The report provides key metrics and historical data for multi-family housing activity in Greater Boston from January 2014 to January 2015. It shows that while closed sales of 2-family properties increased 10% year-over-year, the median sales price rose only 4% and inventory dropped 35%. For 3-family properties, closed sales rose 56% and median price increased 16% as inventory fell 52%. Overall, multi-family activity slowed from the previous year.

1. Multi-Family Housing Activity Report
Key Metrics Historical Sparklines Jan-2014 Jan-2015 + / – YTD 2014 YTD 2015 + / –
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.
97.1% 96.5% - 0.6% 97.1%
63
96.5%
Current as of February 16, 2015. 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.
--
- 0.6%
New Listings
A count of the properties that have been newly listed
on the market in a given month.
203 156 - 23.2% 203 156 - 23.2%
+ 2.7%
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.
2.5 1.5
Days on Market Until Sale
The average number of days between when a property is listed
and when an offer is accepted.
61 63 + 2.7% 61
Inventory of Homes for Sale
The number of properties available for sale in active status
at the end of the month.
474 307 - 35.2% --
--
$500,000 + 7.6% $464,500 $500,000 + 7.6%
--
-- --- 38.5%
January 2015
Closed Sales
A count of actual sales that have closed within a given month.
130 143 + 10.0% 143 + 10.0%
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.
$464,500
130
1-2012 1-2013 1-2014 1-2015
1-2012 1-2013 1-2014 1-2015
1-2012 1-2013 1-2014 1-2015
1-2012 1-2013 1-2014 1-2015
1-2012 1-2013 1-2014 1-2015
1-2012 1-2013 1-2014 1-2015
1-2012 1-2013 1-2014 1-2015

2. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.
Multi-Family Housing Activity Report – 2-Family Properties
1-2014 1-2015 + / – 1-2014 1-2015 + / – 1-2014 1-2015 + / – 1-2014 1-2015 + / –
Acton 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Arlington 1 2 + 100.0% $525,000 $652,250 + 24.2% 41 9 - 78.0% 5 1 - 80.0%
Ashland 0 0 -- $0 $0 -- 0 0 -- 1 1 0.0%
Attleboro 1 0 - 100.0% $277,000 $0 - 100.0% 77 0 - 100.0% 10 6 - 40.0%
Avon 1 0 - 100.0% $337,000 $0 - 100.0% 65 0 - 100.0% 1 1 0.0%
Bedford 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Bellingham 0 0 -- $0 $0 -- 0 0 -- 1 2 + 100.0%
Belmont 1 2 + 100.0% $770,000 $860,000 + 11.7% 32 63 + 96.9% 4 1 - 75.0%
Boston 19 26 + 36.8% $430,000 $415,400 - 3.4% 40 61 + 53.5% 76 52 - 31.6%
Boxborough 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Brookline 2 0 - 100.0% $1,335,000 $0 - 100.0% 93 0 - 100.0% 1 1 0.0%
Burlington 1 0 - 100.0% $272,500 $0 - 100.0% 100 0 - 100.0% 0 1 --
Cambridge 1 5 + 400.0% $1,360,000 $1,150,000 - 15.4% 126 37 - 70.8% 5 1 - 80.0%
Canton 0 0 -- $0 $0 -- 0 0 -- 2 2 0.0%
Carlisle 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Chelsea 1 3 + 200.0% $383,000 $374,500 - 2.2% 35 51 + 44.8% 7 4 - 42.9%
Concord 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Dedham 1 0 - 100.0% $350,000 $0 - 100.0% 8 0 - 100.0% 2 3 + 50.0%
Dover 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Everett 2 4 + 100.0% $337,000 $355,000 + 5.3% 94 21 - 77.4% 18 13 - 27.8%
Foxborough 1 0 - 100.0% $322,880 $0 - 100.0% 86 0 - 100.0% 3 1 - 66.7%
Framingham 2 3 + 50.0% $308,000 $345,000 + 12.0% 14 65 + 361.9% 4 2 - 50.0%
Franklin 1 1 0.0% $269,000 $310,000 + 15.2% 114 107 - 6.1% 0 1 --
Holliston 0 0 -- $0 $0 -- 0 0 -- 0 1 --
Hopkinton 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Hudson 0 1 -- $0 $285,000 -- 0 28 -- 5 1 - 80.0%
Lexington 2 0 - 100.0% $707,413 $0 - 100.0% 158 0 - 100.0% 0 0 --
Lincoln 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Malden 4 3 - 25.0% $377,500 $360,000 - 4.6% 60 112 + 85.9% 16 8 - 50.0%
Mansfield 1 2 + 100.0% $260,000 $187,500 - 27.9% 11 317 + 2,781.8% 1 0 - 100.0%
Marlborough 2 2 0.0% $173,400 $202,500 + 16.8% 64 25 - 60.6% 8 7 - 12.5%
Maynard 2 0 - 100.0% $270,000 $0 - 100.0% 89 0 - 100.0% 3 1 - 66.7%
Medfield 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Medford 4 5 + 25.0% $545,000 $510,000 - 6.4% 18 62 + 243.3% 10 8 - 20.0%
Medway 0 0 -- $0 $0 -- 0 0 -- 2 1 - 50.0%
Milford 2 0 - 100.0% $165,000 $0 - 100.0% 281 0 - 100.0% 5 4 - 20.0%
Millis 1 0 - 100.0% $140,000 $0 - 100.0% 266 0 - 100.0% 0 1 --
Milton 0 0 -- $0 $0 -- 0 0 -- 3 1 - 66.7%
Natick 0 0 -- $0 $0 -- 0 0 -- 3 2 - 33.3%
Needham 2 0 - 100.0% $401,250 $0 - 100.0% 6 0 - 100.0% 1 1 0.0%
January 2015
InventoryClosed Sales Days on MarketMedian Sales Price

3. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.
Multi-Family Housing Activity Report – 2-Family Properties (cont.)
1-2014 1-2015 + / – 1-2014 1-2015 + / – 1-2014 1-2015 + / – 1-2014 1-2015 + / –
Newton 6 3 - 50.0% $754,000 $1,040,000 + 37.9% 40 63 + 58.3% 9 4 - 55.6%
Norfolk 0 0 -- $0 $0 -- 0 0 -- 2 1 - 50.0%
North Attleboro 2 0 - 100.0% $142,500 $0 - 100.0% 15 0 - 100.0% 2 1 - 50.0%
Norwood 1 1 0.0% $294,113 $310,000 + 5.4% 42 69 + 64.3% 2 1 - 50.0%
Plainville 1 0 - 100.0% $375,000 $0 - 100.0% 74 0 - 100.0% 0 2 --
Quincy 6 3 - 50.0% $525,000 $280,000 - 46.7% 55 107 + 95.1% 10 15 + 50.0%
Randolph 0 0 -- $0 $0 -- 0 0 -- 4 3 - 25.0%
Revere 3 9 + 200.0% $365,000 $457,000 + 25.2% 133 48 - 63.8% 28 12 - 57.1%
Saugus 1 0 - 100.0% $330,000 $0 - 100.0% 9 0 - 100.0% 1 1 0.0%
Sharon 0 0 -- $0 $0 -- 0 0 -- 0 2 --
Sherborn 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Somerville 6 7 + 16.7% $551,500 $785,000 + 42.3% 48 22 - 55.4% 17 4 - 76.5%
Southborough 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Stoughton 0 0 -- $0 $0 -- 0 0 -- 6 2 - 66.7%
Stow 0 1 -- $0 $265,000 -- 0 186 -- 0 0 --
Sudbury 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Walpole 0 1 -- $0 $410,000 -- 0 137 -- 1 1 0.0%
Waltham 1 3 + 200.0% $510,000 $500,000 - 2.0% 68 47 - 31.4% 5 2 - 60.0%
Watertown 1 3 + 200.0% $601,500 $610,000 + 1.4% 33 32 - 2.0% 1 0 - 100.0%
Wayland 0 0 -- $0 $0 -- 0 0 -- 0 1 --
Wellesley 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Weston 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Westwood 0 0 -- $0 $0 -- 0 0 -- 0 1 --
Winchester 0 0 -- $0 $0 -- 0 0 -- 2 1 - 50.0%
Winthrop 1 1 0.0% $277,000 $612,000 + 120.9% 21 26 + 23.8% 6 8 + 33.3%
Woburn 1 3 + 200.0% $365,000 $430,000 + 17.8% 52 92 + 76.3% 4 5 + 25.0%
Wrentham 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Greater Boston 85 94 +10.6% $430,000 $447,500 +4.1% 61 62 +1.3% 300 196 -34.7%
Note: The "Greater Boston" figures are not a compilation or total of the individual areas.
Days on Market Inventory
January 2015
Closed Sales Median Sales Price

4. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.
Multi-Family Housing Activity Report – 3-Family Properties
1-2014 1-2015 + / – 1-2014 1-2015 + / – 1-2014 1-2015 + / – 1-2014 1-2015 + / –
Acton 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Arlington 1 1 0.0% $685,000 $815,000 + 19.0% 43 9 - 79.1% 0 1 --
Ashland 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Attleboro 0 1 -- $0 $230,000 -- 0 0 -- 8 5 - 37.5%
Avon 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Bedford 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Bellingham 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Belmont 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Boston 18 28 + 55.6% $480,000 $556,300 + 15.9% 54 46 - 15.5% 84 41 - 51.2%
Boxborough 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Brookline 1 1 0.0% $1,360,000 $1,025,000 - 24.6% 9 37 + 311.1% 0 0 --
Burlington 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Cambridge 1 2 + 100.0% $860,000 $1,247,400 + 45.0% 8 130 + 1,518.8% 1 1 0.0%
Canton 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Carlisle 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Chelsea 4 0 - 100.0% $368,000 $0 - 100.0% 39 0 - 100.0% 7 0 - 100.0%
Concord 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Dedham 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Dover 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Everett 2 4 + 100.0% $472,500 $491,000 + 3.9% 91 90 - 0.8% 4 9 + 125.0%
Foxborough 0 0 -- $0 $0 -- 0 0 -- 1 1 0.0%
Framingham 0 0 -- $0 $0 -- 0 0 -- 2 3 + 50.0%
Franklin 0 0 -- $0 $0 -- 0 0 -- 0 1 --
Holliston 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Hopkinton 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Hudson 1 0 - 100.0% $352,500 $0 - 100.0% 110 0 - 100.0% 0 3 --
Lexington 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Lincoln 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Malden 0 1 -- $0 $528,000 -- 0 167 -- 4 3 - 25.0%
Mansfield 0 0 -- $0 $0 -- 0 0 -- 2 0 - 100.0%
Marlborough 0 1 -- $0 $260,000 -- 0 517 -- 5 1 - 80.0%
Maynard 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Medfield 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Medford 0 0 -- $0 $0 -- 0 0 -- 1 1 0.0%
Medway 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Milford 0 0 -- $0 $0 -- 0 0 -- 2 3 + 50.0%
Millis 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Milton 1 0 - 100.0% $490,000 $0 - 100.0% 145 0 - 100.0% 0 2 --
Natick 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Needham 0 0 -- $0 $0 -- 0 0 -- 0 0 --
January 2015
Closed Sales Median Sales Price Days on Market Inventory

5. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.
Multi-Family Housing Activity Report – 3-Family Properties (cont.)
1-2014 1-2015 + / – 1-2014 1-2015 + / – 1-2014 1-2015 + / – 1-2014 1-2015 + / –
Newton 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Norfolk 0 0 -- $0 $0 -- 0 0 -- 0 0 --
North Attleboro 0 0 -- $0 $0 -- 0 0 -- 6 4 - 33.3%
Norwood 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Plainville 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Quincy 1 2 + 100.0% $638,000 $575,000 - 9.9% 83 26 - 69.3% 1 3 + 200.0%
Randolph 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Revere 1 0 - 100.0% $415,000 $0 - 100.0% 26 0 - 100.0% 3 2 - 33.3%
Saugus 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Sharon 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Sherborn 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Somerville 3 2 - 33.3% $855,000 $924,500 + 8.1% 54 67 + 24.8% 3 4 + 33.3%
Southborough 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Stoughton 1 0 - 100.0% $244,000 $0 - 100.0% 98 0 - 100.0% 0 0 --
Stow 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Sudbury 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Walpole 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Waltham 0 0 -- $0 $0 -- 0 0 -- 2 1 - 50.0%
Watertown 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Wayland 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Wellesley 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Weston 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Westwood 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Winchester 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Winthrop 0 0 -- $0 $0 -- 0 0 -- 2 0 - 100.0%
Woburn 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Wrentham 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Greater Boston 35 43 +22.9% $480,000 $558,000 +16.3% 57 67 +17.5% 145 89 -38.6%
Note: The "Greater Boston" figures are not a compilation or total of the individual areas.
Closed Sales Median Sales Price Days on Market Inventory
January 2015

6. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.
Multi-Family Housing Activity Report – 4-Family Properties
1-2014 1-2015 + / – 1-2014 1-2015 + / – 1-2014 1-2015 + / – 1-2014 1-2015 + / –
Acton 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Arlington 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Ashland 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Attleboro 0 0 -- $0 $0 -- 0 0 -- 2 0 - 100.0%
Avon 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Bedford 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Bellingham 0 0 -- $0 $0 -- 0 0 -- 0 1 --
Belmont 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Boston 2 3 + 50.0% $965,000 $525,000 - 45.6% 69 29 - 58.5% 7 8 + 14.3%
Boxborough 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Brookline 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Burlington 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Cambridge 0 1 -- $0 $1,315,000 -- 0 26 -- 0 1 --
Canton 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Carlisle 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Chelsea 1 0 - 100.0% $610,000 $0 - 100.0% 62 0 - 100.0% 5 1 - 80.0%
Concord 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Dedham 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Dover 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Everett 1 0 - 100.0% $550,000 $0 - 100.0% 92 0 - 100.0% 0 0 --
Foxborough 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Framingham 0 0 -- $0 $0 -- 0 0 -- 0 1 --
Franklin 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Holliston 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Hopkinton 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Hudson 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Lexington 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Lincoln 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Malden 2 0 - 100.0% $590,500 $0 - 100.0% 19 0 - 100.0% 1 0 - 100.0%
Mansfield 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Marlborough 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Maynard 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Medfield 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Medford 0 0 -- $0 $0 -- 0 0 -- 0 1 --
Medway 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Milford 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Millis 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Milton 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Natick 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Needham 0 0 -- $0 $0 -- 0 0 -- 0 0 --
January 2015
Closed Sales Median Sales Price Days on Market Inventory

7. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.
Multi-Family Housing Activity Report – 4-Family Properties (cont.)
1-2014 1-2015 + / – 1-2014 1-2015 + / – 1-2014 1-2015 + / – 1-2014 1-2015 + / –
Newton 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Norfolk 0 0 -- $0 $0 -- 0 0 -- 0 0 --
North Attleboro 0 0 -- $0 $0 -- 0 0 -- 2 1 - 50.0%
Norwood 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Plainville 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Quincy 2 0 - 100.0% $548,438 $0 - 100.0% 22 0 - 100.0% 1 2 + 100.0%
Randolph 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Revere 1 0 - 100.0% $423,150 $0 - 100.0% 293 0 - 100.0% 2 0 - 100.0%
Saugus 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Sharon 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Sherborn 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Somerville 1 1 0.0% $499,900 $1,000,000 + 100.0% 78 58 - 25.6% 0 1 --
Southborough 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Stoughton 0 0 -- $0 $0 -- 0 0 -- 0 1 --
Stow 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Sudbury 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Walpole 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Waltham 0 0 -- $0 $0 -- 0 0 -- 4 2 - 50.0%
Watertown 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0%
Wayland 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Wellesley 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Weston 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Westwood 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Winchester 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Winthrop 0 0 -- $0 $0 -- 0 0 -- 0 1 --
Woburn 0 1 -- $0 $320,000 -- 0 102 -- 0 1 --
Wrentham 0 0 -- $0 $0 -- 0 0 -- 0 0 --
Greater Boston 10 6 -40.0% $555,938 $762,500 +37.2% 74 45 -39.1% 29 22 -24.1%
Note: The "Greater Boston" figures are not a compilation or total of the individual areas.
Closed Sales Median Sales Price Days on Market Inventory
January 2015