Greater Boston Association of Realtors just released their January ’22 residential real estate market reports summarizing sales results for single-family homes and condominiums by price, units sold, active listings, months of supply and more. Bottom line is that inventory in January remains tighter than ever with less than one month (0.8) of inventory available, a 27% decline vs. last January. Prices are also at a high for January, up 7.4% over last year.
The comprehensive report provides segmented data across the five Greater Boston regions from Eastern and Central Middlesex to Southern Norfolk, Metro West, and Metro Boston that is made up of 64 towns within the 495 beltway.
Overall, more than 1,500 properties traded in January 2022, comprised of 749 single-family homes, 712 condos, and 144 multi-family homes, which ranks as the second most active January on record for condo sales and tenth most active for single-family homes. While sales volume was down compared to last January’s record-setting 883 homes, 769 condos, and 183 multi-families, median prices this January eclipsed last year at $725k for single families and $595k for condos.
Below is a snapshot and video overview of the 17-page report. Please inquire for the full report or additional info specific to your region, town, or neighborhood. We can gladly supply data and insights to inform you of relevant activity for buying or selling properties in your market of the Greater Boston region.