November Market Update: Boston

brown concrete building with patio light during daytime

Key takeaways for the month

The Boston market continues to stay on trend year-over-year, experiencing expected seasonality. 

  • Single family homes in the suburbs are gaining traction, reflected in higher median sale prices year over year.
  • The local market stayed fairly steady during the onset of the pandemic. With a new wave of Covid-19 cases, we’ll be watching in December to see how the market reacts. It may be relatively unaffected again, or the suburbs could see growth as buyers seek out more space for remote work.

Competition

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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