february 2013's monthly indicators report - boston real estate market trends

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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE GREATER BOSTON ASSOCIATION OF REALTORS® February 2013 Quick Facts - 7.5% Year-Over-Year (YoY) Change in Closed Sales Single-Family Only The sun is shining brighter for longer, the birds are chirping a bit louder and people have a renewed spring in their step. And then there's the climate. Home buyers and sellers are readying themselves for an exciting spring market. Buyers are motivated by an attractive affordability environment, while more and more sellers are receiving near top dollar for their home. We've come a long way over the past 12 to 18 months but we're not there yet. Here's how February stacked up. + 10.7% Year-Over-Year (YoY) Change in Closed Sales Condominium Only + 0.7% Year-Over-Year (YoY) Change in Closed Sales All Properties 2 3 4 5 6 7 8 9 10 11 12 13 Inventory of Homes for Sale Click on desired metric to jump to that page. Months Supply of Inventory Days On Market Until Sale Percent of Original List Price Received City of Boston Overview Pending Sales New Listings Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of March 16, 2013. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. New Listings in the Greater Boston region were down 22.2 percent for detached homes and 15.5 percent for condominiums. Closed Sales decreased 7.5 percent for detached homes but increased 10.7 percent for condominiums. The Median Sales Price was up 8.8 percent to $429,900 for single-family properties but decreased 5.2 percent to $350,750 for condominiums. Months Supply of Inventory decreased 30.6 percent for single-family units and 46.9 percent for townhouse-condo units. A few consumers may feel less confident due to Washington's latest self- inflicted crisis. Others would advise not to read the news in the first place. The fact is, the economy continues to grow, but at a snail's pace. Sequestration is more of a nuisance than a real threat to recovery; and there's significant pent–up demand from renters, first-timers, parental basement dwellers and investors to counteract it. Single-Family Market Overview Condominium Market Overview Closed Sales Median Sales Price Housing Affordability Index

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Here's February 2013's Monthly Indicators report from the Greater Boston Association of Realtors®

TRANSCRIPT

Page 1: February 2013's Monthly Indicators report - Boston Real Estate Market Trends

Monthly Indicators A RESEARCH TOOL PROVIDED BY THE GREATER BOSTON ASSOCIATION OF REALTORS®

February 2013 Quick Facts

- 7.5%

Year-Over-Year(YoY) Change inClosed Sales

Single-Family Only

The sun is shining brighter for longer, the birds are chirping a bit louder and people have a renewed spring in their step. And then there's the climate. Home buyers and sellers are readying themselves for an exciting spring market. Buyers are motivated by an attractive affordability environment, while more and more sellers are receiving near top dollar for their home. We've come a long way over the past 12 to 18 months but we're not there yet. Here's how February stacked up.

+ 10.7%Year-Over-Year(YoY) Change inClosed Sales

Condominium Only

+ 0.7%Year-Over-Year(YoY) Change inClosed SalesAll Properties

23456789

10111213

Inventory of Homes for Sale

Click on desired metric to jump to that page.

Months Supply of Inventory

Days On Market Until Sale

Percent of Original List Price Received

City of Boston Overview

Pending Sales

New Listings

Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of March 16, 2013. All data from MLS PropertyInformation Network, Inc. Provided by Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing.

New Listings in the Greater Boston region were down 22.2 percent for detached homes and 15.5 percent for condominiums. Closed Sales decreased 7.5 percent for detached homes but increased 10.7 percent for condominiums.

The Median Sales Price was up 8.8 percent to $429,900 for single-family properties but decreased 5.2 percent to $350,750 for condominiums. Months Supply of Inventory decreased 30.6 percent for single-family units and 46.9 percent for townhouse-condo units.

A few consumers may feel less confident due to Washington's latest self-inflicted crisis. Others would advise not to read the news in the first place. The fact is, the economy continues to grow, but at a snail's pace. Sequestration is more of a nuisance than a real threat to recovery; and there's significant pent–up demand from renters, first-timers, parental basement dwellers and investors to counteract it.

Single-Family Market Overview

Condominium Market Overview

Closed Sales

Median Sales Price

Housing Affordability Index

Page 2: February 2013's Monthly Indicators report - Boston Real Estate Market Trends

Single-Family Market Overview Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.

Key Metrics Historical Sparklines Feb-2012 Feb-2013 + / – YTD 2012 YTD 2013 + / –

1,033 + 4.7%Closed Sales 464 429 - 7.5% 987

$430,000 + 7.0%

124 122

4,040 2,592

$429,900 + 8.8% $402,000

Housing Affordability Index

Inventory of Homes for Sale

$395,000Median Sales Price

- 35.8% -- --

- 2.0% 122 122 - 0.6%

--

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2

New Listings 1,319 1,026 - 22.2% 2,282 1,929 - 15.5%

134 109

-- -- --6.0 - 30.6%

132

Months Supply of Inventory 8.7

Pending Sales + 7.6%1,269639 683 + 6.9% 1,179

90.8% 93.9%

- 17.5%

+ 3.4%Percent of OriginalList Price Received

Days on Market Until Sale

91.2%

- 18.6%

+ 3.2%

109

94.1%

2 2010 2 2011 2 2012 2 2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

Page 3: February 2013's Monthly Indicators report - Boston Real Estate Market Trends

Condominium Market Overview Key market metrics for the current month and year-to-date figures for Condominium Properties Only.

Key Metrics Historical Sparklines Feb-2012 Feb-2013 + / – YTD 2012 YTD 2013 + / –

+ 6.1%

Inventory of Homes for Sale 3,257 1,915 - 41.2% -- -- --

Housing Affordability Index 132 146 + 11.0% 135 143

+ 17.6%

Median Sales Price $370,000 $350,750 - 5.2% $360,000 $360,000 0.0%

Closed Sales 384 425 + 10.7% 796 936

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

- 10.4%

All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3

New Listings 1,141 964 - 15.5% 2,095 1,878

+ 3.4%

Pending Sales 635 644 + 1.4% 1,118 1,263 + 13.0%

Percent of OriginalList Price Received

93.4% 96.8% + 3.6% 93.2% 96.3%

--

Days on Market Until Sale 123 93 - 24.6% 124 90 - 27.1%

Months Supply of Inventory 8.5 4.5 - 46.9% -- --

2 2010 2 2011 2 2012 2 2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

Page 4: February 2013's Monthly Indicators report - Boston Real Estate Market Trends

Closed Sales A count of the actual sales that have closed in a given month.

Single-FamilyYoY

ChangeCondominium

YoYChange

Mar-2012 648 + 16.5% 607 + 11.0%

Apr-2012 743 + 12.6% 758 + 20.1%

May-2012 1,005 + 20.5% 1,012 + 32.1%

Jun-2012 1,510 + 21.3% 1,264 + 20.3%

Jul-2012 1,279 + 25.3% 1,040 + 21.6%

Aug-2012 1,299 + 26.0% 1,204 + 25.3%

Sep-2012 766 - 1.2% 753 + 16.4%

Oct-2012 791 + 28.6% 711 + 38.9%

Nov-2012 907 + 32.6% 760 + 35.2%

Dec-2012 824 + 11.8% 767 + 19.3%

Jan-2013 604 + 15.5% 511 + 24.0%

Feb-2013 429 - 7.5% 425 + 10.7%

351 342

464

384

429 425

February

20132012 20132012

811742

987

796

1,033936

Year to Date

20132012 201320122011 2011 2011 2011

Total 10,805 + 18.2% 9,812 + 23.1%

All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 4

Single-Family Condominium

200

400

600

800

1,000

1,200

1,400

1,600

1,800

Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013

Historical Closed Sales Activity Single-Family Condominium

+10.7%+12.3%+32.2%

Single-Family Condominium+17.6%+7.3%+21.7%-7.5% +4.7%

Page 5: February 2013's Monthly Indicators report - Boston Real Estate Market Trends

Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.

Single-FamilyYoY

ChangeCondominium

YoYChange

Mar-2012 $414,838 - 1.5% $340,000 + 4.6%

Apr-2012 $418,500 - 2.9% $371,500 + 4.6%

May-2012 $465,000 + 1.4% $381,000 + 4.4%

Jun-2012 $503,250 - 0.3% $400,000 + 6.7%

Jul-2012 $510,000 + 2.0% $387,000 + 6.3%

Aug-2012 $490,000 - 1.8% $380,000 + 3.0%

Sep-2012 $430,475 - 4.3% $375,000 + 2.0%

Oct-2012 $430,000 + 10.3% $366,265 + 5.1%

Nov-2012 $447,500 + 5.8% $380,000 + 8.4%

Dec-2012 $470,000 + 6.8% $382,000 + 10.7%

Jan-2013 $430,000 + 6.2% $370,000 + 4.2%

Feb-2013 $429,900 + 8.8% $350,750 - 5.2%

$380,000

$348,500

$395,000$370,000

$429,900

$350,750

February

20132012 20132012

$409,130

$350,000

$402,000

$360,000

$430,000

$360,000

Year to Date

20132012 201320122011 2011 2011 2011

Median $461,000 + 2.4% $379,000 + 5.3%

All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5

Single-Family Condominium

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

$550,000

Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013

Historical Median Sales Price Single-Family Condominium

-5.2%+6.2%+3.9%

Single-Family Condominium0.0%+2.9%-1.7%+8.8% +7.0%

Page 6: February 2013's Monthly Indicators report - Boston Real Estate Market Trends

Housing Affordability Index

Single-FamilyYoY

ChangeCondominium

YoYChange

Mar-2012 117 + 15.8% 141 + 9.5%

Apr-2012 118 + 18.1% 132 + 10.2%

May-2012 109 + 13.2% 131 + 10.1%

Jun-2012 102 + 14.4% 126 + 7.4%

Jul-2012 102 + 13.9% 131 + 9.5%

Aug-2012 105 + 14.0% 133 + 9.0%

Sep-2012 121 + 17.2% 137 + 10.4%

Oct-2012 120 + 3.2% 139 + 7.8%

Nov-2012 117 + 6.8% 135 + 4.4%

Dec-2012 113 + 6.8% 136 + 3.3%

Jan-2013 125 + 3.7% 143 + 5.4%

Feb-2013 122 - 2.0% 146 + 11.0%

This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

111120124

132122

146

February

104

119122

135

122

143

Year to Date

20132012 20132012 20132012 201320122011 2011 2011 2011

Average 114 +10.4% 136 +8.2%

All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 6

Single-Family Condominium

60

70

80

90

100

110

120

130

140

150

160

Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013

Historical Housing Affordability Index Single-Family Condominium

+11.0%+10.0%+12.2%

Single-Family Condominium+6.1%+13.0%+17.9%-2.0% -0.6%

Page 7: February 2013's Monthly Indicators report - Boston Real Estate Market Trends

Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month.

Single-FamilyYoY

ChangeCondominium

YoYChange

Mar-2012 4,668 + 2.1% 3,691 - 21.1%

Apr-2012 5,018 - 4.4% 3,844 - 25.7%

May-2012 5,115 - 9.7% 3,657 - 29.8%

Jun-2012 4,797 - 15.2% 3,392 - 33.4%

Jul-2012 4,372 - 20.7% 3,128 - 33.5%

Aug-2012 4,026 - 23.9% 2,729 - 35.2%

Sep-2012 4,232 - 24.1% 2,850 - 34.0%

Oct-2012 3,947 - 26.1% 2,618 - 36.0%

Nov-2012 3,319 - 26.8% 2,218 - 38.2%

Dec-2012 2,480 - 31.3% 1,674 - 40.5%

Jan-2013 2,486 - 31.9% 1,754 - 41.0%

Feb-2013 2,592 - 35.8% 1,915 - 41.2%

3,785 3,9094,040

3,257

2,592

1,915

February

20132012 201320122011 2011

Average 3,921 - 19.8% 2,789 - 33.2%

All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 7

Single-Family Condominium

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013

Historical Inventory of Homes for Sale Single-Family Condominium

-41.2%-16.7%+6.7% -35.8%

Page 8: February 2013's Monthly Indicators report - Boston Real Estate Market Trends

Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

Single-FamilyYoY

ChangeCondominium

YoYChange

Mar-2012 7.2 - 12.4% 6.1 - 28.9%

Apr-2012 6.8 - 15.1% 5.1 - 38.1%

May-2012 5.1 - 25.1% 3.6 - 46.9%

Jun-2012 3.2 - 30.1% 2.7 - 44.6%

Jul-2012 3.4 - 36.7% 3.0 - 45.3%

Aug-2012 3.1 - 39.6% 2.3 - 48.3%

Sep-2012 5.5 - 23.2% 3.8 - 43.3%

Oct-2012 5.0 - 42.5% 3.7 - 53.9%

Nov-2012 3.7 - 44.8% 2.9 - 54.3%

Dec-2012 3.0 - 38.5% 2.2 - 50.1%

Jan-2013 4.1 - 41.0% 3.4 - 52.4%

Feb-2013 6.0 - 30.6% 4.5 - 46.9%

10.811.4

8.7 8.5

6.0

4.5

February

20132012 201320122011 2011

Average 4.7 - 29.3% 3.8 - 41.0%

All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 8

Single-Family Condominium

0

2

4

6

8

10

12

14

16

Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013

Historical Months Supply of Inventory Single-Family Condominium

-46.9%-25.8%-19.3% -30.6%

Page 9: February 2013's Monthly Indicators report - Boston Real Estate Market Trends

Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.

Single-FamilyYoY

ChangeCondominium

YoYChange

Mar-2012 130 - 3.1% 117 - 4.6%

Apr-2012 120 - 1.7% 98 - 16.8%

May-2012 96 - 5.9% 86 - 11.9%

Jun-2012 90 - 0.2% 75 - 20.4%

Jul-2012 80 - 3.9% 71 - 20.6%

Aug-2012 87 - 5.8% 76 - 18.2%

Sep-2012 89 - 12.0% 85 - 18.1%

Oct-2012 90 - 17.6% 84 - 11.4%

Nov-2012 89 - 18.0% 77 - 30.0%

Dec-2012 97 - 12.4% 84 - 30.1%

Jan-2013 109 - 16.5% 88 - 29.2%

Feb-2013 109 - 18.6% 93 - 24.6%

129137134

123

109

93

February

120134132

124

109

90

Year to Date

20132012 20132012 20132012 201320122011 2011 2011 2011

Total 96 - 9.3% 78 - 18.2%

All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 9

Single-Family Condominium

40

60

80

100

120

140

160

Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013

Historical Days on Market Until Sale Single-Family Condominium

-24.6%-9.8%+3.7%

Single-Family Condominium-27.1%-7.1%+9.7%-18.6% -17.5%

Page 10: February 2013's Monthly Indicators report - Boston Real Estate Market Trends

Percent of Original List Price Received

Single-FamilyYoY

ChangeCondominium

YoYChange

Mar-2012 93.0% + 0.7% 94.0% + 0.9%

Apr-2012 93.5% + 0.8% 95.7% + 2.0%

May-2012 95.4% + 1.1% 96.1% + 1.0%

Jun-2012 95.3% + 0.8% 96.4% + 1.8%

Jul-2012 95.8% + 1.6% 96.6% + 1.7%

Aug-2012 94.8% + 1.5% 96.3% + 2.2%

Sep-2012 94.6% + 1.5% 96.4% + 2.3%

Oct-2012 94.3% + 2.8% 95.9% + 2.5%

Nov-2012 94.6% + 2.3% 96.2% + 2.5%

Dec-2012 94.2% + 2.2% 96.2% + 3.4%

Jan-2013 93.8% + 3.6% 96.0% + 3.3%

Feb-2013 94.1% + 3.2% 96.8% + 3.6%

Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

90.9% 92.0%91.2% 93.4%94.1% 96.8%

February

90.9% 92.2%90.8% 93.2%93.9% 96.3%

Year to Date

20132012 20132012 20132012 201320122011 2011 2011 2011

Average 94.7% + 1.7% 96.1% + 2.2%

All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10

Single-Family Condominium

89%

90%

91%

92%

93%

94%

95%

96%

97%

98%

99%

Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013

Historical Percent of Original List Price Received Single-Family Condominium

+3.6%+1.5%+0.3%

Single-Family Condominium+3.4%+1.1%-0.1%+3.2% +3.4%

Page 11: February 2013's Monthly Indicators report - Boston Real Estate Market Trends

Pending Sales A count of the properties in UAG status between the first and last day in a given month, regardless of current status (based on Off Market Date).

Single-FamilyYoY

ChangeCondominium

YoYChange

Mar-2012 982 + 25.1% 1,009 + 32.2%

Apr-2012 1,142 + 21.7% 1,047 + 24.6%

May-2012 1,326 + 23.1% 1,266 + 28.9%

Jun-2012 1,255 + 13.3% 1,039 + 19.3%

Jul-2012 1,044 + 26.2% 831 + 9.1%

Aug-2012 895 + 17.0% 815 + 22.2%

Sep-2012 840 + 27.7% 717 + 38.4%

Oct-2012 869 + 17.8% 820 + 38.7%

Nov-2012 787 + 16.6% 664 + 18.1%

Dec-2012 596 + 5.9% 503 + 7.5%

Jan-2013 586 + 8.5% 619 + 28.2%

Feb-2013 683 + 6.9% 644 + 1.4%

523 511

639 635683

644

February

946 918

1,1791,118

1,269 1,263

Year to Date

20132012 20132012 20132012 201320122011 2011 2011 2011

Total 11,005 + 18.2% 9,974 + 22.5%

All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 11

Single-Family Condominium

200

400

600

800

1,000

1,200

1,400

Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013

Historical Pending Sales Activity Single-Family Condominium

+1.4%+24.3%+22.2%

Single-Family Condominium+13.0%+21.8%+24.6%+6.9% +7.6%

Page 12: February 2013's Monthly Indicators report - Boston Real Estate Market Trends

New Listings A count of the properties that have been newly listed on the market in a given month.

Single-FamilyYoY

ChangeCondominium

YoYChange

Mar-2012 2,008 + 3.3% 1,741 - 11.7%

Apr-2012 1,798 - 8.8% 1,499 - 13.0%

May-2012 1,783 - 4.6% 1,387 - 7.6%

Jun-2012 1,352 - 15.3% 1,152 - 14.2%

Jul-2012 1,022 - 12.5% 902 - 7.6%

Aug-2012 1,001 - 8.7% 790 - 7.5%

Sep-2012 1,419 - 10.2% 1,153 - 9.6%

Oct-2012 1,078 - 4.6% 881 - 2.1%

Nov-2012 650 - 3.1% 561 - 10.4%

Dec-2012 364 - 19.5% 317 - 18.3%

Jan-2013 903 - 6.2% 914 - 4.2%

Feb-2013 1,026 - 22.2% 964 - 15.5%

879

1,081

1,319

1,1411,026

964

February

1,716

2,055

2,2822,095

1,929 1,878

Year to Date

20132012 20132012 20132012 201320122011 2011 2011 2011

Total 14,404 - 8.6% 12,261 - 10.2%

All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 12

Single-Family Condominium

0

250

500

750

1,000

1,250

1,500

1,750

2,000

2,250

2,500

2,750

Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013

Historical New Listing Activity Single-Family Condominium

-15.5%+5.6%+50.1%

Single-Family Condominium-10.4%+1.9%+33.0%-22.2% -15.5%

Page 13: February 2013's Monthly Indicators report - Boston Real Estate Market Trends

City of Boston – Market Overview Key market metrics for the current month and year-to-date figures for the City of Boston.

Key Metrics Historical Sparklines Feb-2012 Feb-2013 + / – YTD 2012 YTD 2013 + / –

- 0.6%

Inventory of Homes for Sale 1,725 949 - 45.0% -- -- --

Housing Affordability Index 124 122 - 2.0% 122 122

+ 10.4%

Median Sales Price $399,000 $385,000 - 3.5% $386,500 $406,750 + 5.2%

Closed Sales 203 221 + 8.9% 444 490

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

- 13.4%

All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 13

New Listings 648 570 - 12.0% 1,217 1,054

+ 3.5%

Pending Sales 362 376 + 3.9% 629 681 + 8.3%

Percent of OriginalList Price Received

93.9% 96.9% + 3.2% 93.4% 96.6%

--

Days on Market Until Sale 120 80 - 33.4% 120 78 - 35.1%

Months Supply of Inventory 8.5 4.3 - 49.5% -- --

2 2010 2 2011 2 2012 2 2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013

2-2010 2-2011 2-2012 2-2013