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September 2016 Quick Facts
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Monthly Indicators
As anticipated at the outset of the year, demand has remained high through the
first three quarters of 2016, propping up sales and prices despite heavy reductions
in inventory and months of supply across the country. With rental prices and
employment opportunities in a consistent climb, year-over-year increases in home
buying are probable for the rest of the year but not guaranteed.
Closed Sales decreased 6.0 percent for Single-Family homes but increased 4.4
percent for Condominium homes. Pending Sales increased 0.7 percent for Single-
Family homes and 10.0 percent for Condominium homes. Inventory decreased
22.7 percent for Single-Family homes and 18.6 percent for Condominium homes.
The Median Sales Price was up 3.3 percent to $508,000 for Single-Family homes
and 19.2 percent to $507,000 for Condominium homes. Days on Market decreased
8.8 percent for Single-Family homes and 20.0 percent for Condominium homes.
Months Supply of Inventory decreased 25.7 percent for Single-Family homes and
20.8 percent for Condominium homes.
In general, today's demand is driven by three factors: Millennials are reaching
prime home-buying age, growing families are looking for larger homes and empty
nesters are downsizing. However, intriguingly low interest rates often prompt
refinancing instead of listing, contributing to lower inventory. Recent studies have
also shown that short-term rentals are keeping a collection of homes off the
market.
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of October 16, 2016. All data from MLS Property
Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime.
Single-Family Home Market Overview
- 1.5% - 6.0% + 4.4%
This is a research tool provided by the Greater Boston Association of
REALTORS®. Percent changes are calculated using rounded figures.
Condominium Market Overview
Year-Over-Year (YoY)
Change in Closed Sales
All Properties
Year-Over-Year (YoY)
Change in Closed Sales
Single-Family Only
Year-Over-Year (YoY)
Change in Closed Sales
Condominium Only
Closed Sales
Pending Sales
New Listings
City of Boston Overview
Regional Map
Median Sales Price
Housing Affordability Index
Inventory of Homes for Sale
Months Supply of Inventory
Days on Market Until Sale
Percent of Original List Price Received
Single-Family Home Market Overview
Historical Sparkbars 9-2015 9-2016
Percent
Change YTD 2015 YTD 2016
Percent
Change
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
Closed Sales 1,218 1,145 - 6.0%
Key Metrics
10,789 + 3.2%
Median Sales Price $491,700 $508,000 + 3.3% $522,500 $544,300 + 4.2%
10,454
- 1.2%
Inventory of Homes for Sale 3,908 3,021 - 22.7% -- -- --
Housing Affordability Index 87 87 0.0% 82 81
--
Days on Market Until Sale 57 52 - 8.8% 62 60 - 3.2%
Months Supply of Inventory 3.5 2.6 - 25.7% -- --
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 2
+ 0.2%
Pending Sales 1,214 1,222 + 0.7% 11,154 11,491 + 3.0%
Pct. of Orig. List Price Received 97.7% 97.8% + 0.1% 98.3% 98.5%
New Listings - 1.6%1,953 1,890 - 3.2% 15,161 14,920
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Condominium Market Overview
Historical Sparkbars 9-2015 9-2016
Percent
Change YTD 2015 YTD 2016
Percent
Change
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 3
+ 4.7%Pending Sales 860 946 + 10.0% 8,707 9,117
New Listings 1,440 1,473 + 2.3% 11,050 11,172
100.6% + 0.3%
46- 20.0% 49
+ 1.1%
Pct. of Orig. List Price Received 99.5% 100.0% + 0.5% 100.3%
- 6.1%
- 18.6% -- --
Months Supply of Inventory 2.4 1.9 - 20.8% --
--
-- --
+ 19.2% $450,000 $489,000 + 8.7%
87 - 13.9% 95 91 - 4.2%
+ 4.4%
Key Metrics
8,546 + 5.2%8,123
Key market metrics for the current month and year-to-date figures for Condominium Properties Only.
Closed Sales 942 983
Median Sales Price $425,450 $507,000
Inventory of Homes for Sale 2,109 1,716
Days on Market Until Sale 50 40
Housing Affordability Index 101
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Closed Sales
Closed Sales Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Oct-2015 1,120 +8.3% 831 -4.8%
Nov-2015 1,007 +7.4% 775 +16.7%
Dec-2015 1,250 +11.2% 912 +8.1%
Jan-2016 843 +17.7% 604 +24.5%
Feb-2016 589 +10.9% 473 +4.6%
Mar-2016 779 +13.9% 756 +30.6%
Apr-2016 929 +21.9% 828 +20.0%
May-2016 1,249 +17.8% 1,121 +17.0%
Jun-2016 1,936 +3.5% 1,412 +1.7%
Jul-2016 1,604 -15.7% 1,158 -15.9%
Aug-2016 1,715 +0.3% 1,211 -3.2%
Sep-2016 1,145 -6.0% 983 +4.4%
12-Month Avg 1,181 +4.5% 922 +5.3%
Historical Closed Sales by Month
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 4
A count of the actual sales that closed in a given month.
1,037
879
1,218
942
1,145
983
Single-Family Condominium
September
0
500
1,000
1,500
2,000
2,500
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Single-Family Condominium
9,853
8,251
10,454
8,123
10,789
8,546
Single-Family Condominium
Year to Date
2014 2015 2016
+ 4.4%+ 7.2%- 6.0%+ 17.5% - 1.6%+ 3.2%+ 6.1% + 5.2%
2014 2015 2016 2014 2015 2016 2014 2015 2016
- 8.3% - 7.1% - 4.3%- 6.6%
Median Sales Price
Median Sales Price Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Oct-2015 $475,000 +0.5% $455,000 +15.2%
Nov-2015 $517,000 +6.4% $450,455 +7.3%
Dec-2015 $500,001 +5.3% $443,750 +5.2%
Jan-2016 $490,000 +1.0% $443,250 -1.3%
Feb-2016 $517,500 +10.1% $449,000 +7.0%
Mar-2016 $472,500 +0.6% $478,750 +5.2%
Apr-2016 $530,000 +3.5% $480,228 +10.1%
May-2016 $530,250 +2.0% $482,500 +4.0%
Jun-2016 $585,000 +4.5% $505,000 +9.8%
Jul-2016 $575,000 +4.5% $495,000 +7.6%
Aug-2016 $575,000 +8.7% $499,617 +9.6%
Sep-2016 $508,000 +3.3% $507,000 +19.2%
12-Month Avg* $522,938 +3.9% $474,129 +9.1%
Historical Median Sales Price by Month
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
* Median Sales Price for all properties from October 2015 through September 2016. This is not
the average of the individual figures above.
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 5
$459,000
$411,500
$491,700
$425,450
$508,000 $507,000
Single-Family Condominium
September
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Single-Family Condominium
$499,900
$415,000
$522,500
$450,000
$544,300
$489,000
Single-Family Condominium
Year to Date
2014 2015 2016
+ 19.2%+ 3.4%+ 3.3%+ 7.1% + 8.4%+ 4.2%+ 4.5% + 8.7%
2014 2015 2016 2014 2015 2016 2014 2015 2016
- 2.3% + 7.5% + 6.4%+ 3.3%
Housing Affordability Index
Affordability Index Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Oct-2015 90 +4.7% 94 -8.7%
Nov-2015 82 -2.4% 94 -3.1%
Dec-2015 85 -2.3% 96 -1.0%
Jan-2016 86 -3.4% 95 -2.1%
Feb-2016 85 -7.6% 97 -6.7%
Mar-2016 92 +1.1% 91 -3.2%
Apr-2016 82 -3.5% 91 -8.1%
May-2016 82 -2.4% 90 -4.3%
Jun-2016 76 0.0% 88 -5.4%
Jul-2016 77 +1.3% 89 -2.2%
Aug-2016 77 -3.8% 89 -4.3%
Sep-2016 87 0.0% 87 -13.9%
12-Month Avg 83 -2.1% 92 -5.1%
Historical Housing Affordability Index by Month
This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is
necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 6
87
97
87
101
87 87
Single-Family Condominium
September
40
60
80
100
120
140
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Single-Family Condominium
80
96
82
95
81
91
Single-Family Condominium
Year to Date
2014 2015 2016
- 13.9%+ 4.1%0.0%0.0% - 1.0%- 1.2%+ 2.5% - 4.2%
2014 2015 2016 2014 2015 2016 2014 2015 2016
+ 4.8% - 4.8% - 4.0%- 1.0%
Inventory of Homes for Sale
Homes for Sale Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Oct-2015 3,760 +0.9% 2,050 +6.3%
Nov-2015 3,137 +2.7% 1,816 +12.6%
Dec-2015 2,379 -0.8% 1,388 +11.2%
Jan-2016 2,317 +2.5% 1,385 +8.8%
Feb-2016 2,337 +13.9% 1,379 +13.1%
Mar-2016 2,840 +26.2% 1,639 +19.8%
Apr-2016 3,164 +5.9% 1,669 -3.0%
May-2016 3,184 -10.0% 1,655 -14.6%
Jun-2016 3,301 -10.8% 1,669 -13.7%
Jul-2016 3,092 -16.6% 1,653 -12.7%
Aug-2016 2,748 -23.6% 1,460 -19.4%
Sep-2016 3,021 -22.7% 1,716 -18.6%
12-Month Avg 2,940 -5.1% 1,623 -2.9%
Historical Inventory of Homes for Sale by Month
The number of properties available for sale in active status at the end of a given month.
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 7
3,843
1,898
3,908
2,109
3,021
1,716
Single-Family Condominium
September
0
2,000
4,000
6,000
8,000
10,000
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Single-Family Condominium
2014 2015 2016
- 18.6%+ 11.1%- 22.7%+ 1.7%
2014 2015 2016
+ 8.1% - 12.8%
Months Supply of Inventory
Months Supply Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Oct-2015 3.3 -5.7% 2.4 +9.1%
Nov-2015 2.7 -3.6% 2.1 +16.7%
Dec-2015 2.1 -4.5% 1.6 +14.3%
Jan-2016 2.0 -4.8% 1.5 +7.1%
Feb-2016 2.0 +5.3% 1.5 +7.1%
Mar-2016 2.4 +14.3% 1.8 +12.5%
Apr-2016 2.7 -3.6% 1.8 -10.0%
May-2016 2.6 -21.2% 1.8 -21.7%
Jun-2016 2.7 -20.6% 1.8 -21.7%
Jul-2016 2.6 -23.5% 1.8 -18.2%
Aug-2016 2.3 -28.1% 1.6 -23.8%
Sep-2016 2.6 -25.7% 1.9 -20.8%
12-Month Avg* 2.5 -11.9% 1.8 -7.1%
Historical Months Supply of Inventory by Month
The inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months.
* Months Supply for all properties from October 2015 through September 2016. This is not the
average of the individual figures above.
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 8
3.5
2.1
3.5
2.42.6
1.9
Single-Family Condominium
September
0.0
2.0
4.0
6.0
8.0
10.0
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Single-Family Condominium
2014 2015 2016
- 20.8%+ 14.3%- 25.7%0.0%
2014 2015 2016
+ 12.9% - 12.5%
Days on Market Until Sale
Days on Market Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Oct-2015 64 +4.9% 50 0.0%
Nov-2015 61 -7.6% 56 +5.7%
Dec-2015 70 +1.4% 52 -5.5%
Jan-2016 74 -11.9% 58 -1.7%
Feb-2016 91 -3.2% 64 -13.5%
Mar-2016 80 -13.0% 60 -9.1%
Apr-2016 70 -10.3% 48 -18.6%
May-2016 58 -1.7% 46 +2.2%
Jun-2016 49 -5.8% 41 +5.1%
Jul-2016 51 +4.1% 40 0.0%
Aug-2016 56 +3.7% 41 -8.9%
Sep-2016 52 -8.8% 40 -20.0%
12-Month Avg* 65 -2.2% 50 -3.5%
Historical Days on Market Until Sale by Month
Average number of days between when a property is listed and when an offer is accepted in a given month.
* Days on Market for all properties from October 2015 through September 2016. This is not the
average of the individual figures above.
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 9
61
51
57
5052
40
Single-Family Condominium
September
20
40
60
80
100
120
140
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Single-Family Condominium
58
53
62
49
60
46
Single-Family Condominium
Year to Date
2014 2015 2016
- 20.0%- 2.0%- 8.8%- 6.6% - 7.5%- 3.2%+ 6.9% - 6.1%
2014 2015 2016 2014 2015 2016 2014 2015 2016
+ 17.3% - 4.9% + 1.9%+ 4.1%
Percent of Original List Price Received
Pct. of Orig. List
Price Received Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Oct-2015 96.7% 0.0% 99.7% +1.2%
Nov-2015 97.4% +0.8% 99.3% +1.2%
Dec-2015 96.1% +0.5% 98.3% +0.4%
Jan-2016 95.8% -0.1% 97.9% +0.1%
Feb-2016 95.7% +0.5% 98.1% -0.1%
Mar-2016 97.7% +1.2% 99.7% +1.0%
Apr-2016 98.4% +1.0% 101.1% +0.5%
May-2016 99.3% +0.2% 101.4% +0.5%
Jun-2016 99.8% +0.1% 101.7% +0.1%
Jul-2016 99.6% +0.1% 101.5% +0.4%
Aug-2016 98.6% +0.1% 100.8% +0.2%
Sep-2016 97.8% +0.1% 100.0% +0.5%
12-Month Avg* 97.7% +0.2% 100.0% +0.4%
Historical Percent of Original List Price Received by Month
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.
* Pct. of Orig. List Price Received for all properties from October 2015 through September 2016.
This is not the average of the individual figures above.
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 10
96.9% 99.1%97.7% 99.5%97.8% 100.0%
Single-Family Condominium
September
87.5%
90.0%
92.5%
95.0%
97.5%
100.0%
102.5%
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Single-Family Condominium
98.0% 99.6%98.3% 100.3%98.5% 100.6%
Single-Family Condominium
Year to Date
2014 2015 2016
+ 0.5%+ 0.4%+ 0.1%+ 0.8% + 0.7%+ 0.2%+ 0.3% + 0.3%
2014 2015 2016 2014 2015 2016 2014 2015 2016
- 0.1% + 0.8% + 0.8%+ 0.3%
Pending Sales
Pending Sales Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Oct-2015 1,258 +8.2% 954 +14.1%
Nov-2015 950 +6.1% 722 +10.2%
Dec-2015 659 +11.9% 519 +12.1%
Jan-2016 683 -3.3% 648 +18.2%
Feb-2016 886 +40.2% 823 +45.1%
Mar-2016 1,435 +29.9% 1,130 +13.3%
Apr-2016 1,589 +2.8% 1,303 +2.3%
May-2016 1,774 +0.8% 1,299 +0.2%
Jun-2016 1,613 -9.7% 1,196 -13.7%
Jul-2016 1,149 -10.4% 879 -8.8%
Aug-2016 1,140 +1.6% 893 +9.7%
Sep-2016 1,222 +0.7% 946 +10.0%
12-Month Avg 1,197 +4.0% 943 +6.1%
Historical Pending Sales by Month
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).
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 11
1,034
859
1,214
860
1,222
946
Single-Family Condominium
September
250
500
750
1,000
1,250
1,500
1,750
2,000
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Single-Family Condominium
10,391
8,604
11,154
8,707
11,491
9,117
Single-Family Condominium
Year to Date
2014 2015 2016
+ 10.0%+ 0.1%+ 0.7%+ 17.4% + 1.2%+ 3.0%+ 7.3% + 4.7%
2014 2015 2016 2014 2015 2016 2014 2015 2016
+ 1.8% - 7.3% - 6.4%0.0%
New Listings
New Listings Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Oct-2015 1,525 +3.1% 1,153 +3.5%
Nov-2015 875 +17.8% 762 +26.4%
Dec-2015 553 +10.4% 462 +15.8%
Jan-2016 903 +7.4% 805 +13.5%
Feb-2016 1,126 +76.8% 938 +50.6%
Mar-2016 2,167 +45.0% 1,546 +22.3%
Apr-2016 2,122 -14.2% 1,470 -15.1%
May-2016 2,071 -18.2% 1,437 -13.5%
Jun-2016 2,116 -6.8% 1,440 -8.1%
Jul-2016 1,316 -19.3% 1,109 -0.7%
Aug-2016 1,209 -9.2% 954 +1.9%
Sep-2016 1,890 -3.2% 1,473 +2.3%
12-Month Avg 1,489 -0.1% 1,129 +2.9%
Historical New Listings by Month
A count of the properties that have been newly listed on the market in a given month.
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 12
1,805
1,277
1,953
1,440
1,890
1,473
Single-Family Condominium
September
0
1,000
2,000
3,000
4,000
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Single-Family Condominium
14,652
10,661
15,161
11,050
14,920
11,172
Single-Family Condominium
Year to Date
2014 2015 2016
+ 2.3%+ 12.8%- 3.2%+ 8.2% + 3.6%- 1.6%+ 3.5% + 1.1%
2014 2015 2016 2014 2015 2016 2014 2015 2016
+ 5.9% - 0.2% - 7.0%- 5.4%
City of Boston - Market Overview
Historical Sparkbars 9-2015 9-2016
Percent
Change YTD 2015 YTD 2016
Percent
Change
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 13
+ 0.5%
5,518 - 0.7%
4,359
New Listings 764 757 - 0.9% 5,559
Pending Sales 419 426 + 1.7% 4,337
- 2.1%
Pct. of Orig. List Price Received 98.9% 99.4% + 0.5% 99.9% 99.9% 0.0%
Days on Market Until Sale 48 44 - 8.3% 47 46
-- --
Inventory of Homes for Sale 1,080 926 - 14.3% --
Months Supply of Inventory 2.5 2.1 - 16.0% --
86 - 6.5%
----
Housing Affordability Index 94 83 - 11.7% 92
4,097 + 0.4%
Median Sales Price $500,000 $590,000 + 18.0% $510,000 $568,625 + 11.5%
4,082
Key market metrics for the current month and year-to-date figures for the City of Boston.
Closed Sales 449 491 + 9.4%
Key Metrics
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
Regional Map
Central Middlesex Region Metro West Region
Acton Ashland
Bedford Dover
Boxboro Framingham
Concord Holliston
Hudson Hopkinton
Lexington Medfield
Lincoln Medway
Maynard Millis
Stow Natick
Sudbury Needham
Wayland Sherborn
Weston Wellesley
Eastern Middlesex Region Southern Norfolk Region
Burlington Avon
Malden Bellingham
Medford Canton
Melrose Foxboro
North Reading Franklin
Reading Mansfield
Stoneham Norfolk
Wakefield Norwood
Wilmington Randolph
Winchester Sharon
Woburn Stoughton
Walpole
Metro Boston Region Westwood
Arlington Wrentham
Belmont
Boston
Brookline
Cambridge
Chelsea
Dedham
Everett
Milton
Newton
Revere
Somerville
Waltham
Watertown
Winthrop
Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 14
A map of the the 64 areas and 5 regions that make up "Greater Boston."
Greater Boston Association of REALTORS® Regional Map
Communities by Region

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September 2016 Boston Real Estate Market Trends

  • 1. September 2016 Quick Facts 2 3 4 5 6 7 8 9 10 11 12 13 14 Monthly Indicators As anticipated at the outset of the year, demand has remained high through the first three quarters of 2016, propping up sales and prices despite heavy reductions in inventory and months of supply across the country. With rental prices and employment opportunities in a consistent climb, year-over-year increases in home buying are probable for the rest of the year but not guaranteed. Closed Sales decreased 6.0 percent for Single-Family homes but increased 4.4 percent for Condominium homes. Pending Sales increased 0.7 percent for Single- Family homes and 10.0 percent for Condominium homes. Inventory decreased 22.7 percent for Single-Family homes and 18.6 percent for Condominium homes. The Median Sales Price was up 3.3 percent to $508,000 for Single-Family homes and 19.2 percent to $507,000 for Condominium homes. Days on Market decreased 8.8 percent for Single-Family homes and 20.0 percent for Condominium homes. Months Supply of Inventory decreased 25.7 percent for Single-Family homes and 20.8 percent for Condominium homes. In general, today's demand is driven by three factors: Millennials are reaching prime home-buying age, growing families are looking for larger homes and empty nesters are downsizing. However, intriguingly low interest rates often prompt refinancing instead of listing, contributing to lower inventory. Recent studies have also shown that short-term rentals are keeping a collection of homes off the market. Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. Single-Family Home Market Overview - 1.5% - 6.0% + 4.4% This is a research tool provided by the Greater Boston Association of REALTORS®. Percent changes are calculated using rounded figures. Condominium Market Overview Year-Over-Year (YoY) Change in Closed Sales All Properties Year-Over-Year (YoY) Change in Closed Sales Single-Family Only Year-Over-Year (YoY) Change in Closed Sales Condominium Only Closed Sales Pending Sales New Listings City of Boston Overview Regional Map Median Sales Price Housing Affordability Index Inventory of Homes for Sale Months Supply of Inventory Days on Market Until Sale Percent of Original List Price Received
  • 2. Single-Family Home Market Overview Historical Sparkbars 9-2015 9-2016 Percent Change YTD 2015 YTD 2016 Percent Change Key market metrics for the current month and year-to-date figures for Single-Family Homes Only. Closed Sales 1,218 1,145 - 6.0% Key Metrics 10,789 + 3.2% Median Sales Price $491,700 $508,000 + 3.3% $522,500 $544,300 + 4.2% 10,454 - 1.2% Inventory of Homes for Sale 3,908 3,021 - 22.7% -- -- -- Housing Affordability Index 87 87 0.0% 82 81 -- Days on Market Until Sale 57 52 - 8.8% 62 60 - 3.2% Months Supply of Inventory 3.5 2.6 - 25.7% -- -- Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 2 + 0.2% Pending Sales 1,214 1,222 + 0.7% 11,154 11,491 + 3.0% Pct. of Orig. List Price Received 97.7% 97.8% + 0.1% 98.3% 98.5% New Listings - 1.6%1,953 1,890 - 3.2% 15,161 14,920 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
  • 3. Condominium Market Overview Historical Sparkbars 9-2015 9-2016 Percent Change YTD 2015 YTD 2016 Percent Change Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 3 + 4.7%Pending Sales 860 946 + 10.0% 8,707 9,117 New Listings 1,440 1,473 + 2.3% 11,050 11,172 100.6% + 0.3% 46- 20.0% 49 + 1.1% Pct. of Orig. List Price Received 99.5% 100.0% + 0.5% 100.3% - 6.1% - 18.6% -- -- Months Supply of Inventory 2.4 1.9 - 20.8% -- -- -- -- + 19.2% $450,000 $489,000 + 8.7% 87 - 13.9% 95 91 - 4.2% + 4.4% Key Metrics 8,546 + 5.2%8,123 Key market metrics for the current month and year-to-date figures for Condominium Properties Only. Closed Sales 942 983 Median Sales Price $425,450 $507,000 Inventory of Homes for Sale 2,109 1,716 Days on Market Until Sale 50 40 Housing Affordability Index 101 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
  • 4. Closed Sales Closed Sales Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Oct-2015 1,120 +8.3% 831 -4.8% Nov-2015 1,007 +7.4% 775 +16.7% Dec-2015 1,250 +11.2% 912 +8.1% Jan-2016 843 +17.7% 604 +24.5% Feb-2016 589 +10.9% 473 +4.6% Mar-2016 779 +13.9% 756 +30.6% Apr-2016 929 +21.9% 828 +20.0% May-2016 1,249 +17.8% 1,121 +17.0% Jun-2016 1,936 +3.5% 1,412 +1.7% Jul-2016 1,604 -15.7% 1,158 -15.9% Aug-2016 1,715 +0.3% 1,211 -3.2% Sep-2016 1,145 -6.0% 983 +4.4% 12-Month Avg 1,181 +4.5% 922 +5.3% Historical Closed Sales by Month Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 4 A count of the actual sales that closed in a given month. 1,037 879 1,218 942 1,145 983 Single-Family Condominium September 0 500 1,000 1,500 2,000 2,500 1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 Single-Family Condominium 9,853 8,251 10,454 8,123 10,789 8,546 Single-Family Condominium Year to Date 2014 2015 2016 + 4.4%+ 7.2%- 6.0%+ 17.5% - 1.6%+ 3.2%+ 6.1% + 5.2% 2014 2015 2016 2014 2015 2016 2014 2015 2016 - 8.3% - 7.1% - 4.3%- 6.6%
  • 5. Median Sales Price Median Sales Price Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Oct-2015 $475,000 +0.5% $455,000 +15.2% Nov-2015 $517,000 +6.4% $450,455 +7.3% Dec-2015 $500,001 +5.3% $443,750 +5.2% Jan-2016 $490,000 +1.0% $443,250 -1.3% Feb-2016 $517,500 +10.1% $449,000 +7.0% Mar-2016 $472,500 +0.6% $478,750 +5.2% Apr-2016 $530,000 +3.5% $480,228 +10.1% May-2016 $530,250 +2.0% $482,500 +4.0% Jun-2016 $585,000 +4.5% $505,000 +9.8% Jul-2016 $575,000 +4.5% $495,000 +7.6% Aug-2016 $575,000 +8.7% $499,617 +9.6% Sep-2016 $508,000 +3.3% $507,000 +19.2% 12-Month Avg* $522,938 +3.9% $474,129 +9.1% Historical Median Sales Price by Month Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month. * Median Sales Price for all properties from October 2015 through September 2016. This is not the average of the individual figures above. Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 5 $459,000 $411,500 $491,700 $425,450 $508,000 $507,000 Single-Family Condominium September $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 Single-Family Condominium $499,900 $415,000 $522,500 $450,000 $544,300 $489,000 Single-Family Condominium Year to Date 2014 2015 2016 + 19.2%+ 3.4%+ 3.3%+ 7.1% + 8.4%+ 4.2%+ 4.5% + 8.7% 2014 2015 2016 2014 2015 2016 2014 2015 2016 - 2.3% + 7.5% + 6.4%+ 3.3%
  • 6. Housing Affordability Index Affordability Index Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Oct-2015 90 +4.7% 94 -8.7% Nov-2015 82 -2.4% 94 -3.1% Dec-2015 85 -2.3% 96 -1.0% Jan-2016 86 -3.4% 95 -2.1% Feb-2016 85 -7.6% 97 -6.7% Mar-2016 92 +1.1% 91 -3.2% Apr-2016 82 -3.5% 91 -8.1% May-2016 82 -2.4% 90 -4.3% Jun-2016 76 0.0% 88 -5.4% Jul-2016 77 +1.3% 89 -2.2% Aug-2016 77 -3.8% 89 -4.3% Sep-2016 87 0.0% 87 -13.9% 12-Month Avg 83 -2.1% 92 -5.1% Historical Housing Affordability Index by Month This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability. Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 6 87 97 87 101 87 87 Single-Family Condominium September 40 60 80 100 120 140 1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 Single-Family Condominium 80 96 82 95 81 91 Single-Family Condominium Year to Date 2014 2015 2016 - 13.9%+ 4.1%0.0%0.0% - 1.0%- 1.2%+ 2.5% - 4.2% 2014 2015 2016 2014 2015 2016 2014 2015 2016 + 4.8% - 4.8% - 4.0%- 1.0%
  • 7. Inventory of Homes for Sale Homes for Sale Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Oct-2015 3,760 +0.9% 2,050 +6.3% Nov-2015 3,137 +2.7% 1,816 +12.6% Dec-2015 2,379 -0.8% 1,388 +11.2% Jan-2016 2,317 +2.5% 1,385 +8.8% Feb-2016 2,337 +13.9% 1,379 +13.1% Mar-2016 2,840 +26.2% 1,639 +19.8% Apr-2016 3,164 +5.9% 1,669 -3.0% May-2016 3,184 -10.0% 1,655 -14.6% Jun-2016 3,301 -10.8% 1,669 -13.7% Jul-2016 3,092 -16.6% 1,653 -12.7% Aug-2016 2,748 -23.6% 1,460 -19.4% Sep-2016 3,021 -22.7% 1,716 -18.6% 12-Month Avg 2,940 -5.1% 1,623 -2.9% Historical Inventory of Homes for Sale by Month The number of properties available for sale in active status at the end of a given month. Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 7 3,843 1,898 3,908 2,109 3,021 1,716 Single-Family Condominium September 0 2,000 4,000 6,000 8,000 10,000 1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 Single-Family Condominium 2014 2015 2016 - 18.6%+ 11.1%- 22.7%+ 1.7% 2014 2015 2016 + 8.1% - 12.8%
  • 8. Months Supply of Inventory Months Supply Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Oct-2015 3.3 -5.7% 2.4 +9.1% Nov-2015 2.7 -3.6% 2.1 +16.7% Dec-2015 2.1 -4.5% 1.6 +14.3% Jan-2016 2.0 -4.8% 1.5 +7.1% Feb-2016 2.0 +5.3% 1.5 +7.1% Mar-2016 2.4 +14.3% 1.8 +12.5% Apr-2016 2.7 -3.6% 1.8 -10.0% May-2016 2.6 -21.2% 1.8 -21.7% Jun-2016 2.7 -20.6% 1.8 -21.7% Jul-2016 2.6 -23.5% 1.8 -18.2% Aug-2016 2.3 -28.1% 1.6 -23.8% Sep-2016 2.6 -25.7% 1.9 -20.8% 12-Month Avg* 2.5 -11.9% 1.8 -7.1% Historical Months Supply of Inventory by Month The inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months. * Months Supply for all properties from October 2015 through September 2016. This is not the average of the individual figures above. Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 8 3.5 2.1 3.5 2.42.6 1.9 Single-Family Condominium September 0.0 2.0 4.0 6.0 8.0 10.0 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 Single-Family Condominium 2014 2015 2016 - 20.8%+ 14.3%- 25.7%0.0% 2014 2015 2016 + 12.9% - 12.5%
  • 9. Days on Market Until Sale Days on Market Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Oct-2015 64 +4.9% 50 0.0% Nov-2015 61 -7.6% 56 +5.7% Dec-2015 70 +1.4% 52 -5.5% Jan-2016 74 -11.9% 58 -1.7% Feb-2016 91 -3.2% 64 -13.5% Mar-2016 80 -13.0% 60 -9.1% Apr-2016 70 -10.3% 48 -18.6% May-2016 58 -1.7% 46 +2.2% Jun-2016 49 -5.8% 41 +5.1% Jul-2016 51 +4.1% 40 0.0% Aug-2016 56 +3.7% 41 -8.9% Sep-2016 52 -8.8% 40 -20.0% 12-Month Avg* 65 -2.2% 50 -3.5% Historical Days on Market Until Sale by Month Average number of days between when a property is listed and when an offer is accepted in a given month. * Days on Market for all properties from October 2015 through September 2016. This is not the average of the individual figures above. Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 9 61 51 57 5052 40 Single-Family Condominium September 20 40 60 80 100 120 140 1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 Single-Family Condominium 58 53 62 49 60 46 Single-Family Condominium Year to Date 2014 2015 2016 - 20.0%- 2.0%- 8.8%- 6.6% - 7.5%- 3.2%+ 6.9% - 6.1% 2014 2015 2016 2014 2015 2016 2014 2015 2016 + 17.3% - 4.9% + 1.9%+ 4.1%
  • 10. Percent of Original List Price Received Pct. of Orig. List Price Received Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Oct-2015 96.7% 0.0% 99.7% +1.2% Nov-2015 97.4% +0.8% 99.3% +1.2% Dec-2015 96.1% +0.5% 98.3% +0.4% Jan-2016 95.8% -0.1% 97.9% +0.1% Feb-2016 95.7% +0.5% 98.1% -0.1% Mar-2016 97.7% +1.2% 99.7% +1.0% Apr-2016 98.4% +1.0% 101.1% +0.5% May-2016 99.3% +0.2% 101.4% +0.5% Jun-2016 99.8% +0.1% 101.7% +0.1% Jul-2016 99.6% +0.1% 101.5% +0.4% Aug-2016 98.6% +0.1% 100.8% +0.2% Sep-2016 97.8% +0.1% 100.0% +0.5% 12-Month Avg* 97.7% +0.2% 100.0% +0.4% Historical Percent of Original List Price Received by Month 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. * Pct. of Orig. List Price Received for all properties from October 2015 through September 2016. This is not the average of the individual figures above. Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 10 96.9% 99.1%97.7% 99.5%97.8% 100.0% Single-Family Condominium September 87.5% 90.0% 92.5% 95.0% 97.5% 100.0% 102.5% 1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 Single-Family Condominium 98.0% 99.6%98.3% 100.3%98.5% 100.6% Single-Family Condominium Year to Date 2014 2015 2016 + 0.5%+ 0.4%+ 0.1%+ 0.8% + 0.7%+ 0.2%+ 0.3% + 0.3% 2014 2015 2016 2014 2015 2016 2014 2015 2016 - 0.1% + 0.8% + 0.8%+ 0.3%
  • 11. Pending Sales Pending Sales Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Oct-2015 1,258 +8.2% 954 +14.1% Nov-2015 950 +6.1% 722 +10.2% Dec-2015 659 +11.9% 519 +12.1% Jan-2016 683 -3.3% 648 +18.2% Feb-2016 886 +40.2% 823 +45.1% Mar-2016 1,435 +29.9% 1,130 +13.3% Apr-2016 1,589 +2.8% 1,303 +2.3% May-2016 1,774 +0.8% 1,299 +0.2% Jun-2016 1,613 -9.7% 1,196 -13.7% Jul-2016 1,149 -10.4% 879 -8.8% Aug-2016 1,140 +1.6% 893 +9.7% Sep-2016 1,222 +0.7% 946 +10.0% 12-Month Avg 1,197 +4.0% 943 +6.1% Historical Pending Sales by Month 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). Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 11 1,034 859 1,214 860 1,222 946 Single-Family Condominium September 250 500 750 1,000 1,250 1,500 1,750 2,000 1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 Single-Family Condominium 10,391 8,604 11,154 8,707 11,491 9,117 Single-Family Condominium Year to Date 2014 2015 2016 + 10.0%+ 0.1%+ 0.7%+ 17.4% + 1.2%+ 3.0%+ 7.3% + 4.7% 2014 2015 2016 2014 2015 2016 2014 2015 2016 + 1.8% - 7.3% - 6.4%0.0%
  • 12. New Listings New Listings Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Oct-2015 1,525 +3.1% 1,153 +3.5% Nov-2015 875 +17.8% 762 +26.4% Dec-2015 553 +10.4% 462 +15.8% Jan-2016 903 +7.4% 805 +13.5% Feb-2016 1,126 +76.8% 938 +50.6% Mar-2016 2,167 +45.0% 1,546 +22.3% Apr-2016 2,122 -14.2% 1,470 -15.1% May-2016 2,071 -18.2% 1,437 -13.5% Jun-2016 2,116 -6.8% 1,440 -8.1% Jul-2016 1,316 -19.3% 1,109 -0.7% Aug-2016 1,209 -9.2% 954 +1.9% Sep-2016 1,890 -3.2% 1,473 +2.3% 12-Month Avg 1,489 -0.1% 1,129 +2.9% Historical New Listings by Month A count of the properties that have been newly listed on the market in a given month. Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 12 1,805 1,277 1,953 1,440 1,890 1,473 Single-Family Condominium September 0 1,000 2,000 3,000 4,000 1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 Single-Family Condominium 14,652 10,661 15,161 11,050 14,920 11,172 Single-Family Condominium Year to Date 2014 2015 2016 + 2.3%+ 12.8%- 3.2%+ 8.2% + 3.6%- 1.6%+ 3.5% + 1.1% 2014 2015 2016 2014 2015 2016 2014 2015 2016 + 5.9% - 0.2% - 7.0%- 5.4%
  • 13. City of Boston - Market Overview Historical Sparkbars 9-2015 9-2016 Percent Change YTD 2015 YTD 2016 Percent Change Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 13 + 0.5% 5,518 - 0.7% 4,359 New Listings 764 757 - 0.9% 5,559 Pending Sales 419 426 + 1.7% 4,337 - 2.1% Pct. of Orig. List Price Received 98.9% 99.4% + 0.5% 99.9% 99.9% 0.0% Days on Market Until Sale 48 44 - 8.3% 47 46 -- -- Inventory of Homes for Sale 1,080 926 - 14.3% -- Months Supply of Inventory 2.5 2.1 - 16.0% -- 86 - 6.5% ---- Housing Affordability Index 94 83 - 11.7% 92 4,097 + 0.4% Median Sales Price $500,000 $590,000 + 18.0% $510,000 $568,625 + 11.5% 4,082 Key market metrics for the current month and year-to-date figures for the City of Boston. Closed Sales 449 491 + 9.4% Key Metrics Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016
  • 14. Regional Map Central Middlesex Region Metro West Region Acton Ashland Bedford Dover Boxboro Framingham Concord Holliston Hudson Hopkinton Lexington Medfield Lincoln Medway Maynard Millis Stow Natick Sudbury Needham Wayland Sherborn Weston Wellesley Eastern Middlesex Region Southern Norfolk Region Burlington Avon Malden Bellingham Medford Canton Melrose Foxboro North Reading Franklin Reading Mansfield Stoneham Norfolk Wakefield Norwood Wilmington Randolph Winchester Sharon Woburn Stoughton Walpole Metro Boston Region Westwood Arlington Wrentham Belmont Boston Brookline Cambridge Chelsea Dedham Everett Milton Newton Revere Somerville Waltham Watertown Winthrop Current as of October 16, 2016. All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Report © 2016 ShowingTime. | 14 A map of the the 64 areas and 5 regions that make up "Greater Boston." Greater Boston Association of REALTORS® Regional Map Communities by Region