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Welcome to The Griffin Real Estate Market Update.
If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends.
According to MLSPIN, the marketplace for Boston residential properties here’s what happened in April 2022 versus March 2022:
The Number of SOLD listings increased by 13% to 168 properties with a top sale of $14.8 million at 17 Louisburg Square in Boston.
The Average Sales Price increased by 5% to $1.65 million and the Price Per Square Foot had minimal change, averaging $1136 per square foot.
The inventory of properties available for sale as measured in months supply increased by 30% to 3.06 months worth of properties for sale.
The average 30 year fixed mortgage rate increased to 4.49% according to Bank Rate.com.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Boston
Average Sales Price
March 2022 – $1580958.44
April 2022 – $1653944.35
increased by 5%
Average Days On Market
March 2022 – 58
April 2022 – 44
decreased by 24%
Average Sale Price Per Square Foot
March 2022 – $1140.28
April 2022 – $1136.18
had no change with
Sale to List Price Ratio
March 2022 – 99.52%
April 2022 – 100.55%
increased by 1%
Number of Sold Listings
March 2022 – 149
April 2022 – 168
increased by 13%
Months Supply of Inventory
March 2022 – 2.35
April 2022 – 3.06
increased by 30%
Mortgage Rate
March 2022 – 5.42%
April 2022 – 4.49%
21% increased
Top 10 Sales
- $14800000 17 Louisburg Square Boston, MA
- $10000000 10 Rowes Wharf #PH06 Boston, MA
- $5900000 28 Mt Vernon St #2 Boston, MA
- $5800000 110 Sudbury St #4001 Boston, MA
- $5650000 1 Dalton #3005 Boston, MA
- $5610000 346 Congress St #PH2 Boston, MA
- $5600000 110 Sudbury St #3701 Boston, MA
- $4850000 118 W Concord St Boston, MA
- $4720500 22 Liberty Dr #6F Boston, MA
- $4485000 201 West Brookline #203 Boston, MA
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