Metro Boston Real Estate Report for December 2015
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Bill Butler, Realtor, RE/MAX Leading Edge, Melrose MA posts the latest stats on the real estate market in Metro Boston for December 2015.
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Metro Boston Real Estate Report for December 2015
- 1. NOVEMBER MARKET OVERVIEW IN MASSACHUSETTS November 2015 75 DOM -6.2% 4,891 PENDING SALES +6.5% 28,709 INVENTORY -16% 4,790 UNITS SOLD +1.1% $340,848 MEDIAN SALE PRICE +5.8% RE/MAX LEADING EDGE NOVEMBER 2015 MASSACHUSETTS HOUSING REPORT Source: Single Family and Condo Sales, Active & Pending Trends for all of MA extracted on (12/1/15) via imaxwebsolutions.com Current period: 11/1/15-11/30/15 According to the RE/MAX Leading Edge November Housing Report, the Massachusetts and Greater Boston housing market has slowed as we approach the holiday season. Sales of combined condo and single family homes in Massachusetts increased +1.1% year-over-year. Inventory is down -16% year-over-year and we continue to experience an increase in the median price of combined condo and single-family homes +5.8% year-over-year. “With the onset of the holidays and the close of 2015, sales have leveled out,” said Linda O’Koniewski, CEO of RE/MAX Leading Edge. “However, because buyers remained active through the Fall season, pending sales are actually up +6.5% year-over-year which will make for an unseasonably strong first quarter. Serious buyers are not daunted by the holidays or weather, and we expect a stable market through Q1 2016.”
- 2. MEDIAN $ -.5% MEDIAN $ +70.5% UNITS +50% UNITS +37.5% NOVEMBER 2015 BOSTON HOUSING REPORT MEDIAN $ +73.5% UNITS -62.5% MEDIAN $ +15.2% BACK BAY 2015 2014 BEACON HILL 2015 2014 CHARLESTOWN 2015 2014 FENWAY 2015 2014 UNITS 30 20 INVENTORY 149 117 DOM 59 58 MEDIAN $ $1,790,500 $1,050,000 PENDING 43 26 UNITS 11 12 INVENTORY 53 55 DOM 44 76 MEDIAN $ $1,270,000 $731,975 PENDING 11 17 UNITS 22 16 INVENTORY 42 59 DOM 29 46 MEDIAN $ $559,500 $562,500 PENDING 14 19 UNITS 3 8 INVENTORY 9 12 DOM 74 22 MEDIAN $ $482,000 $418,400 PENDING 5 5 53 Hereford Street, Boston | 617.262.8200 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Condo & Single Family Trends for periods 11/30/15. UNITS -8.3%
- 3. UNITS +15.5% UNITS -60% MEDIAN $ -5.9% NOVEMBER 2015 BOSTON HOUSING REPORT MEDIAN $ +34.7% MEDIAN $ +.2% UNITS -25% MEDIAN $ -32.8% NORTH END 2015 2014 SEAPORT 2015 2014 SOUTH END 2015 2014 WATERFRONT 2015 2014 UNITS 2 5 INVENTORY 17 21 DOM 33 75 MEDIAN $ $432,450 $460,000 PENDING 5 3 UNITS 2 3 INVENTORY 13 14 DOM 24 80 MEDIAN $ $1,067,500 $792,250 PENDING 4 5 UNITS 52 45 INVENTORY 125 124 DOM 86 44 MEDIAN $ $867,500 $865,000 PENDING 41 49 UNITS 6 8 INVENTORY 51 49 DOM 65 47 MEDIAN $ $786,000 $1,170,000 PENDING 10 6 53 Hereford Street, Boston | 617.262.8200 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Condo & Single Family Trends for period ending 11/30/15. UNITS -33.3%
- 4. NOVEMBER 2015 ARLINGTON SINGLE FAMILIES MEDIAN SALE PRICE -0.32% AVERAGE DAYS ON MARKET +41.6% PENDING SALES +47.8% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD 0% 2015 2014 TOTAL INVENTORY +11.5% 2015 2014 1 10 100 24 UNITS 24 UNITS 10 100 52 UNITS 58 UNITS 1000 1000000 $625,000 $623,000 1 10 100 34 DAYS 24 DAYS 1 10 100 34 UNITS 23 UNITS 319 Mass Ave, Arlington | 781.643.0430 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Single Family for period ending 11/30/15.
- 5. NOVEMBER 2015 ARLINGTON CONDOMINIUMS MEDIAN SALE PRICE +10.8% AVERAGE DAYS ON MARKET -27.5% PENDING SALES +36.8% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD 0% 2015 2014 TOTAL INVENTORY -4.6% 2015 2014 1 10 100 17 UNITS 17 UNITS 10 100 41 UNITS 43 UNITS 1000 1000000 $470,000 $424,000 1 10 100 29 DAYS 40 DAYS 1 10 100 26 UNITS 19 UNITS 319 Mass Ave, Arlington | 781.643.0430 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Condo Trends for period ending 11/30/15.
- 6. NOVEMBER 2015 CAMBRIDGE SINGLE FAMILIES MEDIAN SALE PRICE -43% AVERAGE DAYS ON MARKET -38.2% PENDING SALES -22.2% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD +14.2% 2015 2014 TOTAL INVENTORY -14.2% 2015 2014 10 100 8 UNITS 7 UNITS 10 100 24 UNITS 28 UNITS 1 1000 1000000 $1,142,500 $2,006,000 1 10 100 29 DAYS 47 DAYS 1 10 100 7 UNITS 9 UNITS LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Single Family for period ending 11/30/15.
- 7. NOVEMBER 2015 CAMBRIDGE CONDOMINIUMS MEDIAN SALE PRICE +6.7% AVERAGE DAYS ON MARKET -32.3% PENDING SALES -37.2% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD -19.5% 2015 2014 TOTAL INVENTORY -33.3% 2015 2014 1 10 100 37 UNITS 46 UNITS 1 10 100 74 UNITS 111 UNITS 1000 1000000 $642,000 $601,250 1 10 100 23 DAYS 34 DAYS 1 10 100 27 UNITS 43 UNITS LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Condo Trends for period ending 11/30/15.
- 8. NOVEMBER 2015 CAMBRIDGE MULTI FAMILY MEDIAN SALE PRICE -6.1% AVERAGE DAYS ON MARKET -44.1% PENDING SALES +42.8% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD -81.8% 2015 2014 TOTAL INVENTORY +8% 2015 2014 0 2.75 5.5 8.25 11 2 UNITS 11 UNITS 10 100 27 UNITS 25 UNITS 1000 1000000 $1,112,000 $1,185,000 1 10 100 19 DAYS 34 DAYS 1 10 100 10 UNITS 7 UNITS LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Multi Family Trends for period ending 11/30/15.
- 9. NOVEMBER 2015 LEXINGTON SINGLE FAMILIES MEDIAN SALE PRICE -2.1% AVERAGE DAYS ON MARKET +28.7% PENDING SALES +30% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD +3.5% 2015 2014 TOTAL INVENTORY -25.2% 2015 2014 10 100 29 UNITS 28 UNITS 1 10 100 83 UNITS 111 UNITS 1000 1000000 $1,130,000 $1,155,000 1 10 100 94 DAYS 73 DAYS 1 10 100 26 UNITS 20 UNITS 6 Wallis Court, Lexington | 781.325.7002 LeadingEdgeAgents.com LEADING EDGE Source: MLSPIN via imaxwebsolutions. Single Family for period ending 11/30/15.
- 10. NOVEMBER 2015 LYNNFIELD SINGLE FAMILIES MEDIAN SALE PRICE +7.5% AVERAGE DAYS ON MARKET -42.4% PENDING SALES -16.6% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD -33.3% 2015 2014 TOTAL INVENTORY -39.3% 2015 2014 1 10 100 8 UNITS 12 UNITS 1 10 100 37 UNITS 61 UNITS 1000 1000000 $572,500 $532,500 1 10 100 42 DAYS 73 DAYS 1 10 100 10 UNITS 12 UNITS 590 Main Street, Lynnfield | 781.325.7002 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Single Family for period ending 11/30/15.
- 11. NOVMBER 2015 MEDFORD SINGLE FAMILIES MEDIAN SALE PRICE +11.8% AVERAGE DAYS ON MARKET -22.2% PENDING SALES -7.6% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD 0% 2015 2014 TOTAL INVENTORY -30% 2015 2014 1 10 100 23 UNITS 23 UNITS 1 10 100 57 UNITS 82 UNITS 1000 1000000 $457,500 $409,200 1 10 100 28 DAYS 36 DAYS 10 100 24 UNITS 26 UNITS LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Single Family for period ending 11/30/15.
- 12. NOVEMBER 2015 MEDFORD CONDOMINIUMS MEDIAN SALE PRICE +8.6% AVERAGE DAYS ON MARKET -11.1% PENDING SALES +30% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD +11.1% 2015 2014 TOTAL INVENTORY -21.4% 2015 2014 10 100 10 UNITS 9 UNITS 1 10 100 33 UNITS 42 UNITS 1000 1000000 $388,000 $357,000 10 100 24 DAYS 27 DAYS 1 10 100 13 UNITS 10 UNITS LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Condo Trends for period ending 11/30/15.
- 13. NOVEMBER 2015 MELROSE SINGLE FAMILIES MEDIAN SALE PRICE +11.6% AVERAGE DAYS ON MARKET +21.4% PENDING SALES -45.4% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD -5% 2015 2014 TOTAL INVENTORY -43.5% 2015 2014 10 100 19 UNITS 20 UNITS 1 10 100 35 UNITS 62 UNITS 1000 1000000 $520,500 $466,200 1 10 100 34 DAYS 28 DAYS 1 10 100 12 UNITS 22 UNITS 536 Main Street, Melrose | 781.979.0100 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Single Family for period ending 11/30/15.
- 14. NOVEMBER 2015 NEWTON SINGLE FAMILIES MEDIAN SALE PRICE +13.7% AVERAGE DAYS ON MARKET +4.2% PENDING SALES -16.6% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD -12.2% 2015 2014 TOTAL INVENTORY -20.5% 2015 2014 10 100 43 UNITS 49 UNITS 1 10 100 186 UNITS 234 UNITS 1000 1000000 $935,000 $822,000 10 100 49 DAYS 47 DAYS 1 10 100 40 UNITS 48 UNITS 294 Walnut Street, Newton | 617.244.4499 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Single Family for period ending 11/30/15.
- 15. NOVEMBER 2015 READING SINGLE FAMILIES MEDIAN SALE PRICE +31.2% AVERAGE DAYS ON MARKET +16% PENDING SALES 0% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD +12.5% 2015 2014 TOTAL INVENTORY -19% 2015 2014 10 100 18 UNITS 16 UNITS 1 10 100 51 UNITS 63 UNITS 1 1000 1000000 $554,000 $422,000 10 100 58 DAYS 50 DAYS 1 10 100 18 UNITS 18 UNITS 248 Main Street, Reading | 781.944.6060 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Single Family for period ending 11/30/15.
- 16. NOVEMBER 2015 SOMERVILLE SINGLE FAMILIES MEDIAN SALE PRICE +34.5% AVERAGE DAYS ON MARKET -61.1% PENDING SALES -20% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD -50% 2015 2014 TOTAL INVENTORY -16% 2015 2014 1 10 100 4 UNITS 8 UNITS 10 100 21 UNITS 25 UNITS 1 1000 1000000 $743,500 $552,500 1 10 100 21 DAYS 54 DAYS 1 10 100 4 UNITS 5 UNITS 20 Holland Street, Somerville | 617.623.1140 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Single Family for period ending 11/30/15.
- 17. NOVEMBER 2015 SOMERVILLE CONDOMINIUMS MEDIAN SALE PRICE +.5% AVERAGE DAYS ON MARKET +23.3% PENDING SALES +20.6% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD -33.3% 2015 2014 TOTAL INVENTORY +9.6% 2015 2014 1 10 100 22 UNITS 33 UNITS 10 100 102 UNITS 93 UNITS 1000 1000000 $497,500 $495,000 1 10 100 37 DAYS 30 DAYS 1 10 100 35 UNITS 29 UNITS 20 Holland Street, Somerville | 617.623.1140 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Condo Trends for period ending 11/30/15.
- 18. NOVEMBER 2015 SOMERVILLE MULTI FAMILY MEDIAN SALE PRICE +20.7% AVERAGE DAYS ON MARKET -22.5% PENDING SALES -12.5% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD -20% 2015 2014 TOTAL INVENTORY -7.4% 2015 2014 1 10 100 8 UNITS 10 UNITS 10 100 50 UNITS 54 UNITS 1 1000 1000000 $984,500 $815,000 1 10 100 31 DAYS 40 DAYS 10 100 14 UNITS 16 UNITS 20 Holland Street, Somerville | 617.623.1140 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Multi Family Trends for period ending 11/30/15.
- 19. NOVEMBER 2015 WAKEFIELD SINGLE FAMILIES MEDIAN SALE PRICE +23.4% AVERAGE DAYS ON MARKET +45.4% PENDING SALES +14.2% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD -16.6% 2015 2014 TOTAL INVENTORY -39.2% 2015 2014 1 10 100 15 UNITS 18 UNITS 1 10 100 34 UNITS 56 UNITS 1 1000 1000000 $506,000 $410,000 1 10 100 64 DAYS 44 DAYS 10 100 16 UNITS 14 UNITS 25 Tuttle Street, Wakefield | 781.245.8100 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Single Family for period ending 11/30/15.
- 20. NOVEMBER 2015 WATERTOWN SINGLE FAMILIES MEDIAN SALE PRICE -15.6% AVERAGE DAYS ON MARKET +72.7% PENDING SALES +33.3% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD -37.5% 2015 2014 TOTAL INVENTORY -11.1% 2015 2014 1 10 100 5 UNITS 8 UNITS 10 100 16 UNITS 18 UNITS 1000 1000000 $494,500 $586,200 1 10 100 38 DAYS 22 DAYS 1 10 100 8 UNITS 6 UNITS 142 Galen Street, Watertown | 617.926.5400 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Single Family for period ending 11/30/15.
- 21. NOVEMBER 2015 WATERTOWN CONDOMINIUMS MEDIAN SALE PRICE +1% AVERAGE DAYS ON MARKET +18% PENDING SALES +54.5% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD -5% 2015 2014 TOTAL INVENTORY +25.7% 2015 2014 10 100 19 UNITS 20 UNITS 1 10 100 44 UNITS 35 UNITS 1000 1000000 $410,000 $405,700 10 100 59 DAYS 50 DAYS 1 10 100 17 UNITS 11 UNITS 142 Galen Street, Watertown | 617.926.5400 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Condo Trends for period ending 11/30/15.
- 22. NOVEMBER 2015 WINCHESTER SINGLE FAMILIES MEDIAN SALE PRICE +32.5% AVERAGE DAYS ON MARKET +56.7% PENDING SALES -13.6% 2015 2014 2015 2014 2015 2014 NUMBER OF UNITS SOLD 0% 2015 2014 TOTAL INVENTORY -10.9% 2015 2014 1 10 100 14 UNITS 14 UNITS 10 100 65 UNITS 73 UNITS 1 1000 1000000 $1,212,000 $914,250 1 10 100 58 DAYS 37 DAYS 10 100 19 UNITS 22 UNITS Two Mount Vernon Street, Winchester | 781.729.5505 LeadingEdgeAgents.com Source: MLSPIN via imaxwebsolutions. Single Family for period ending 11/30/15.