Here’s July 2014′s Monthly Multi-family Housing Activity Report from the Greater Boston Association of Realtors®.
(Comparing July 2013 to July 2014)
• Closed sales were up +2.5%
• Median prices were up +11.8%
• Inventory of Homes for Sale were down -22.6%
• Months Supply of Home for Sale were down -23.4%
• Days on market until sale were up +59.5%
• Percentage of original list price received were down -0.3%
• New Listings were up +5.4%
July 2014 Multi-family Housing Activity Report – Boston, MA Real Estate
1. Multi-Family Housing Activity Report
Key Metrics Historical Sparklines Jul-2013 Jul-2014 + / – YTD 2013 YTD 2014 + / –
1,209 - 1.5%
Median Sales Price
The point at which half of the homes sold in a given month
were priced higher and one half priced lower, not accounting for seller
concessions.
$450,000
1,228
July 2014
Closed Sales
A count of actual sales that have closed within a given month.
237 243 + 2.5%
--
$503,000 + 11.8% $428,000 $480,000 + 12.1%
--
-- --- 23.4%
Inventory of Homes for Sale
The number of properties available for sale in active status
at the end of the month.
647 501 - 22.6% --
Days on Market Until Sale
The average number of days between when a property is listed
and when an offer is accepted.
31 49 + 59.5% 54 54
98.7%
Current as of August 18, 2014. Multi-family activity is comprised of 2-, 3- and 4-family properties only.
All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.
--
+ 0.2%
New Listings
A count of the properties that have been newly listed
on the market in a given month.
277 292 + 5.4% 1,982 2,077 + 4.8%
- 0.5%
Months Supply of Homes for Sale
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.
3.4 2.6
Pct. of Org. List Price Received
The average percentage found when dividing a property's sales price
by the original list price, not accounting for seller concessions.
100.0% 99.7% - 0.3% 98.5%
7-2011 7-2012 7-2013 7-2014
7-2011 7-2012 7-2013 7-2014
7-2011 7-2012 7-2013 7-2014
7-2011 7-2012 7-2013 7-2014
7-2011 7-2012 7-2013 7-2014
7-2011 7-2012 7-2013 7-2014
7-2011 7-2012 7-2013 7-2014
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