Boston, MA Area Market Review 2021 vs. 2020 As of February 8, 2021 Prepared by Michelle Atkins on Monday, February 08, 2021
Single Family Listing Inventory on February 8
2020
2021
Var.
Var. %
Listing Units
83
100
17
20.48%
Average Days on Market
79
108
29
36.71%
Average List Price
$2,638,770.41
$2,515,170.88
-$123,599.53
-4.68%
Average List $ / SqFt
$721.05
$764.17
$43.12
5.98%
Approximate Absorption Rate
96.99%
75.42%
-21.57%
-22.24%
Approximate Months Supply of Inventory
1.03
1.33
0.30
29.13%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
87
76
-11
-12.64%
Average Original List Price
$1,488,258.85
$1,269,659.71
-$218,599.14
-14.69%
Average Original List $ / SqFt
$574.95
$502.48
-$72.47
-12.60%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
65
73
8
12.31%
Average List Price
$1,297,002.40
$885,675.89
-$411,326.51
-31.71%
Average List $ / SqFt
$498.87
$432.44
-$66.43
-13.32%
Average Days to Offer
46
44
-2
-4.35%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
11
3
-8
-72.73%
Average Original List Price
$769,172.55
$812,333.33
$43,160.78
5.61%
Average Original List $ / SqFt
$417.72
$519.53
$101.81
24.37%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
52
83
31
59.62%
Average Days on Market
50
49
-1
-2%
Average Days to Offer
38
34
-4
-10.53%
Average Sale Price
$1,042,775.21
$1,249,191.57
$206,416.36
19.79%
Average Sale $ / SqFt
$431.62
$511.30
$79.68
18.46%
Average List Price
$1,109,508.33
$1,322,465.71
$212,957.38
19.19%
Average List $ / SqFt
$443.82
$525.10
$81.28
18.31%
Average Original List Price
$1,152,973.71
$1,371,925.95
$218,952.24
18.99%
Average Original List $ / SqFt
$454.60
$536.49
$81.89
18.01%
Average Sale Price as % of List Price
98.35%
99.21%
0.86%
0.87%
Average Sale Price as % of Original List Price
96.66%
97.77%
1.11%
1.15%
Average Sale Price as % of Assessed Price
135.98%
N/A
N/A
N/A
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
1
0
-1
-100%
12-Month Activity as of February 8
2020
2021
Var.
Var. %
Units Listed
1220
1274
54
4.43%
Units Price Changed
317
303
-14
-4.42%
Units Went Pending
1034
1024
-10
-0.97%
Units Sold
966
905
-61
-6.31%
Trend
Trend
Trend
Trend
Trend
Trend
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