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October 2016 Quick Facts
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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
Monthly Indicators
As we enter the final quarter of 2016, not much has changed since the year began.
Market predictions have been, in a word, predictable. A relatively comfortable pace
of activity has been maintained thanks to continuing low unemployment and
mortgage rates. The one basic drag on market acceleration has been inventory
decline. There is little to indicate that the low inventory situation will resolve
anytime soon.
Closed Sales decreased 15.0 percent for Single-Family homes and 1.3 percent for
Condominium homes. Pending Sales decreased 4.7 percent for Single-Family
homes but remained flat for Condominium homes. Inventory decreased 26.4
percent for Single-Family homes and 21.2 percent for Condominium homes.
The Median Sales Price was up 10.8 percent to $526,300 for Single-Family homes
and 5.3 percent to $479,238 for Condominium homes. Days on Market decreased
12.5 percent for Single-Family homes and 20.0 percent for Condominium homes.
Months Supply of Inventory decreased 27.3 percent for Single-Family homes and
25.0 percent for Condominium homes.
Builder confidence is as high as it has been in more than a decade, yet the pace of
economic growth has been slow enough to cause pause. A low number of first-
time buyer purchases and a looming demographic shift also seem to be curbing
the desire to start new single-family construction projects. As older Americans
retire and downsize, single-family listings are expected to rise. The waiting is the
hardest part.
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of November 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
- 9.2% - 15.0% - 1.3%
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
Single-Family Home Market Overview
Historical Sparkbars 10-2015 10-2016
Percent
Change YTD 2015 YTD 2016
Percent
Change
- 3.0%1,524 1,274 - 16.4% 16,685 16,188
Current as of November 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
+ 0.3%
Pending Sales 1,258 1,199 - 4.7% 12,411 12,618 + 1.7%
Pct. of Orig. List Price Received 96.7% 98.0% + 1.3% 98.2% 98.5%
New Listings
--
Days on Market Until Sale 64 56 - 12.5% 62 60 - 3.2%
Months Supply of Inventory 3.3 2.4 - 27.3% -- --
- 1.2%
Inventory of Homes for Sale 3,762 2,769 - 26.4% -- -- --
Housing Affordability Index 90 84 - 6.7% 83 82
11,750 + 1.5%
Median Sales Price $475,000 $526,300 + 10.8% $518,000 $541,000 + 4.4%
11,574
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
Closed Sales 1,120 952 - 15.0%
Key Metrics
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Condominium Market Overview
Historical Sparkbars 10-2015 10-2016
Percent
Change YTD 2015 YTD 2016
Percent
Change
Key market metrics for the current month and year-to-date figures for Condominium Properties Only.
Closed Sales 831 820
Median Sales Price $455,000 $479,238
Inventory of Homes for Sale 2,050 1,616
Days on Market Until Sale 50 40
Housing Affordability Index 94
- 1.3%
Key Metrics
9,388 + 4.8%8,954
92 - 2.1% 95 91 - 4.2%
+ 5.3% $450,000 $487,455 + 8.3%
--
-- --
- 21.2% -- --
Months Supply of Inventory 2.4 1.8 - 25.0% --
- 20.0% 49
+ 0.3%
Pct. of Orig. List Price Received 99.7% 99.7% 0.0% 100.3%
- 6.1%
100.5% + 0.2%
46
Current as of November 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
+ 3.9%Pending Sales 954 954 0.0% 9,661 10,036
New Listings 1,153 1,063 - 7.8% 12,203 12,241
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Closed Sales
Closed Sales Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
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 1,605 -15.6% 1,159 -15.8%
Aug-2016 1,715 +0.3% 1,214 -3.0%
Sep-2016 1,153 -5.3% 1,001 +6.3%
Oct-2016 952 -15.0% 820 -1.3%
12-Month Avg 1,167 +2.7% 923 +5.9%
Historical Closed Sales by Month
Current as of November 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.
1,034
873
1,120
831
952
820
Single-Family Condominium
October
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
10,887
9,124
11,574
8,954
11,750
9,388
Single-Family Condominium
Year to Date
2014 2015 2016
- 1.3%- 4.8%- 15.0%+ 8.3% - 1.9%+ 1.5%+ 6.3% + 4.8%
2014 2015 2016 2014 2015 2016 2014 2015 2016
- 4.1% - 6.8% - 3.7%+ 3.4%
Median Sales Price
Median Sales Price Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
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% $499,950 +9.6%
Sep-2016 $510,000 +3.7% $510,000 +19.9%
Oct-2016 $526,300 +10.8% $479,238 +5.3%
12-Month Avg* $527,379 +4.5% $476,427 +7.9%
Historical Median Sales Price by Month
* Median Sales Price for all properties from November 2015 through October 2016. This is not the
average of the individual figures above.
Current as of November 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
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
$472,500
$395,000
$475,000
$455,000
$526,300
$479,238
Single-Family Condominium
October
$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
$495,000
$414,178
$518,000
$450,000
$541,000
$487,455
Single-Family Condominium
Year to Date
2014 2015 2016
+ 5.3%+ 15.2%+ 10.8%+ 0.5% + 8.6%+ 4.4%+ 4.6% + 8.3%
2014 2015 2016 2014 2015 2016 2014 2015 2016
+ 5.0% + 7.3% + 6.2%+ 1.3%
Housing Affordability Index
Affordability Index Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
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%
Oct-2016 84 -6.7% 92 -2.1%
12-Month Avg 83 -2.4% 92 -4.3%
Historical Housing Affordability Index by Month
Current as of November 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
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.
86
103
90
94
84
92
Single-Family Condominium
October
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
82
98
83
95
82
91
Single-Family Condominium
Year to Date
2014 2015 2016
- 2.1%- 8.7%- 6.7%+ 4.7% - 3.1%- 1.2%+ 1.2% - 4.2%
2014 2015 2016 2014 2015 2016 2014 2015 2016
- 1.1% - 3.5% - 2.0%+ 3.0%
Inventory of Homes for Sale
Homes for Sale Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Nov-2015 3,141 +2.8% 1,816 +12.6%
Dec-2015 2,385 -0.5% 1,388 +11.2%
Jan-2016 2,323 +2.7% 1,385 +8.8%
Feb-2016 2,346 +14.3% 1,379 +13.1%
Mar-2016 2,854 +26.7% 1,640 +19.9%
Apr-2016 3,185 +6.5% 1,673 -2.8%
May-2016 3,218 -9.0% 1,660 -14.3%
Jun-2016 3,343 -9.7% 1,678 -13.2%
Jul-2016 3,156 -14.9% 1,674 -11.6%
Aug-2016 2,830 -21.3% 1,498 -17.3%
Sep-2016 3,145 -19.6% 1,792 -15.0%
Oct-2016 2,769 -26.4% 1,616 -21.2%
12-Month Avg 2,891 -6.8% 1,600 -4.8%
Historical Inventory of Homes for Sale by Month
Current as of November 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
The number of properties available for sale in active status at the end of a given month.
3,726
1,929
3,762
2,050
2,769
1,616
Single-Family Condominium
October
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
- 21.2%+ 6.3%- 26.4%+ 1.0%
2014 2015 2016
+ 9.4% - 9.2%
Months Supply of Inventory
Months Supply Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Nov-2015 2.8 0.0% 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 2.7 -18.2% 1.8 -21.7%
Jun-2016 2.8 -17.6% 1.8 -21.7%
Jul-2016 2.7 -20.6% 1.8 -18.2%
Aug-2016 2.4 -25.0% 1.6 -23.8%
Sep-2016 2.7 -22.9% 1.9 -20.8%
Oct-2016 2.4 -27.3% 1.8 -25.0%
12-Month Avg* 2.5 -13.4% 1.8 -9.8%
Historical Months Supply of Inventory by Month
* Months Supply for all properties from November 2015 through October 2016. This is not the
average of the individual figures above.
Current as of November 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
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.
3.5
2.2
3.3
2.42.4
1.8
Single-Family Condominium
October
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
- 25.0%+ 9.1%- 27.3%- 5.7%
2014 2015 2016
+ 16.7% - 4.3%
Days on Market Until Sale
Days on Market Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
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% 41 +2.5%
Aug-2016 56 +3.7% 41 -8.9%
Sep-2016 52 -8.8% 41 -18.0%
Oct-2016 56 -12.5% 40 -20.0%
12-Month Avg* 64 -3.4% 49 -4.8%
Historical Days on Market Until Sale by Month
* Days on Market for all properties from November 2015 through October 2016. This is not the
average of the individual figures above.
Current as of November 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
Average number of days between when a property is listed and when an offer is accepted in a given month.
61
50
64
50
56
40
Single-Family Condominium
October
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
59
53
62
49
60
46
Single-Family Condominium
Year to Date
2014 2015 2016
- 20.0%0.0%- 12.5%+ 4.9% - 7.5%- 3.2%+ 5.1% - 6.1%
2014 2015 2016 2014 2015 2016 2014 2015 2016
+ 8.9% - 3.3% + 1.9%+ 8.7%
Percent of Original List Price Received
Pct. of Orig. List
Price Received Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
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 97.9% +0.2% 100.0% +0.5%
Oct-2016 98.0% +1.3% 99.7% 0.0%
12-Month Avg* 97.8% +0.3% 100.0% +0.3%
Historical Percent of Original List Price Received by Month
* Pct. of Orig. List Price Received for all properties from November 2015 through October 2016.
This is not the average of the individual figures above.
Current as of November 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
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.
96.7% 98.5%96.7% 99.7%98.0% 99.7%
Single-Family Condominium
October
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
97.9% 99.5%98.2% 100.3%98.5% 100.5%
Single-Family Condominium
Year to Date
2014 2015 2016
0.0%+ 1.2%+ 1.3%0.0% + 0.8%+ 0.3%+ 0.3% + 0.2%
2014 2015 2016 2014 2015 2016 2014 2015 2016
- 0.5% + 0.7% + 0.7%- 0.1%
Pending Sales
Pending Sales Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
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 884 +39.9% 823 +45.1%
Mar-2016 1,432 +29.6% 1,129 +13.2%
Apr-2016 1,587 +2.7% 1,301 +2.1%
May-2016 1,772 +0.7% 1,298 +0.1%
Jun-2016 1,612 -9.8% 1,195 -13.8%
Jul-2016 1,142 -10.9% 877 -9.0%
Aug-2016 1,126 +0.4% 888 +9.1%
Sep-2016 1,181 -2.6% 923 +7.3%
Oct-2016 1,199 -4.7% 954 0.0%
12-Month Avg 1,186 +2.4% 940 +4.6%
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 November 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
1,163
836
1,258
954
1,199
954
Single-Family Condominium
October
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
11,552
9,440
12,411
9,661
12,618
10,036
Single-Family Condominium
Year to Date
2014 2015 2016
0.0%+ 14.1%- 4.7%+ 8.2% + 2.3%+ 1.7%+ 7.4% + 3.9%
2014 2015 2016 2014 2015 2016 2014 2015 2016
+ 2.6% - 6.4% - 6.1%- 2.9%
New Listings
New Listings Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Nov-2015 876 +17.9% 761 +26.2%
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 2,168 +45.1% 1,545 +22.2%
Apr-2016 2,124 -14.1% 1,470 -15.1%
May-2016 2,071 -18.2% 1,437 -13.5%
Jun-2016 2,117 -6.8% 1,438 -8.2%
Jul-2016 1,315 -19.3% 1,111 -0.5%
Aug-2016 1,206 -9.4% 956 +2.1%
Sep-2016 1,884 -3.5% 1,478 +2.6%
Oct-2016 1,274 -16.4% 1,063 -7.8%
12-Month Avg 1,468 -1.7% 1,122 +2.0%
Historical New Listings by Month
Current as of November 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
A count of the properties that have been newly listed on the market in a given month.
1,479
1,114
1,524
1,153
1,274
1,063
Single-Family Condominium
October
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
16,130
11,775
16,685
12,203
16,188
12,241
Single-Family Condominium
Year to Date
2014 2015 2016
- 7.8%+ 3.5%- 16.4%+ 3.0% + 3.6%- 3.0%+ 3.4% + 0.3%
2014 2015 2016 2014 2015 2016 2014 2015 2016
+ 3.4% + 0.1% - 6.2%+ 2.4%
City of Boston - Market Overview
Historical Sparkbars 10-2015 10-2016
Percent
Change YTD 2015 YTD 2016
Percent
Change
Key market metrics for the current month and year-to-date figures for the City of Boston.
Closed Sales 374 381 + 1.9%
Key Metrics
4,498 + 0.9%
Median Sales Price $531,750 $560,000 + 5.3% $511,750 $566,000 + 10.6%
4,456
Housing Affordability Index 89 87 - 2.2% 92 86 - 6.5%
----
Months Supply of Inventory 2.5 2.0 - 20.0% --
Inventory of Homes for Sale 1,079 884 - 18.1% --
47 46
-- --
- 3.1% 4,827
- 2.1%
Pct. of Orig. List Price Received 99.3% 99.6% + 0.3% 99.8% 99.9% + 0.1%
Days on Market Until Sale 47 43 - 8.5%
Current as of November 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
- 0.2%
6,105 - 1.2%
4,815
New Listings 619 589 - 4.8% 6,178
Pending Sales 490 475
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 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
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
Current as of November 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

Contenu connexe

Tendances

December 2014 Greater Boston Real Estate Market Trends Report
December 2014 Greater Boston Real Estate Market Trends ReportDecember 2014 Greater Boston Real Estate Market Trends Report
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Similaire à Greater Boston Association of Realtors Monthly Housing Data: October 2016

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Similaire à Greater Boston Association of Realtors Monthly Housing Data: October 2016 (18)

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Greater Boston Association of Realtors Monthly Housing Data: October 2016

  • 1. October 2016 Quick Facts 2 3 4 5 6 7 8 9 10 11 12 13 14 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 Monthly Indicators As we enter the final quarter of 2016, not much has changed since the year began. Market predictions have been, in a word, predictable. A relatively comfortable pace of activity has been maintained thanks to continuing low unemployment and mortgage rates. The one basic drag on market acceleration has been inventory decline. There is little to indicate that the low inventory situation will resolve anytime soon. Closed Sales decreased 15.0 percent for Single-Family homes and 1.3 percent for Condominium homes. Pending Sales decreased 4.7 percent for Single-Family homes but remained flat for Condominium homes. Inventory decreased 26.4 percent for Single-Family homes and 21.2 percent for Condominium homes. The Median Sales Price was up 10.8 percent to $526,300 for Single-Family homes and 5.3 percent to $479,238 for Condominium homes. Days on Market decreased 12.5 percent for Single-Family homes and 20.0 percent for Condominium homes. Months Supply of Inventory decreased 27.3 percent for Single-Family homes and 25.0 percent for Condominium homes. Builder confidence is as high as it has been in more than a decade, yet the pace of economic growth has been slow enough to cause pause. A low number of first- time buyer purchases and a looming demographic shift also seem to be curbing the desire to start new single-family construction projects. As older Americans retire and downsize, single-family listings are expected to rise. The waiting is the hardest part. Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of November 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 - 9.2% - 15.0% - 1.3% 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
  • 2. Single-Family Home Market Overview Historical Sparkbars 10-2015 10-2016 Percent Change YTD 2015 YTD 2016 Percent Change - 3.0%1,524 1,274 - 16.4% 16,685 16,188 Current as of November 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 + 0.3% Pending Sales 1,258 1,199 - 4.7% 12,411 12,618 + 1.7% Pct. of Orig. List Price Received 96.7% 98.0% + 1.3% 98.2% 98.5% New Listings -- Days on Market Until Sale 64 56 - 12.5% 62 60 - 3.2% Months Supply of Inventory 3.3 2.4 - 27.3% -- -- - 1.2% Inventory of Homes for Sale 3,762 2,769 - 26.4% -- -- -- Housing Affordability Index 90 84 - 6.7% 83 82 11,750 + 1.5% Median Sales Price $475,000 $526,300 + 10.8% $518,000 $541,000 + 4.4% 11,574 Key market metrics for the current month and year-to-date figures for Single-Family Homes Only. Closed Sales 1,120 952 - 15.0% Key Metrics Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
  • 3. Condominium Market Overview Historical Sparkbars 10-2015 10-2016 Percent Change YTD 2015 YTD 2016 Percent Change Key market metrics for the current month and year-to-date figures for Condominium Properties Only. Closed Sales 831 820 Median Sales Price $455,000 $479,238 Inventory of Homes for Sale 2,050 1,616 Days on Market Until Sale 50 40 Housing Affordability Index 94 - 1.3% Key Metrics 9,388 + 4.8%8,954 92 - 2.1% 95 91 - 4.2% + 5.3% $450,000 $487,455 + 8.3% -- -- -- - 21.2% -- -- Months Supply of Inventory 2.4 1.8 - 25.0% -- - 20.0% 49 + 0.3% Pct. of Orig. List Price Received 99.7% 99.7% 0.0% 100.3% - 6.1% 100.5% + 0.2% 46 Current as of November 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 + 3.9%Pending Sales 954 954 0.0% 9,661 10,036 New Listings 1,153 1,063 - 7.8% 12,203 12,241 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016
  • 4. Closed Sales Closed Sales Single-Family Year-Over-Year Change Condominium Year-Over-Year Change 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 1,605 -15.6% 1,159 -15.8% Aug-2016 1,715 +0.3% 1,214 -3.0% Sep-2016 1,153 -5.3% 1,001 +6.3% Oct-2016 952 -15.0% 820 -1.3% 12-Month Avg 1,167 +2.7% 923 +5.9% Historical Closed Sales by Month Current as of November 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. 1,034 873 1,120 831 952 820 Single-Family Condominium October 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 10,887 9,124 11,574 8,954 11,750 9,388 Single-Family Condominium Year to Date 2014 2015 2016 - 1.3%- 4.8%- 15.0%+ 8.3% - 1.9%+ 1.5%+ 6.3% + 4.8% 2014 2015 2016 2014 2015 2016 2014 2015 2016 - 4.1% - 6.8% - 3.7%+ 3.4%
  • 5. Median Sales Price Median Sales Price Single-Family Year-Over-Year Change Condominium Year-Over-Year Change 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% $499,950 +9.6% Sep-2016 $510,000 +3.7% $510,000 +19.9% Oct-2016 $526,300 +10.8% $479,238 +5.3% 12-Month Avg* $527,379 +4.5% $476,427 +7.9% Historical Median Sales Price by Month * Median Sales Price for all properties from November 2015 through October 2016. This is not the average of the individual figures above. Current as of November 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 Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month. $472,500 $395,000 $475,000 $455,000 $526,300 $479,238 Single-Family Condominium October $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 $495,000 $414,178 $518,000 $450,000 $541,000 $487,455 Single-Family Condominium Year to Date 2014 2015 2016 + 5.3%+ 15.2%+ 10.8%+ 0.5% + 8.6%+ 4.4%+ 4.6% + 8.3% 2014 2015 2016 2014 2015 2016 2014 2015 2016 + 5.0% + 7.3% + 6.2%+ 1.3%
  • 6. Housing Affordability Index Affordability Index Single-Family Year-Over-Year Change Condominium Year-Over-Year Change 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% Oct-2016 84 -6.7% 92 -2.1% 12-Month Avg 83 -2.4% 92 -4.3% Historical Housing Affordability Index by Month Current as of November 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 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. 86 103 90 94 84 92 Single-Family Condominium October 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 82 98 83 95 82 91 Single-Family Condominium Year to Date 2014 2015 2016 - 2.1%- 8.7%- 6.7%+ 4.7% - 3.1%- 1.2%+ 1.2% - 4.2% 2014 2015 2016 2014 2015 2016 2014 2015 2016 - 1.1% - 3.5% - 2.0%+ 3.0%
  • 7. Inventory of Homes for Sale Homes for Sale Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Nov-2015 3,141 +2.8% 1,816 +12.6% Dec-2015 2,385 -0.5% 1,388 +11.2% Jan-2016 2,323 +2.7% 1,385 +8.8% Feb-2016 2,346 +14.3% 1,379 +13.1% Mar-2016 2,854 +26.7% 1,640 +19.9% Apr-2016 3,185 +6.5% 1,673 -2.8% May-2016 3,218 -9.0% 1,660 -14.3% Jun-2016 3,343 -9.7% 1,678 -13.2% Jul-2016 3,156 -14.9% 1,674 -11.6% Aug-2016 2,830 -21.3% 1,498 -17.3% Sep-2016 3,145 -19.6% 1,792 -15.0% Oct-2016 2,769 -26.4% 1,616 -21.2% 12-Month Avg 2,891 -6.8% 1,600 -4.8% Historical Inventory of Homes for Sale by Month Current as of November 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 The number of properties available for sale in active status at the end of a given month. 3,726 1,929 3,762 2,050 2,769 1,616 Single-Family Condominium October 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 - 21.2%+ 6.3%- 26.4%+ 1.0% 2014 2015 2016 + 9.4% - 9.2%
  • 8. Months Supply of Inventory Months Supply Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Nov-2015 2.8 0.0% 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 2.7 -18.2% 1.8 -21.7% Jun-2016 2.8 -17.6% 1.8 -21.7% Jul-2016 2.7 -20.6% 1.8 -18.2% Aug-2016 2.4 -25.0% 1.6 -23.8% Sep-2016 2.7 -22.9% 1.9 -20.8% Oct-2016 2.4 -27.3% 1.8 -25.0% 12-Month Avg* 2.5 -13.4% 1.8 -9.8% Historical Months Supply of Inventory by Month * Months Supply for all properties from November 2015 through October 2016. This is not the average of the individual figures above. Current as of November 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 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. 3.5 2.2 3.3 2.42.4 1.8 Single-Family Condominium October 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 - 25.0%+ 9.1%- 27.3%- 5.7% 2014 2015 2016 + 16.7% - 4.3%
  • 9. Days on Market Until Sale Days on Market Single-Family Year-Over-Year Change Condominium Year-Over-Year Change 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% 41 +2.5% Aug-2016 56 +3.7% 41 -8.9% Sep-2016 52 -8.8% 41 -18.0% Oct-2016 56 -12.5% 40 -20.0% 12-Month Avg* 64 -3.4% 49 -4.8% Historical Days on Market Until Sale by Month * Days on Market for all properties from November 2015 through October 2016. This is not the average of the individual figures above. Current as of November 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 Average number of days between when a property is listed and when an offer is accepted in a given month. 61 50 64 50 56 40 Single-Family Condominium October 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 59 53 62 49 60 46 Single-Family Condominium Year to Date 2014 2015 2016 - 20.0%0.0%- 12.5%+ 4.9% - 7.5%- 3.2%+ 5.1% - 6.1% 2014 2015 2016 2014 2015 2016 2014 2015 2016 + 8.9% - 3.3% + 1.9%+ 8.7%
  • 10. Percent of Original List Price Received Pct. of Orig. List Price Received Single-Family Year-Over-Year Change Condominium Year-Over-Year Change 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 97.9% +0.2% 100.0% +0.5% Oct-2016 98.0% +1.3% 99.7% 0.0% 12-Month Avg* 97.8% +0.3% 100.0% +0.3% Historical Percent of Original List Price Received by Month * Pct. of Orig. List Price Received for all properties from November 2015 through October 2016. This is not the average of the individual figures above. Current as of November 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 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. 96.7% 98.5%96.7% 99.7%98.0% 99.7% Single-Family Condominium October 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 97.9% 99.5%98.2% 100.3%98.5% 100.5% Single-Family Condominium Year to Date 2014 2015 2016 0.0%+ 1.2%+ 1.3%0.0% + 0.8%+ 0.3%+ 0.3% + 0.2% 2014 2015 2016 2014 2015 2016 2014 2015 2016 - 0.5% + 0.7% + 0.7%- 0.1%
  • 11. Pending Sales Pending Sales Single-Family Year-Over-Year Change Condominium Year-Over-Year Change 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 884 +39.9% 823 +45.1% Mar-2016 1,432 +29.6% 1,129 +13.2% Apr-2016 1,587 +2.7% 1,301 +2.1% May-2016 1,772 +0.7% 1,298 +0.1% Jun-2016 1,612 -9.8% 1,195 -13.8% Jul-2016 1,142 -10.9% 877 -9.0% Aug-2016 1,126 +0.4% 888 +9.1% Sep-2016 1,181 -2.6% 923 +7.3% Oct-2016 1,199 -4.7% 954 0.0% 12-Month Avg 1,186 +2.4% 940 +4.6% 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 November 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 1,163 836 1,258 954 1,199 954 Single-Family Condominium October 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 11,552 9,440 12,411 9,661 12,618 10,036 Single-Family Condominium Year to Date 2014 2015 2016 0.0%+ 14.1%- 4.7%+ 8.2% + 2.3%+ 1.7%+ 7.4% + 3.9% 2014 2015 2016 2014 2015 2016 2014 2015 2016 + 2.6% - 6.4% - 6.1%- 2.9%
  • 12. New Listings New Listings Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Nov-2015 876 +17.9% 761 +26.2% 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 2,168 +45.1% 1,545 +22.2% Apr-2016 2,124 -14.1% 1,470 -15.1% May-2016 2,071 -18.2% 1,437 -13.5% Jun-2016 2,117 -6.8% 1,438 -8.2% Jul-2016 1,315 -19.3% 1,111 -0.5% Aug-2016 1,206 -9.4% 956 +2.1% Sep-2016 1,884 -3.5% 1,478 +2.6% Oct-2016 1,274 -16.4% 1,063 -7.8% 12-Month Avg 1,468 -1.7% 1,122 +2.0% Historical New Listings by Month Current as of November 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 A count of the properties that have been newly listed on the market in a given month. 1,479 1,114 1,524 1,153 1,274 1,063 Single-Family Condominium October 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 16,130 11,775 16,685 12,203 16,188 12,241 Single-Family Condominium Year to Date 2014 2015 2016 - 7.8%+ 3.5%- 16.4%+ 3.0% + 3.6%- 3.0%+ 3.4% + 0.3% 2014 2015 2016 2014 2015 2016 2014 2015 2016 + 3.4% + 0.1% - 6.2%+ 2.4%
  • 13. City of Boston - Market Overview Historical Sparkbars 10-2015 10-2016 Percent Change YTD 2015 YTD 2016 Percent Change Key market metrics for the current month and year-to-date figures for the City of Boston. Closed Sales 374 381 + 1.9% Key Metrics 4,498 + 0.9% Median Sales Price $531,750 $560,000 + 5.3% $511,750 $566,000 + 10.6% 4,456 Housing Affordability Index 89 87 - 2.2% 92 86 - 6.5% ---- Months Supply of Inventory 2.5 2.0 - 20.0% -- Inventory of Homes for Sale 1,079 884 - 18.1% -- 47 46 -- -- - 3.1% 4,827 - 2.1% Pct. of Orig. List Price Received 99.3% 99.6% + 0.3% 99.8% 99.9% + 0.1% Days on Market Until Sale 47 43 - 8.5% Current as of November 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 - 0.2% 6,105 - 1.2% 4,815 New Listings 619 589 - 4.8% 6,178 Pending Sales 490 475 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 2016 Oct 2014 Apr 2015 Oct 2015 Apr 2016 Oct 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 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 Current as of November 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