.5%+1.8%+0.8%
Single-Family Condominium
+3.4%+1.5%+0.7%+3.2% +3.0%

11. Pending Sales
A count of the properties in UAG status between the first and last day in a given month, regardless of current status (based on Off Market Date).
Single-Family
YoY
Change
Condominium
YoY
Change
Jul-2012 952 + 25.6% 810 + 14.6%
Aug-2012 790 + 11.6% 734 + 19.9%
Sep-2012 874 + 28.7% 743 + 38.1%
Oct-2012 885 + 19.3% 795 + 34.5%
Nov-2012 697 + 13.5% 608 + 10.3%
Dec-2012 517 + 9.3% 463 + 11.6%
Jan-2013 639 + 4.4% 666 + 20.4%
Feb-2013 720 - 5.3% 722 - 3.5%
Mar-2013 1,206 + 4.5% 1,184 + 10.9%
Apr-2013 1,433 + 15.5% 1,294 + 10.6%
May-2013 1,556 + 19.9% 1,314 + 11.3%
Jun-2013 1,377 + 15.5% 1,158 + 15.7%
1,040
840
1,192
1,001
1,377
1,158
June
5,131
4,546
6,257
5,721
6,931
6,338
Year to Date
20132012 20132012 20132012 201320122011 2011 2011 2011
Total 11,646 + 13.8% 10,491 + 14.8%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 11
Single-Family Condominium
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Pending Sales Activity Single-Family Condominium
+15.7%+19.2%+14.6%
Single-Family Condominium
+10.8%+25.8%+21.9%+15.5% +10.8%

12. New Listings
A count of the properties that have been newly listed on the market in a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Jul-2012 1,022 - 12.5% 903 - 7.5%
Aug-2012 1,001 - 8.7% 790 - 7.5%
Sep-2012 1,419 - 10.2% 1,153 - 9.6%
Oct-2012 1,079 - 4.5% 881 - 2.1%
Nov-2012 649 - 3.3% 561 - 10.4%
Dec-2012 366 - 19.0% 319 - 17.8%
Jan-2013 903 - 6.2% 916 - 4.0%
Feb-2013 1,029 - 22.0% 966 - 15.3%
Mar-2013 1,395 - 30.5% 1,367 - 21.5%
Apr-2013 2,052 + 14.1% 1,696 + 13.1%
May-2013 2,043 + 14.6% 1,546 + 11.5%
Jun-2013 1,544 + 14.2% 1,250 + 8.5%
1,596
1,3421,352
1,152
1,544
1,250
June
9,096
8,592
9,223
7,874
8,966
7,741
Year to Date
20132012 20132012 20132012 201320122011 2011 2011 2011
Total 14,502 - 5.3% 12,348 - 4.2%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 12
Single-Family Condominium
0
250
500
750
1,000
1,250
1,500
1,750
2,000
2,250
2,500
2,750
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical New Listing Activity Single-Family Condominium
+8.5%-14.2%-15.3%
Single-Family Condominium
-1.7%-8.4%+1.4%+14.2% -2.8%

13. City of Boston – Market Overview
Key market metrics for the current month and year-to-date figures for the City of Boston.
Key Metrics Historical Sparklines Jun-2012 Jun-2013 + / – YTD 2012 YTD 2013 + / –
- 1.6%
Median Sales Price $428,000 $447,000 + 4.4% $400,500 $430,000 + 7.4%
Closed Sales 706 643 - 8.9% 2,533 2,493
- 11.2%
Inventory of Homes for Sale 1,623 981 - 39.6% -- -- --
Housing Affordability Index 102 90 - 11.5% 112 100
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
--
Days on Market Until Sale 75 36 - 52.5% 94 53 - 43.4%
Months Supply of Inventory 2.3 1.5 - 33.6% -- --
+ 3.4%
Pending Sales 586 648 + 10.6% 3,247 3,474 + 7.0%
Percent of Original
List Price Received
96.1% 99.4% + 3.5% 95.1% 98.4%
- 3.6%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 13
New Listings 644 701 + 8.9% 4,496 4,336
6 2010 6 2011 6 2012 6 2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013
6-2010 6-2011 6-2012 6-2013