Here’s December 2013′s Monthly Indicators report from the Greater Boston Association of Realtors®:
December sales close to back on track after dip in November as buyer demand continues to be strong. Prices continue to move up because demand for available homes to buy is outpacing supply. Inventory continues to shrink from the same time the year before. What the market needs are homeowners to commit to selling to get us to full recovery. 2013 was a positive year for the market as it gets closer to full recovery.
• December single-family home sales – Down 0.2% over last year.
• December Single-family median prices were UP 6.3% to $320,000. Fifteen straight months of increases.
• December condo sales UP 5.8% and median prices UP 8% ($305,000)
• Inventory in December Down 21.7 to 15,194 and Condominium homes available Down 28% to 4,094
• SF listings added to the market in December UP 4.6% over last year. (2,463 from 2,354 in 2012)
• Condo listings added to the market up 3.7% over last year. (908 from 876 in 2012)
http://blog.unitboston.com/?p=2400
December 2013 Greater Boston Real Estate Market Trends Report
1. Monthly Indicators
A RESEARCH TOOL PROVIDED BY THE GREATER BOSTON ASSOCIATION OF REALTORS®
December 2013
Quick Facts
In its entirety, 2013 proved to be a good year for housing. Home sales and
prices were broadly higher across the nation, while foreclosure loads, the
number of homes for sale and the number of days it took to sell a home were all
much lower. Multiple-offer situations became commonplace again and prices in
many areas rallied to multi-year highs. This, of course, varied by location and
segment, but the proverbial glass appeared to be more than half full throughout
the year.
+ 5.4%
+ 9.3%
+ 1.3%
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
New Listings in the Greater Boston region were up 11.5 percent for detached
homes and 18.6 percent for condominiums. Closed Sales increased 9.3 percent
for detached homes and 1.3 percent for condominiums.
Single-Family Market Overview
The Median Sales Price was up 6.4 percent to $500,000 for single-family
properties and 11.2 percent to $423,250 for condominiums. Months Supply of
Inventory decreased 37.0 percent for single-family units and 30.8 percent for
townhouse-condo units.
Median Sales Price
Condominium Market Overview
Closed Sales
Housing Affordability Index
Inventory of Homes for Sale
Months Supply of Inventory
Housing is fortified by confident consumers and good jobs. The year 2013 was
marked by a slowly improving labor market stunted by political gridlock, and the
Federal Reserve's long-awaited taper announcement was not surprising.
Interest rates remain low (but upwardly mobile), prices are still affordable, the
employment picture looks decent and the stock market is up nearly 30.0
percent from this time last year. It's no wonder that buyers were active in 2013.
Here's to more of the same in 2014.
Days On Market Until Sale
Percent of Original List Price Received
Pending Sales
New Listings
City of Boston Overview
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6
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10
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12
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Click on desired metric to jump to that page.
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 16, 2014. All data from MLS Property
Information Network, Inc. Provided by Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing.
2. Single-Family Market Overview
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
Key Metrics
Historical Sparklines
Dec-2012 Dec-2013
Closed Sales
+/–
YTD 2012 YTD 2013
+/–
819
12-2012
12 2012
12-2011
12-2012
12-2011
12-2012
12-2011
12-2012
12-2011
12-2012
12-2011
12-2012
- 31.2%
--
--
--
1.8
- 37.0%
--
--
--
69
- 28.6%
98
68
- 30.5%
95.9%
+ 1.8%
94.4%
97.0%
+ 2.8%
510
+ 1.2%
10,871
11,619
+ 6.9%
396
+ 11.5%
14,394
14,701
+ 2.1%
12-2013
New Listings
12-2010
1,613
12-2013
Pending Sales
12-2010
- 12.7%
12-2013
Percent of Original
List Price Received
12-2010
100
12-2013
Days on Market Until Sale
12-2010
115
12-2013
12 2013
Months Supply of Inventory
12-2010
- 11.9%
355
12-2011
12 2011
99
12-2013
Inventory of Homes for Sale
12-2010
12 2010
+ 7.6%
504
12-2012
$495,000
94.2%
12-2011
$459,900
12-2013
Housing Affordability Index
12-2010
+ 6.4%
97
12-2012
$500,000
2.9
12-2011
+ 6.9%
12-2013
Median Sales Price
12-2010
11,442
2,343
12-2012
10,707
113
12-2011
+ 9.3%
$470,000
12-2010
895
12-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2
3. Condominium Market Overview
Key market metrics for the current month and year-to-date figures for Condominium Properties Only.
Key Metrics
Historical Sparklines
Dec-2012 Dec-2013
Closed Sales
+/–
YTD 2012 YTD 2013
+/–
766
12-2012
12 2012
12-2011
12-2012
12-2011
12-2012
12-2011
12-2012
12-2011
12-2012
12-2011
12-2012
- 29.9%
--
--
--
1.4
- 30.8%
--
--
--
55
- 35.0%
87
53
- 38.8%
98.1%
+ 1.9%
95.8%
98.9%
+ 3.2%
441
- 3.9%
9,811
10,595
+ 8.0%
364
+ 18.6%
12,229
12,676
+ 3.7%
12-2013
New Listings
12-2010
1,073
12-2013
Pending Sales
12-2010
- 12.2%
12-2013
Percent of Original
List Price Received
12-2010
120
12-2013
Days on Market Until Sale
12-2010
137
12-2013
12 2013
Months Supply of Inventory
12-2010
- 15.2%
307
12-2011
12 2011
116
12-2013
Inventory of Homes for Sale
12-2010
12 2010
+ 6.9%
459
12-2012
$405,000
96.2%
12-2011
$379,000
12-2013
Housing Affordability Index
12-2010
+ 11.2%
84
12-2012
$423,250
2.0
12-2011
+ 7.4%
12-2013
Median Sales Price
12-2010
10,370
1,531
12-2012
9,655
137
12-2011
+ 1.3%
$380,500
12-2010
776
12-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3
4. Closed Sales
A count of the actual sales that have closed in a given month.
December
Year to Date
Single-Family
YoY
Change
Condominium
YoY
Change
Jan-2013
643
7,918
- 4.0%
628
+ 3.5%
778
+ 4.9%
806
+ 6.5%
1,108
+ 10.5%
1,069
+ 5.9%
Jun-2013
9,655
8,958
622
Apr-2013
10,370
+ 13.3%
May-2013
10,707
+ 24.8%
435
Mar-2013
11,442
776
514
- 7.6%
1,489
- 0.9%
1,248
- 1.2%
1,491
+ 17.4%
1,255
+ 20.9%
Aug-2013
766
+ 15.1%
428
Jul-2013
819
736
601
Feb-2013
895
1,441
+ 11.6%
1,276
+ 6.2%
Sep-2013
2012
2013
+11.3%
+9.3%
Single-Family
2011
2012
2013
+19.1%
+1.3%
Condominium
2011
2012
2013
+19.5%
+6.9%
Single-Family
2011
2012
+21.9%
+7.4%
891
+ 19.1%
+ 10.3%
764
+ 7.3%
796
- 11.8%
708
- 6.5%
Dec-2013
2013
+ 22.0%
867
Nov-2013
2011
926
Oct-2013
895
+ 9.3%
776
+ 1.3%
11,442
+ 6.9%
10,370
+ 7.4%
Total
Condominium
Historical Closed Sales Activity
Single-Family
Condominium
1,800
1,600
1,400
1,200
1,000
800
600
400
200
Jan-2003
Jan-2004
Jan-2005
Jan-2006
Jan-2007
Jan-2008
Jan-2009
Jan-2010
Jan-2011
Jan-2012
Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 4
5. Median Sales Price
Median price point for all closed sales, not accounting for seller concessions, in a given month.
December
Year to Date
+6.7%
+6.4%
Single-Family
+10.3%
+11.2%
Condominium
$405,000
+ 19.1%
+ 14.2%
$387,500
+ 4.5%
May-2013
$499,000
+ 7.3%
$410,000
+ 7.6%
$542,000
+ 7.9%
$420,000
+ 5.0%
$532,250
+ 4.4%
$400,000
+ 3.4%
$520,000
+ 6.1%
$415,500
+ 9.3%
$500,500
+ 16.4%
$410,000
+ 9.3%
$468,000
+ 8.5%
$416,750
+ 13.9%
Nov-2013
2013
+ 2.5%
$476,500
Oct-2013
$360,000
2012
$425,100
Sep-2013
2011
- 5.4%
Aug-2013
2013
+ 4.0%
$350,000
Jul-2013
$380,500
2012
$369,250
+ 8.8%
$475,000
+ 6.4%
$410,250
+ 8.0%
Dec-2013
$500,000
+ 6.4%
$423,250
+ 11.2%
Median
$495,000
+ 7.6%
$405,000
+ 6.9%
$405,000
$345,000
2011
+ 6.2%
Apr-2013
$423,250
$430,000
$429,850
Mar-2013
$452,500 $459,900
YoY
Change
Jun-2013
$470,000
$440,458
Condominium
Feb-2013
$495,000
YoY
Change
Jan-2013
$500,000
Single-Family
2011
2012
2013
+1.6%
+7.6%
Single-Family
2011
$379,000
2012
2013
+5.3%
+6.9%
Condominium
Historical Median Sales Price
Single-Family
Condominium
$550,000
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
Jan-2003
Jan-2004
Jan-2005
Jan-2006
Jan-2007
Jan-2008
Jan-2009
Jan-2010
Jan-2011
Jan-2012
Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5
6. Housing Affordability Index
This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary
to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
December
Year to Date
+6.9%
-11.9%
Single-Family
2011
2012
2013
+3.7%
2011
-15.2%
2013
+11.4%
Condominium
2012
-12.7%
Single-Family
2011
2012
2013
+7.9%
-12.2%
+ 4.5%
128
- 8.8%
112
- 5.3%
136
+ 2.7%
104
- 4.8%
124
- 5.0%
90
- 11.6%
114
- 9.2%
92
- 9.4%
120
- 8.4%
93
- 11.6%
115
- 13.8%
98
- 19.0%
118
- 14.0%
104
- 13.1%
116
- 16.6%
Nov-2013
2013
123
Oct-2013
2012
Mar-2013
Sep-2013
2011
+ 11.2%
Aug-2013
100
+ 5.6%
146
Jul-2013
103
99
143
- 2.0%
Apr-2013
120
115
+ 3.7%
Jun-2013
113
125
122
May-2013
105
127
116
Condominium
Feb-2013
137
137
YoY
Change
Jan-2013
132
Single-Family
YoY
Change
109
- 6.4%
125
- 7.6%
Dec-2013
99
- 11.9%
116
- 15.2%
Average
106
-7.2%
125
-6.6%
Condominium
Historical Housing Affordability Index
Single-Family
Condominium
160
150
140
130
120
110
100
90
80
70
60
Jan-2004
Jan-2005
Jan-2006
Jan-2007
Jan-2008
Jan-2009
Jan-2010
Jan-2011
Jan-2012
Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 6
7. Inventory of Homes for Sale
The number of properties available for sale in active status at the end of a given month.
December
Single-Family
- 42.4%
1,706
- 41.8%
2,420
- 40.6%
1,736
- 47.3%
2,813
- 34.9%
1,977
- 40.4%
3,086
- 30.8%
2,075
- 35.3%
Jun-2013
3,084
- 26.7%
2,031
- 32.0%
Jul-2013
2,905
- 25.3%
1,857
- 32.7%
Aug-2013
2,793
- 23.8%
1,727
- 29.4%
Sep-2013
3,002
- 21.5%
1,928
- 24.3%
Oct-2013
1,073
1,593
- 32.5%
Apr-2013
1,531
- 30.6%
May-2013
1,613
2,345
2,453
Mar-2013
2,343
YoY
Change
Feb-2013
2,685
Condominium
Jan-2013
3,414
YoY
Change
2,847
- 19.5%
1,828
- 21.9%
Nov-2013
2011
2012
-31.4%
Single-Family
2011
-31.2%
2,315
- 23.7%
1,465
- 27.3%
2012
2013
Dec-2013
1,613
- 31.2%
1,073
- 29.9%
-43.0%
Condominium
2013
-29.9%
Average
2,640
- 28.6%
1,750
- 34.7%
Historical Inventory of Homes for Sale
Single-Family
Condominium
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
Jan-2003
Jan-2004
Jan-2005
Jan-2006
Jan-2007
Jan-2008
Jan-2009
Jan-2010
Jan-2011
Jan-2012
Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 7
8. Months Supply of Inventory
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
December
Single-Family
- 53.8%
3.9
- 48.6%
3.9
- 38.1%
2.8
- 49.0%
3.6
- 37.9%
2.5
- 44.0%
2.8
- 37.4%
1.9
- 38.9%
Jun-2013
2.1
- 26.1%
1.6
- 31.2%
Jul-2013
1.9
- 36.3%
1.5
- 44.3%
Aug-2013
1.9
- 31.7%
1.4
- 33.5%
Sep-2013
3.2
- 35.6%
2.2
- 36.5%
Oct-2013
1.4
3.1
- 27.0%
May-2013
1.8
- 39.7%
Apr-2013
2.0
3.9
5.7
Mar-2013
2.9
YoY
Change
Feb-2013
4.2
Condominium
Jan-2013
4.6
YoY
Change
3.3
- 27.0%
2.4
- 27.2%
Nov-2013
2011
2012
-38.3%
Single-Family
2011
-37.0%
2.9
- 13.6%
2.1
- 22.3%
2012
2013
Dec-2013
1.8
- 37.0%
1.4
- 30.8%
-52.1%
Condominium
2013
-30.8%
Average
2.9
- 36.9%
2.1
- 44.3%
Historical Months Supply of Inventory
Single-Family
Condominium
16
14
12
10
8
6
4
2
0
Jan-2004
Jan-2005
Jan-2006
Jan-2007
Jan-2008
Jan-2009
Jan-2010
Jan-2011
Jan-2012
Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 8
9. Days on Market Until Sale
Average number of days between when a property is listed and when an offer is accepted in a given month.
December
Year to Date
2011
2012
2013
-12.7%
-28.6%
Single-Family
2011
2012
2013
-30.0%
-35.0%
Condominium
2011
2012
2013
-5.8%
-30.5%
Single-Family
2011
2012
-17.7%
- 35.1%
74
- 22.2%
51
- 40.3%
56
- 37.6%
43
- 42.3%
47
- 41.7%
38
- 46.3%
49
- 44.3%
40
- 47.6%
58
- 35.1%
50
- 41.0%
59
- 33.8%
47
- 44.4%
65
- 26.8%
51
- 33.4%
69
- 28.6%
55
- 35.0%
Total
-38.8%
- 39.1%
63
Dec-2013
2013
71
- 22.1%
Nov-2013
55
- 17.8%
94
Oct-2013
53
107
Sep-2013
69
- 22.5%
Jul-2013
68
- 29.1%
96
Aug-2013
84
88
- 17.0%
Jun-2013
97
- 16.4%
Apr-2013
87
109
111
May-2013
111
YoY
Change
Mar-2013
98
Condominium
Feb-2013
105
104
YoY
Change
Jan-2013
120
Single-Family
68
- 30.5%
51
- 37.0%
Condominium
Historical Days on Market Until Sale
Single-Family
Condominium
150
130
110
90
70
50
30
Jan-2003
Jan-2004
Jan-2005
Jan-2006
Jan-2007
Jan-2008
Jan-2009
Jan-2010
Jan-2011
Jan-2012
Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 9
10. Percent of Original List Price Received
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.
December
Year to Date
+2.3%
+1.8%
Single-Family
2012
2013
+3.4%
+1.9%
Condominium
2011
2012
2013
+1.4%
+2.8%
Single-Family
2011
2013
+2.0%
+3.2%
+ 2.4%
97.6%
+ 3.8%
+ 3.4%
98.8%
+ 3.3%
97.8%
+ 2.6%
99.5%
+ 3.5%
98.4%
+ 3.2%
99.7%
+ 3.5%
98.1%
+ 2.4%
99.9%
+ 3.5%
97.9%
+ 3.2%
99.6%
+ 3.5%
97.3%
+ 2.9%
99.0%
+ 2.6%
97.2%
+ 3.0%
98.8%
+ 3.1%
96.3%
+ 1.7%
98.8%
+ 2.8%
Dec-2013
2012
95.2%
96.7%
Nov-2013
2011
Mar-2013
Oct-2013
2013
+ 3.5%
Sep-2013
2012
+ 3.1%
96.6%
Aug-2013
2011
95.8%
+ 3.1%
Jul-2013
94.0% 95.8%
+ 3.7%
Jun-2013
97.0%
93.1% 94.4%
93.8%
94.1%
May-2013
93.0%
YoY
Change
Apr-2013
95.9%
92.1% 94.2%
Condominium
Feb-2013
98.9%
YoY
Change
Jan-2013
96.2% 98.1%
Single-Family
95.9%
+ 1.8%
98.1%
+ 1.9%
Average
97.0%
+ 2.8%
98.9%
+ 3.2%
Condominium
Historical Percent of Original List Price Received
Single-Family
Condominium
101%
99%
97%
95%
93%
91%
89%
Jan-2003
Jan-2004
Jan-2005
Jan-2006
Jan-2007
Jan-2008
Jan-2009
Jan-2010
Jan-2011
Jan-2012
Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10
11. Pending Sales
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).
December
Year to Date
Single-Family
YoY
Change
Condominium
YoY
Change
Jan-2013
474
504
459
414
10,871
441
9,811
9,091
7,952
+ 18.8%
712
- 4.6%
1,183
+ 2.7%
1,166
+ 9.3%
Apr-2013
10,595
657
- 5.8%
Mar-2013
11,619
+ 2.8%
713
1,389
+ 12.5%
1,272
+ 8.9%
May-2013
510
626
Feb-2013
1,490
+ 15.7%
1,263
+ 7.0%
Jun-2013
1,292
+ 9.8%
1,093
+ 10.1%
Jul-2013
991
+ 5.0%
960
+ 20.5%
Aug-2013
899
+ 15.1%
765
+ 4.9%
Sep-2013
2012
2013
+6.3%
+1.2%
Single-Family
2011
2012
2013
+10.9%
-3.9%
Condominium
2011
2012
2013
+19.6%
+6.9%
Single-Family
2011
2012
+23.4%
+8.0%
793
+ 8.2%
+ 9.3%
823
+ 4.2%
718
+ 4.7%
650
+ 9.1%
Dec-2013
2013
- 1.3%
955
Nov-2013
2011
853
Oct-2013
510
+ 1.2%
441
- 3.9%
11,619
+ 6.9%
10,595
+ 8.0%
Total
Condominium
Historical Pending Sales Activity
Single-Family
Condominium
2,200
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
Jan-2003
Jan-2004
Jan-2005
Jan-2006
Jan-2007
Jan-2008
Jan-2009
Jan-2010
Jan-2011
Jan-2012
Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 11
12. New Listings
A count of the properties that have been newly listed on the market in a given month.
December
Year to Date
YoY
Change
Single-Family
Condominium
YoY
Change
Jan-2013
Mar-2013
1,356
- 30.5%
1,344
- 21.1%
2,009
+ 14.3%
1,664
+ 13.6%
2,002
+ 14.3%
1,539
+ 12.9%
1,522
+ 15.1%
1,228
+ 8.4%
1,131
+ 12.9%
998
+ 12.5%
Aug-2013
307
- 14.7%
Jul-2013
12,229 12,676
- 2.5%
952
May-2013
364
355
907
- 21.7%
Apr-2013
13,403
383
- 5.6%
998
Jun-2013
396
883
Feb-2013
14,794 14,394 14,701
447
1,043
+ 6.1%
867
+ 11.2%
Sep-2013
2012
2013
-20.6%
+11.5%
Single-Family
2011
2012
2013
-19.8%
+18.6%
Condominium
2011
2012
2013
-2.7%
+2.1%
Single-Family
2011
2012
-8.8%
+3.7%
1,252
+ 10.8%
+ 17.6%
1,008
+ 17.1%
661
+ 4.8%
553
0.0%
Dec-2013
2013
+ 6.3%
1,231
Nov-2013
2011
1,469
Oct-2013
396
+ 11.5%
364
+ 18.6%
14,701
+ 2.1%
12,676
+ 3.7%
Total
Condominium
Historical New Listing Activity
Single-Family
Condominium
2,750
2,500
2,250
2,000
1,750
1,500
1,250
1,000
750
500
250
0
Jan-2003
Jan-2004
Jan-2005
Jan-2006
Jan-2007
Jan-2008
Jan-2009
Jan-2010
Jan-2011
Jan-2012
Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 12
13. City of Boston – Market Overview
Key market metrics for the current month and year-to-date figures for the City of Boston.
Key Metrics
Historical Sparklines
Dec-2012 Dec-2013
Closed Sales
+/–
YTD 2012 YTD 2013
+/–
426
12-2012
12 2012
12-2011
12-2012
12-2011
12-2012
12-2011
12-2012
12-2011
12-2012
12-2011
12-2012
- 20.9%
--
--
--
1.2
- 26.2%
--
--
--
57
- 25.5%
82
47
- 42.4%
97.3%
+ 1.7%
95.6%
98.6%
+ 3.1%
254
+ 5.8%
5,462
5,804
+ 6.3%
213
+ 40.1%
6,827
7,106
+ 4.1%
12-2013
New Listings
12-2010
554
12-2013
Pending Sales
12-2010
- 12.7%
12-2013
Percent of Original
List Price Received
12-2010
100
12-2013
Days on Market Until Sale
12-2010
115
12-2013
12 2013
Months Supply of Inventory
12-2010
- 11.9%
152
12-2011
12 2011
99
12-2013
Inventory of Homes for Sale
12-2010
12 2010
+ 9.7%
240
12-2012
$439,000
95.6%
12-2011
$400,000
12-2013
Housing Affordability Index
12-2010
+ 12.8%
76
12-2012
$451,000
1.6
12-2011
+ 4.7%
12-2013
Median Sales Price
12-2010
5,677
700
12-2012
5,421
113
12-2011
+ 7.3%
$400,000
12-2010
457
12-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 13