In the last 20 days the Brookline market has seen the following:
New (not reactivated) property on Market:
9 Single Family Homes - average list price: $1,393,333
27 Condominiums - average list price: $651,174
1 Multi-family house
Property Under Agreement:
9 Single Family Homes (2 still taking back-up offers)
27 Condos (2 also still taking back-up offers)
1 Multi-family home
At the time of year when we should see supply start to flood the market we're almost at a 1:1 ratio on new property to property being removed from the marketplace. We can also look at some of the days on market for the property going under agreement and we see numbers like: 15 days & 25 days for Single Families and 7, 7, 10, 11, 12, 13, 18 & 26 days for the condominiums. The multi-family home was put under contract in 14 days. These numbers are amazing given what we've all heard and seen in the marketplace. If your life is dictating that you should sell right now, but you're worried about what's going on, these numbers are proof that you will be ok. If you're looking to buy right now and you're "waiting it out" these numbers are proof that the property in Brookline will be bought my somebody else if you don't step up to the plate.
*This post can originally be found on the Brookline Real Estate Blog
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