December Market Update: Boston

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Key takeaways for the month

  • While the Boston metro area continued on trend with 2019, the suburbs picked up year-over-year traction. Single family homes in the suburbs saw a significant increase of 3% in sale-to-list price ratio year-over-year and remained at a 100% ratio, showing that sellers still have leverage in the market to set their price and get it. 
  • Though the suburban market remained active, median days on market for single family homes jumped from 21 in November to 52 in December, indicating a slowdown. This spike looks severe because the year’s delayed peak season pushed the slow season back and condensed it. The number is a less drastic 25% over December 2019. 
  • Condo buyers in the metro area purchased properties that have been listed for several months to take advantage of lower competition. The number of pending condos in the metro area jumped 34% month-over-month while median days on market increased 44% and the number of listings decreased by 36%, indicating that buyers were not jumping on new listings. 
  • Something to watch: we’ve seen single family home sale prices in Boston trending above 2019 for three months. Will this trend continue in 2021?

Competition snapshot

Our Research Team looked into sales in a select area for a snapshot of competitiveness in the local market.

Sale Price

Based on date the property sold.

List Price

Based on date the property was listed.

Sale Price Compared to List Price

Based on date the property sold.

Days on Market

Based on the number of days between the list date and the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Listed

Based on date the property was listed.

Number of Properties Pending Sale

Based on the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Sold

Based on date the property sold.


Metropolitan Boston data is for the city of Boston excluding 02119,02121,02124,02130,02126,02131,02136,02132; Cambridge; and Somerville.

Boston Suburbs data is for Malden, Medford, Quincy, Weymouth, Watertown, Brookline, Newton, Lexington, Winchester, Belmont, and Arlington.


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