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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 October 2022 versus September 2022:
The Number of SOLD listings decreased by 16% to 91 properties with a top sale of $11 million at 2 Avery St #PH2A in Boston.
The Average Sales Price decreased by 2% to $1.45 million moving the Average Price Per Square Foot up to $1119 per square foot.
The inventory of properties available for sale as measured in months supply increased by 2% to 3.69 months worth of properties for sale.
The average 30 year fixed mortgage rate increased to 6.73% according to Bank Rate.com.
Boston
Average Sales Price
September 2022 – $1476000.93
October 2022 – $1447212.09
decreased by 2%
Average Days On Market
September 2022 – 56
October 2022 – 57
increased by 2%
Average Sale Price Per Square Foot
September 2022 – $1109.08
October 2022 – $1118.88338840911
increased by 1%
Sale to List Price Ratio
September 2022 – 97.73%
October 2022 – 98.18%
had no change with
Number of Sold Listings
September 2022 – 108
October 2022 – 91
decreased by 16%
Months Supply of Inventory
September 2022 – 3.61
October 2022 – 3.69
increased by 2%
Mortgage Rate
September 2022 – 7.20%
October 2022 – 6.73%
7% increased
Top 10 Sales
- $11000000 2 Avery St #PH2A Boston, MA
- $7399000 380 Harrison Avenue #12J Boston, MA
- $5700000 110 Sudbury St #3801 Boston, MA
- $4200000 370 Beacon Street #2 Boston, MA
- $3600000 546 Columbus Ave #2 Boston, MA
- $3200000 63 Mount Vernon Street #5 Boston, MA
- $3100000 100 Beacon #3A Boston, MA
- $2899000 86 Waltham Street #1 Boston, MA
- $2680000 1 Winter Place #PH Boston, MA
- $2650000 5 Monument Sq #1&2 Boston, MA
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