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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 2021 versus 2020:
The Number of SOLD listings increased by 42% to 2167 properties with a top sale of $21.5 million at 776 Boylston Street in Boston.
The Average Sales Price increased by 12% to $1.56 million moving the Average Price Per Square Foot up to $1099 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 61% to 2.24 months worth of properties for sale.
The average 30 year fixed mortgage rate increased by 10% to 2.96% 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
2020 – $1389041.24
2021 – $1556165.99
increased by 12%
Average Days On Market
2020 – 57
2021 – 78
increased by 37%
Average Sale Price Per Square Foot
2020 – $1065.26322393228
2021 – $1099.4154316684
increased by 3%
Sale to List Price Ratio
2020 – 98.03%
2021 – 98.16%
had no change with
Number of Sold Listings
2020 – 1531
2021 – 2167
increased by 42%
Months Supply of Inventory
2020 – 5.78
2021 – 2.24
decreased by 61%
Mortgage Rate
2020 – 3.27%
2021 – 2.96%
10% increased by 10%
Top 10 Sales
- $21500000 776 Boylston Street Boston, MA
- $15150000 7 Mount Vernon Place Boston, MA
- $15000000 20 Louisburg Square Boston, MA
- $15000000 2 Commonwealth Avenue Boston, MA
- $14800000 300 Pier 4 Boulevard Boston, MA
- $14500000 35 Commonwealth Boston, MA
- $14125000 776 Boylston Boston, MA
- $13500000 17 Louisburg Square Boston, MA
- $12500000 122 Commonwealth Avenue Boston, MA
- $11000000 2 Commonwealth Boston, MA
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