The Massachusetts Association of Realtors (MAR) recently release the 2007 2nd Quarter housing numbers for the state. It is interesting to see that condo sales in the Greater Boston area are increasing / appreciating on all levels (number sold, average price, median price).
Per the MAR Report, here is a look at 2nd Quarter 2006 numbers versus 2007 (2006 / 2007)
- Average Sales Price: $405,619 / $443,654
- Median Sales Price: $345,000 / $359,900
- Number of Condos Sold: 2,981 / 3,247
Stock market highs and lows, mortgage industry issues, and everything else that is on people’s minds lately don’t seem to impact a steady (and respectable) 4% increase in median selling price, and a 9% increase in average sales price in Boston.
Median prices did fall on Cape Cod, and in the Northeast, Southeast, South Shore, and the West, but Statewide, median selling prices were up 2.7%. Many reports that have come out lately are discussing Massachusetts housing statistics, rather than the city of Boston itself, note the difference when looking at statistics.
Keith Munsell 
