Ok, so I've strayed with some of my posts for a little bit, and wanted to come back home and take a look at the local condo market in Brookline, MA.
* numbers in parenthesis are same stats 1 year ago (10-02-05)
# of Condos For Sale- 295 (256)
# of Condos Under Agreement - 58
# of Condos Sold in last 1 month - 37 (39)
# of Condos Sold in last 2 months - 120 (113)
# of Condos Sold in last 3 months - 187 (203)
Months Supply - 7.972 (6.564)
Average list time for properties on the market - 122.36 (87) days
Average list price for properties on the market $633,870 ($752,291)
Median list price for condos on the market $474,900 ($549,000)
Average list time for condos sold in the last 3 months - 84.25 days
Average Original price for sold condos - $519,963
Average list price for Sold condos - $503,981
Average Sales price for sold condos - $493,329
Median Price for sold condos - $434,000
Ok, so not much new news right now. There's more on the market this year over last year. There's a higher average list time (which an increase in supply without an increase in demand would directly cause). And demand has dropped to 2/3rds of what it was during September. Which is also not a suprise as fall/winter around here is usually slower than the spring and summer.
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