Boston Real Estate Market Trends and Statistics
2013 Boston Real Estate Market
The real estate market in Boston has been showing improvements. With over a 1,000 active listings and an average duration of 70 days on the market compared to last year, the decrease with inventory can mean more money and faster sales for homeowners.
Percentage of Closing
When compared to 2012, the percentage of closing increased over 20% from last year. As properties increasingly go under agreement, buyers are forced to more strongly place their offer on the table to quickly minimize their risks of losing it. The median sale price of a two bedroom is on the rise with some areas selling for almost a million dollars.
Market Share by Real Estate Firm
The top real estate firms operating right now are outlined below.
1. Coldwell Banker (1369 sides)
2. Gibson Sotheby’s (653 sides)
3. Hammond Residential (589 sides)
4. Keller Williams Boston (578 sides)
5. Otis & Ahearn (390 sides)
Closing Numbers for March 2013
As of March 2013, there were 444 pending sales in Boston, 43 expired listings, and 159 listings price drops from the previous month. Properties in Boston in the last month sold for 99% of listing price.
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