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November 2016 Quick Facts
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Monthly Indicators
The story has remained consistent as concerns residential real estate. In year-over-
year comparisons, the number of homes for sale has been fewer in most
communities. Meanwhile, homes are selling in fewer days and for higher prices.
This hasn't always been the case, but it has occurred with enough regularity and
for enough time to make it a trend for the entirety of 2016.
Closed Sales increased 16.8 percent for Single-Family homes and 7.2 percent for
Condominium homes. Pending Sales increased 5.1 percent for Single-Family
homes and 9.4 percent for Condominium homes. Inventory decreased 30.4
percent for Single-Family homes and 27.4 percent for Condominium homes.
The Median Sales Price was up 1.5 percent to $524,500 for Single-Family homes
and 10.2 percent to $496,500 for Condominium homes. Days on Market decreased
16.4 percent for Single-Family homes and 28.6 percent for Condominium homes.
Months Supply of Inventory decreased 32.1 percent for Single-Family homes and
33.3 percent for Condominium homes.
Financial markets were volatile in the days surrounding the presidential election,
but they self-corrected and reached new heights soon after. Long-term indicators
of what it will be like to have a real estate developer for a president remain fuzzy,
but the outcome is not likely to be dull. Prior to the election, trend shift was hard to
come by, and unemployment rates have not budged since August 2015. Post-
election, mortgage rates are up and so are opinions that a trend shift is likely in the
near future.
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of December 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
+ 12.6% + 16.8% + 7.2%
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
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
Single-Family Home Market Overview
Historical Sparkbars 11-2015 11-2016
Percent
Change YTD 2015 YTD 2016
Percent
Change
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
Closed Sales 1,007 1,176 + 16.8%
Key Metrics
12,936 + 2.8%
Median Sales Price $517,000 $524,500 + 1.5% $518,000 $540,000 + 4.2%
12,581
0.0%
Inventory of Homes for Sale 3,145 2,190 - 30.4% -- -- --
Housing Affordability Index 82 85 + 3.7% 82 82
--
Days on Market Until Sale 61 51 - 16.4% 62 59 - 4.8%
Months Supply of Inventory 2.8 1.9 - 32.1% -- --
Current as of December 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 950 998 + 5.1% 13,360 13,559 + 1.5%
Pct. of Orig. List Price Received 97.4% 98.2% + 0.8% 98.1% 98.4%
New Listings - 3.1%877 842 - 4.0% 17,563 17,027
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Condominium Market Overview
Historical Sparkbars 11-2015 11-2016
Percent
Change YTD 2015 YTD 2016
Percent
Change
Current as of December 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 722 790 + 9.4% 10,382 10,791
New Listings 760 740 - 2.6% 12,963 12,982
100.4% + 0.2%
46- 28.6% 49
+ 0.1%
Pct. of Orig. List Price Received 99.3% 99.7% + 0.4% 100.2%
- 6.1%
- 27.4% -- --
Months Supply of Inventory 2.1 1.4 - 33.3% --
--
-- --
+ 10.2% $450,000 $490,000 + 8.9%
89 - 5.3% 94 90 - 4.3%
+ 7.2%
Key Metrics
10,228 + 5.1%9,729
Key market metrics for the current month and year-to-date figures for Condominium Properties Only.
Closed Sales 775 831
Median Sales Price $450,455 $496,500
Inventory of Homes for Sale 1,815 1,318
Days on Market Until Sale 56 40
Housing Affordability Index 94
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Closed Sales
Closed Sales Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
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 1,604 -15.7% 1,159 -15.8%
Aug-2016 1,716 +0.4% 1,215 -2.9%
Sep-2016 1,155 -5.2% 1,005 +6.7%
Oct-2016 960 -14.3% 824 -0.8%
Nov-2016 1,176 +16.8% 831 +7.2%
12-Month Avg 1,182 +3.5% 928 +5.4%
Historical Closed Sales by Month
Current as of December 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.
938
664
1,007
775
1,176
831
Single-Family Condominium
November
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
11,825
9,788
12,581
9,729
12,936
10,228
Single-Family Condominium
Year to Date
2014 2015 2016
+ 7.2%+ 16.7%+ 16.8%+ 7.4% - 0.6%+ 2.8%+ 6.4% + 5.1%
2014 2015 2016 2014 2015 2016 2014 2015 2016
- 4.3% - 6.6% - 4.4%- 13.3%
Median Sales Price
Median Sales Price Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
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% $499,900 +9.6%
Sep-2016 $508,000 +3.3% $510,000 +19.9%
Oct-2016 $525,000 +10.5% $480,000 +5.5%
Nov-2016 $524,500 +1.5% $496,500 +10.2%
12-Month Avg* $527,729 +3.9% $480,323 +7.8%
Historical Median Sales Price by Month
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
* Median Sales Price for all properties from December 2015 through November 2016. This is not
the average of the individual figures above.
Current as of December 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
$486,000
$420,000
$517,000
$450,455
$524,500
$496,500
Single-Family Condominium
November
$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
$414,750
$518,000
$450,000
$540,000
$490,000
Single-Family Condominium
Year to Date
2014 2015 2016
+ 10.2%+ 7.3%+ 1.5%+ 6.4% + 8.5%+ 4.2%+ 4.6% + 8.9%
2014 2015 2016 2014 2015 2016 2014 2015 2016
+ 9.1% + 7.6% + 6.3%+ 6.3%
Housing Affordability Index
Affordability Index Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
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%
Nov-2016 85 +3.7% 89 -5.3%
12-Month Avg 83 -2.3% 91 -5.1%
Historical Housing Affordability Index by Month
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.
Current as of December 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
84
97
82
94
85
89
Single-Family Condominium
November
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
82
94
82
90
Single-Family Condominium
Year to Date
2014 2015 2016
- 5.3%- 3.1%+ 3.7%- 2.4% - 4.1%0.0%0.0% - 4.3%
2014 2015 2016 2014 2015 2016 2014 2015 2016
- 9.7% - 8.9% - 7.5%- 6.7%
Inventory of Homes for Sale
Homes for Sale Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Dec-2015 2,390 -0.3% 1,387 +11.1%
Jan-2016 2,329 +2.9% 1,384 +8.7%
Feb-2016 2,352 +14.5% 1,378 +13.0%
Mar-2016 2,860 +26.9% 1,639 +19.8%
Apr-2016 3,192 +6.7% 1,674 -2.7%
May-2016 3,228 -8.8% 1,664 -14.1%
Jun-2016 3,357 -9.3% 1,692 -12.5%
Jul-2016 3,179 -14.4% 1,695 -10.5%
Aug-2016 2,867 -20.3% 1,527 -15.7%
Sep-2016 3,208 -18.0% 1,837 -12.9%
Oct-2016 2,886 -23.3% 1,697 -17.2%
Nov-2016 2,190 -30.4% 1,318 -27.4%
12-Month Avg 2,837 -8.8% 1,574 -7.3%
Historical Inventory of Homes for Sale by Month
The number of properties available for sale in active status at the end of a given month.
Current as of December 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
3,056
1,613
3,145
1,815
2,190
1,318
Single-Family Condominium
November
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
- 27.4%+ 12.5%- 30.4%+ 2.9%
2014 2015 2016
+ 4.9% - 10.6%
Months Supply of Inventory
Months Supply Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
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% 1.7 -19.0%
Sep-2016 2.7 -22.9% 2.0 -16.7%
Oct-2016 2.5 -24.2% 1.8 -25.0%
Nov-2016 1.9 -32.1% 1.4 -33.3%
12-Month Avg* 2.4 -15.1% 1.7 -12.5%
Historical Months Supply of Inventory by Month
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.
* Months Supply for all properties from December 2015 through November 2016. This is not the
average of the individual figures above.
Current as of December 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
2.8
1.8
2.8
2.1
1.9
1.4
Single-Family Condominium
November
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
- 33.3%+ 16.7%- 32.1%0.0%
2014 2015 2016
+ 7.7% - 10.0%
Days on Market Until Sale
Days on Market Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
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%
Nov-2016 51 -16.4% 40 -28.6%
12-Month Avg* 63 -4.2% 48 -7.4%
Historical Days on Market Until Sale by Month
Average number of days between when a property is listed and when an offer is accepted in a given month.
* Days on Market for all properties from December 2015 through November 2016. This is not the
average of the individual figures above.
Current as of December 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
66
53
61
56
51
40
Single-Family Condominium
November
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
59
46
Single-Family Condominium
Year to Date
2014 2015 2016
- 28.6%+ 5.7%- 16.4%- 7.6% - 7.5%- 4.8%+ 5.1% - 6.1%
2014 2015 2016 2014 2015 2016 2014 2015 2016
+ 11.9% - 3.3% + 1.9%+ 6.0%
Percent of Original List Price Received
Pct. of Orig. List
Price Received Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
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%
Nov-2016 98.2% +0.8% 99.7% +0.4%
12-Month Avg* 97.9% +0.4% 100.0% +0.3%
Historical Percent of Original List Price Received by Month
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.
* Pct. of Orig. List Price Received for all properties from December 2015 through November 2016.
This is not the average of the individual figures above.
Current as of December 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
96.6% 98.1%97.4% 99.3%98.2% 99.7%
Single-Family Condominium
November
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
97.8% 99.4%98.1% 100.2%98.4% 100.4%
Single-Family Condominium
Year to Date
2014 2015 2016
+ 0.4%+ 1.2%+ 0.8%+ 0.8% + 0.8%+ 0.3%+ 0.3% + 0.2%
2014 2015 2016 2014 2015 2016 2014 2015 2016
+ 0.2% + 0.7% + 0.6%- 0.7%
Pending Sales
Pending Sales Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
Dec-2015 659 +11.9% 519 +12.1%
Jan-2016 683 -3.1% 648 +18.2%
Feb-2016 884 +39.9% 823 +45.1%
Mar-2016 1,431 +29.5% 1,129 +13.4%
Apr-2016 1,587 +2.7% 1,301 +2.1%
May-2016 1,769 +0.5% 1,298 +0.1%
Jun-2016 1,611 -9.8% 1,194 -13.9%
Jul-2016 1,142 -10.9% 873 -9.4%
Aug-2016 1,117 -0.4% 882 +8.4%
Sep-2016 1,171 -3.5% 915 +6.4%
Oct-2016 1,166 -7.3% 938 -1.7%
Nov-2016 998 +5.1% 790 +9.4%
12-Month Avg 1,185 +1.9% 943 +4.3%
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 December 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
895
655
950
722
998
790
Single-Family Condominium
November
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
12,446
10,095
13,360
10,382
13,559
10,791
Single-Family Condominium
Year to Date
2014 2015 2016
+ 9.4%+ 10.2%+ 5.1%+ 6.1% + 2.8%+ 1.5%+ 7.3% + 3.9%
2014 2015 2016 2014 2015 2016 2014 2015 2016
+ 5.8% - 5.7% - 6.0%- 4.9%
New Listings
New Listings Single-Family
Year-Over-Year
Change Condominium
Year-Over-Year
Change
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 2,123 -14.1% 1,471 -15.1%
May-2016 2,071 -18.2% 1,438 -13.5%
Jun-2016 2,116 -6.8% 1,439 -8.2%
Jul-2016 1,318 -19.1% 1,108 -0.8%
Aug-2016 1,203 -9.6% 954 +1.9%
Sep-2016 1,885 -3.5% 1,479 +2.7%
Oct-2016 1,272 -16.6% 1,065 -7.6%
Nov-2016 842 -4.0% 740 -2.6%
12-Month Avg 1,465 -2.7% 1,120 +0.6%
Historical New Listings by Month
A count of the properties that have been newly listed on the market in a given month.
Current as of December 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
743
603
877
760
842
740
Single-Family Condominium
November
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
16,873
12,378
17,563
12,963
17,027
12,982
Single-Family Condominium
Year to Date
2014 2015 2016
- 2.6%+ 26.0%- 4.0%+ 18.0% + 4.7%- 3.1%+ 4.1% + 0.1%
2014 2015 2016 2014 2015 2016 2014 2015 2016
- 8.9% - 0.3% - 6.0%- 3.1%
City of Boston - Market Overview
Historical Sparkbars 11-2015 11-2016
Percent
Change YTD 2015 YTD 2016
Percent
Change
Current as of December 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
- 0.1%
6,522 - 0.7%
5,205
New Listings 392 419 + 6.9% 6,571
Pending Sales 381 411 + 7.9% 5,208
- 2.1%
Pct. of Orig. List Price Received 99.9% 99.2% - 0.7% 99.8% 99.8% 0.0%
Days on Market Until Sale 51 41 - 19.6% 47 46
-- --
Inventory of Homes for Sale 938 755 - 19.5% --
Months Supply of Inventory 2.1 1.7 - 19.0% --
86 - 5.5%
----
Housing Affordability Index 84 90 + 7.1% 91
4,898 + 0.8%
Median Sales Price $555,000 $540,000 - 2.7% $516,000 $564,250 + 9.4%
4,859
Key market metrics for the current month and year-to-date figures for the City of Boston.
Closed Sales 403 395 - 2.0%
Key Metrics
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
Nov 2014 May 2015 Nov 2015 May 2016 Nov 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
Current as of December 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
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

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GBAR Monthly Housing Market Data November 2016

  • 1. November 2016 Quick Facts 2 3 4 5 6 7 8 9 10 11 12 13 14 Monthly Indicators The story has remained consistent as concerns residential real estate. In year-over- year comparisons, the number of homes for sale has been fewer in most communities. Meanwhile, homes are selling in fewer days and for higher prices. This hasn't always been the case, but it has occurred with enough regularity and for enough time to make it a trend for the entirety of 2016. Closed Sales increased 16.8 percent for Single-Family homes and 7.2 percent for Condominium homes. Pending Sales increased 5.1 percent for Single-Family homes and 9.4 percent for Condominium homes. Inventory decreased 30.4 percent for Single-Family homes and 27.4 percent for Condominium homes. The Median Sales Price was up 1.5 percent to $524,500 for Single-Family homes and 10.2 percent to $496,500 for Condominium homes. Days on Market decreased 16.4 percent for Single-Family homes and 28.6 percent for Condominium homes. Months Supply of Inventory decreased 32.1 percent for Single-Family homes and 33.3 percent for Condominium homes. Financial markets were volatile in the days surrounding the presidential election, but they self-corrected and reached new heights soon after. Long-term indicators of what it will be like to have a real estate developer for a president remain fuzzy, but the outcome is not likely to be dull. Prior to the election, trend shift was hard to come by, and unemployment rates have not budged since August 2015. Post- election, mortgage rates are up and so are opinions that a trend shift is likely in the near future. Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of December 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 + 12.6% + 16.8% + 7.2% 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 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
  • 2. Single-Family Home Market Overview Historical Sparkbars 11-2015 11-2016 Percent Change YTD 2015 YTD 2016 Percent Change Key market metrics for the current month and year-to-date figures for Single-Family Homes Only. Closed Sales 1,007 1,176 + 16.8% Key Metrics 12,936 + 2.8% Median Sales Price $517,000 $524,500 + 1.5% $518,000 $540,000 + 4.2% 12,581 0.0% Inventory of Homes for Sale 3,145 2,190 - 30.4% -- -- -- Housing Affordability Index 82 85 + 3.7% 82 82 -- Days on Market Until Sale 61 51 - 16.4% 62 59 - 4.8% Months Supply of Inventory 2.8 1.9 - 32.1% -- -- Current as of December 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 950 998 + 5.1% 13,360 13,559 + 1.5% Pct. of Orig. List Price Received 97.4% 98.2% + 0.8% 98.1% 98.4% New Listings - 3.1%877 842 - 4.0% 17,563 17,027 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
  • 3. Condominium Market Overview Historical Sparkbars 11-2015 11-2016 Percent Change YTD 2015 YTD 2016 Percent Change Current as of December 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 722 790 + 9.4% 10,382 10,791 New Listings 760 740 - 2.6% 12,963 12,982 100.4% + 0.2% 46- 28.6% 49 + 0.1% Pct. of Orig. List Price Received 99.3% 99.7% + 0.4% 100.2% - 6.1% - 27.4% -- -- Months Supply of Inventory 2.1 1.4 - 33.3% -- -- -- -- + 10.2% $450,000 $490,000 + 8.9% 89 - 5.3% 94 90 - 4.3% + 7.2% Key Metrics 10,228 + 5.1%9,729 Key market metrics for the current month and year-to-date figures for Condominium Properties Only. Closed Sales 775 831 Median Sales Price $450,455 $496,500 Inventory of Homes for Sale 1,815 1,318 Days on Market Until Sale 56 40 Housing Affordability Index 94 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016
  • 4. Closed Sales Closed Sales Single-Family Year-Over-Year Change Condominium Year-Over-Year Change 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 1,604 -15.7% 1,159 -15.8% Aug-2016 1,716 +0.4% 1,215 -2.9% Sep-2016 1,155 -5.2% 1,005 +6.7% Oct-2016 960 -14.3% 824 -0.8% Nov-2016 1,176 +16.8% 831 +7.2% 12-Month Avg 1,182 +3.5% 928 +5.4% Historical Closed Sales by Month Current as of December 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. 938 664 1,007 775 1,176 831 Single-Family Condominium November 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 11,825 9,788 12,581 9,729 12,936 10,228 Single-Family Condominium Year to Date 2014 2015 2016 + 7.2%+ 16.7%+ 16.8%+ 7.4% - 0.6%+ 2.8%+ 6.4% + 5.1% 2014 2015 2016 2014 2015 2016 2014 2015 2016 - 4.3% - 6.6% - 4.4%- 13.3%
  • 5. Median Sales Price Median Sales Price Single-Family Year-Over-Year Change Condominium Year-Over-Year Change 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% $499,900 +9.6% Sep-2016 $508,000 +3.3% $510,000 +19.9% Oct-2016 $525,000 +10.5% $480,000 +5.5% Nov-2016 $524,500 +1.5% $496,500 +10.2% 12-Month Avg* $527,729 +3.9% $480,323 +7.8% Historical Median Sales Price by Month Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month. * Median Sales Price for all properties from December 2015 through November 2016. This is not the average of the individual figures above. Current as of December 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 $486,000 $420,000 $517,000 $450,455 $524,500 $496,500 Single-Family Condominium November $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 $414,750 $518,000 $450,000 $540,000 $490,000 Single-Family Condominium Year to Date 2014 2015 2016 + 10.2%+ 7.3%+ 1.5%+ 6.4% + 8.5%+ 4.2%+ 4.6% + 8.9% 2014 2015 2016 2014 2015 2016 2014 2015 2016 + 9.1% + 7.6% + 6.3%+ 6.3%
  • 6. Housing Affordability Index Affordability Index Single-Family Year-Over-Year Change Condominium Year-Over-Year Change 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% Nov-2016 85 +3.7% 89 -5.3% 12-Month Avg 83 -2.3% 91 -5.1% Historical Housing Affordability Index by Month 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. Current as of December 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 84 97 82 94 85 89 Single-Family Condominium November 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 82 94 82 90 Single-Family Condominium Year to Date 2014 2015 2016 - 5.3%- 3.1%+ 3.7%- 2.4% - 4.1%0.0%0.0% - 4.3% 2014 2015 2016 2014 2015 2016 2014 2015 2016 - 9.7% - 8.9% - 7.5%- 6.7%
  • 7. Inventory of Homes for Sale Homes for Sale Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Dec-2015 2,390 -0.3% 1,387 +11.1% Jan-2016 2,329 +2.9% 1,384 +8.7% Feb-2016 2,352 +14.5% 1,378 +13.0% Mar-2016 2,860 +26.9% 1,639 +19.8% Apr-2016 3,192 +6.7% 1,674 -2.7% May-2016 3,228 -8.8% 1,664 -14.1% Jun-2016 3,357 -9.3% 1,692 -12.5% Jul-2016 3,179 -14.4% 1,695 -10.5% Aug-2016 2,867 -20.3% 1,527 -15.7% Sep-2016 3,208 -18.0% 1,837 -12.9% Oct-2016 2,886 -23.3% 1,697 -17.2% Nov-2016 2,190 -30.4% 1,318 -27.4% 12-Month Avg 2,837 -8.8% 1,574 -7.3% Historical Inventory of Homes for Sale by Month The number of properties available for sale in active status at the end of a given month. Current as of December 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 3,056 1,613 3,145 1,815 2,190 1,318 Single-Family Condominium November 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 - 27.4%+ 12.5%- 30.4%+ 2.9% 2014 2015 2016 + 4.9% - 10.6%
  • 8. Months Supply of Inventory Months Supply Single-Family Year-Over-Year Change Condominium Year-Over-Year Change 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% 1.7 -19.0% Sep-2016 2.7 -22.9% 2.0 -16.7% Oct-2016 2.5 -24.2% 1.8 -25.0% Nov-2016 1.9 -32.1% 1.4 -33.3% 12-Month Avg* 2.4 -15.1% 1.7 -12.5% Historical Months Supply of Inventory by Month 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. * Months Supply for all properties from December 2015 through November 2016. This is not the average of the individual figures above. Current as of December 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 2.8 1.8 2.8 2.1 1.9 1.4 Single-Family Condominium November 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 - 33.3%+ 16.7%- 32.1%0.0% 2014 2015 2016 + 7.7% - 10.0%
  • 9. Days on Market Until Sale Days on Market Single-Family Year-Over-Year Change Condominium Year-Over-Year Change 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% Nov-2016 51 -16.4% 40 -28.6% 12-Month Avg* 63 -4.2% 48 -7.4% Historical Days on Market Until Sale by Month Average number of days between when a property is listed and when an offer is accepted in a given month. * Days on Market for all properties from December 2015 through November 2016. This is not the average of the individual figures above. Current as of December 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 66 53 61 56 51 40 Single-Family Condominium November 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 59 46 Single-Family Condominium Year to Date 2014 2015 2016 - 28.6%+ 5.7%- 16.4%- 7.6% - 7.5%- 4.8%+ 5.1% - 6.1% 2014 2015 2016 2014 2015 2016 2014 2015 2016 + 11.9% - 3.3% + 1.9%+ 6.0%
  • 10. Percent of Original List Price Received Pct. of Orig. List Price Received Single-Family Year-Over-Year Change Condominium Year-Over-Year Change 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% Nov-2016 98.2% +0.8% 99.7% +0.4% 12-Month Avg* 97.9% +0.4% 100.0% +0.3% Historical Percent of Original List Price Received by Month 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. * Pct. of Orig. List Price Received for all properties from December 2015 through November 2016. This is not the average of the individual figures above. Current as of December 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 96.6% 98.1%97.4% 99.3%98.2% 99.7% Single-Family Condominium November 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 97.8% 99.4%98.1% 100.2%98.4% 100.4% Single-Family Condominium Year to Date 2014 2015 2016 + 0.4%+ 1.2%+ 0.8%+ 0.8% + 0.8%+ 0.3%+ 0.3% + 0.2% 2014 2015 2016 2014 2015 2016 2014 2015 2016 + 0.2% + 0.7% + 0.6%- 0.7%
  • 11. Pending Sales Pending Sales Single-Family Year-Over-Year Change Condominium Year-Over-Year Change Dec-2015 659 +11.9% 519 +12.1% Jan-2016 683 -3.1% 648 +18.2% Feb-2016 884 +39.9% 823 +45.1% Mar-2016 1,431 +29.5% 1,129 +13.4% Apr-2016 1,587 +2.7% 1,301 +2.1% May-2016 1,769 +0.5% 1,298 +0.1% Jun-2016 1,611 -9.8% 1,194 -13.9% Jul-2016 1,142 -10.9% 873 -9.4% Aug-2016 1,117 -0.4% 882 +8.4% Sep-2016 1,171 -3.5% 915 +6.4% Oct-2016 1,166 -7.3% 938 -1.7% Nov-2016 998 +5.1% 790 +9.4% 12-Month Avg 1,185 +1.9% 943 +4.3% 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 December 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. | 11 895 655 950 722 998 790 Single-Family Condominium November 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 12,446 10,095 13,360 10,382 13,559 10,791 Single-Family Condominium Year to Date 2014 2015 2016 + 9.4%+ 10.2%+ 5.1%+ 6.1% + 2.8%+ 1.5%+ 7.3% + 3.9% 2014 2015 2016 2014 2015 2016 2014 2015 2016 + 5.8% - 5.7% - 6.0%- 4.9%
  • 12. New Listings New Listings Single-Family Year-Over-Year Change Condominium Year-Over-Year Change 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 2,123 -14.1% 1,471 -15.1% May-2016 2,071 -18.2% 1,438 -13.5% Jun-2016 2,116 -6.8% 1,439 -8.2% Jul-2016 1,318 -19.1% 1,108 -0.8% Aug-2016 1,203 -9.6% 954 +1.9% Sep-2016 1,885 -3.5% 1,479 +2.7% Oct-2016 1,272 -16.6% 1,065 -7.6% Nov-2016 842 -4.0% 740 -2.6% 12-Month Avg 1,465 -2.7% 1,120 +0.6% Historical New Listings by Month A count of the properties that have been newly listed on the market in a given month. Current as of December 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. | 12 743 603 877 760 842 740 Single-Family Condominium November 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 16,873 12,378 17,563 12,963 17,027 12,982 Single-Family Condominium Year to Date 2014 2015 2016 - 2.6%+ 26.0%- 4.0%+ 18.0% + 4.7%- 3.1%+ 4.1% + 0.1% 2014 2015 2016 2014 2015 2016 2014 2015 2016 - 8.9% - 0.3% - 6.0%- 3.1%
  • 13. City of Boston - Market Overview Historical Sparkbars 11-2015 11-2016 Percent Change YTD 2015 YTD 2016 Percent Change Current as of December 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 - 0.1% 6,522 - 0.7% 5,205 New Listings 392 419 + 6.9% 6,571 Pending Sales 381 411 + 7.9% 5,208 - 2.1% Pct. of Orig. List Price Received 99.9% 99.2% - 0.7% 99.8% 99.8% 0.0% Days on Market Until Sale 51 41 - 19.6% 47 46 -- -- Inventory of Homes for Sale 938 755 - 19.5% -- Months Supply of Inventory 2.1 1.7 - 19.0% -- 86 - 5.5% ---- Housing Affordability Index 84 90 + 7.1% 91 4,898 + 0.8% Median Sales Price $555,000 $540,000 - 2.7% $516,000 $564,250 + 9.4% 4,859 Key market metrics for the current month and year-to-date figures for the City of Boston. Closed Sales 403 395 - 2.0% Key Metrics Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 2016 Nov 2014 May 2015 Nov 2015 May 2016 Nov 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 Current as of December 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 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