Market Updates

Milton, MA Single Family Market Update 12/03/2019

It’s December 3, 2019 and we’re looking at the current Single Family Home market in Milton. The number of active listings right now in Milton is down 13 from this same time last year and sits at 41 total Single Family Home listings currently for sale.  Among active listings in Milton, the average current days on market is 99. Last year the average time on market for actively listed Single Family Homes was 75, down 24 days from where it currently sits. Among active listings, the average list price is $1,627,502. This is an increase of $271,514 from last year at this time, a 20.02% change.

Over the past 90 days, there have been 65 total recorded Single Family Home sales in Milton. During the same period last year, there were 58 similar sales. That's an increase of 7 from this time a year ago. The average sale price for these transactions was $910,749 that is an increase of $126,271 from last year and was, on average, 98.4% of list price. Among the sold transactions the average time spent on the market was 53 days. This is an increase of 6 days from last year.

The Signal Index
Today we're checking in on the Signal Index to see how the Milton market is currently fairing. Right now the Milton Single Family Home market's Signal Index sits at 140. This number is up 37 from last year. This means that the market getting better for buyers. The Signal Index is merely the number of Active Listings (41) added to the average days on market for these listings (99). This should reflect the general direction of a market by showing not only the current inventory but also the length of time they have been listed for sale.

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South Boston Condo Market Update 11/21/2019

Welcome to today's market update! Today we are looking at the Condo market in South Boston as of November 21, 2019. Currently, there are 131 listings active in South Boston. This is down 8 from this time last year. Among active listings in South Boston the average current days on market is 95. Last year the average time on market for actively listed Condos was 60, down 35 days from where it currently sits. The average list price currently sits at $1,017,607, which represents an increase of $45,983 from this time last year. That equates to a 4.73% change.

Looking at closed transactions there were 129 total Condo sales in the past 90 Days in South Boston. The average sale price for these transactions was $798,550 that is a decrease of $9,177 from last year and was, on average, 98.3% of list price. The average days on market was 54, an increase of 12 days from last year.

The Signal Index
Every post here we look The Signal Index to see if the South Boston Condo market is slowing down or picking up. Currently, the South Boston Condo market's Signal Index sits at 226. This is up 43 from last year indicating the market is relatively equal to last year. What is the Signal Index? It is simply the number of active listings currently available in South Boston (131) plus the average days on market for those listings (95). This number quickly reflects how many properties are for sale and for how long they have been available.

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Braintree, MA Real Estate Market Update 11/20/2019

Welcome to today's market update! Today we are looking at the Real Estate market in Braintree as of November 20, 2019. The number of active listings right now in Braintree are up 11 from from this same time last year and sit at 61 total Real Estate listings.The average days on market for the current inventory in Braintree is 62, down 5 days from this time last year. The average list price currently sits at $521,035, which represents a decrease of $30,005 from this time last year.

Over the past 30 Days there have been 34 total recorded Real Estate sales in Braintree. During the same period last year there were 41 similar sales. That's a a decrease of 7 from in a year. The average sale price for these transactions was $473,449 that is a decrease of $14,290 from last year and was, on average, 99.8% of list price. The average days on market was 45, a decrease of 6 days from last year.

The Signal Index
Every blog post here we look at The Signal Index to see if the Braintree Real Estate market is slowing down or picking up. Currently, the Braintree Real Estate market's Signal Index sits at 123. This is down 6 from last year indicating the market is getting better for sellers. What is the Signal Index? It is simply the number of active listings currently available in Braintree (61) plus the average days on market for those listings (62). This number quickly reflects how many properties are for sale and for how long they have been available.

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