Our monthly property analysis for the Boston area is up on the Torii website. We were very surprised to see that list and sale prices for the area were down 2% month-over-month. For comparison in 2017, March to April was an increase of 8% (see graph below the fold).
Median list price and sale price were down 2% from March to $524,900 and $540,000, respectively. March saw list and sale prices of $539,000 and $550,000. Median price per square foot was also down to $345 from $358 in March.
Median market time was down from 20 days in March to 19 days in April. There was a wide range with the shortest in Newton Center (02459) at 7 days to 67 days in Lynn (01901, 1 sale) and Nahant (01908) at 49 days.
The eleven most expensive zip codes by square foot were all in Boston. They ranged from $913/sf in 02109 to $1,305/sf in 02110. Salem (01970) and Randolph (02368) were the cheapest at $188 and $216, respectively.