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Unlike the rest of the country, the overall downtown Boston market has weathered the market better than almost any other part of the country. Results from LINK (Boston’s own multiple listing service) are reported here.  LINK tracks Boston’s 12 downtown neighborhoods including: Back Bay, Beacon Hill, Charlestown, Fenway, Leather District, Midtown, North End, Seaport, South Boston, South End, Waterfront and West End. 

Overall sales price and number of sales were up citywide.  While days on market were down. Boston’s strong and diverse economy, coupled with the fact that we never had the overbuilding seen elsewhere has kept our market in balance. The biggest issue today is lack of inventory….some neighborhoods are at historic lows down 17 to 24%

Real estate is highly local.  And dynamics are different from neighborhood to neighborhood (and sometimes even within a neighborhood). For more specific info on your own neighborhood please email or call. 

Compared to 2009:

- Median selling price is up 5.38% to $470,000.  Median price per square foot is up 3.01% to $546.51

- Time on the market before going under agreement: Down from 105 days to 101 days.

- Available inventory down 17% compared to last year

- Units sold up 3.78% to 2583.

 For your numbers fans, the full report from LINK (Boston’s own multiple listing system) is available.  Please email me and I will get it to you.

If you (or a friend) are looking to buy or sell, please contact me. I welcome the opportunity to put my market expertise to work for you.