Real Estate Market Report Back Bay Boston, MA 02116 May 2014
Back Bay Boston, MA (02116) Real Estate is still in a seller's market. This will continue for remainder of 2014 due to lack of available housing and low interest rates. Like all the real estate market in Boston area suburbs. If you find the ideal home for you, be prepared to write an offer quickly or accept the possibility you will lose the home to another buyer.
Buyers and investors who have are serious about the Real Estate Market in Back Bay Boston, MA in May 2014 should now have enough facts to get them started on their real estate journey in this community.
Price Trends - Sold vs. Listed
Understanding the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay). By comparing these price trends, you will have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month. Some sales are not immediately available from public records. As they become available, the data are updated.
Market Inventory Trends
The number of active listings in Back Bay Boston (02116) dropped by 3.2% from the previous month. The median number of days active properties have been listed is 39. This is significantly shorter than the national average. The Median Listing Price for homes and condos in Back Bay Boston, MA in April of 2014 was $1,970,480. There are 70 Active listing.
The data provided in this report is from Market Insider (MI) published by Market Leader. MI consolidates data from multiple sources and includes current listings, recent sales and more. Whether you are a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.
Free Community and Demographic Reports for Back Bay Boston, MA
Gain valuable insight into the town of Back Bay Boston, MA by looking at household incomes, crime risk, education levels attained of residence, and weather. Use the map to locate points of interest like shopping, restaurants, and health care services. To get more information on Boston Public School system on our website for School Report.
Your Back Bay Boston, MA Real Estate Specialist
For complete details about all the available Real Estate in Back Bay Boston and surrounding towns in Metro Boston area follow the link to get the most current Back Bay Boston Real Estate information.
When you are ready to buy or sell Back Bay Boston real estate, let us put our experience and expertise to work for you. We stand ready to assist with all your Back Bay Boston residential needs and look forward to earning your trust and business.
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