Boston Home Prices Stable in November
Briefly

Boston Home Prices Stable in November
"In November, home prices remained unchanged from the month before, with a median listing price of $899,900. The number of listings on the market shrank 9.5% from last month, which is typical for this time of the year in Boston, and homes are also selling at the same pace as the same time last year. Home prices in Boston Typically, home price per square foot in Boston tend to rise in November. But the most recent data shows that the price per square foot decreased by 1.0% compared with the month before."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in Beantown are smaller the national market. Boston inventory In November, there were 1,322 homes for sale in Boston, which was 9.5% less than the month before and 19.0% more than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266."
Median listing price in Boston remained unchanged in November at $899,900. The number of listings on the market fell 9.5% from the previous month, typical for this time of year, and homes are selling at the same pace as the same month last year. Price per square foot in Boston decreased 1.0% month-over-month, compared with a 1.2% national decrease. Boston had 1,322 homes for sale in November, down 9.5% month-over-month and up 19.0% year-over-year. Nationwide active inventory fell 2.5% to 1,072,266. Average time to sell in Boston was 58 days; the national average was 64 days.
Read at SFGATE
Unable to calculate read time
[
|
]