The North End & Waterfront Real Estate market currently has 176 homes for sale for an average price of $932,942 with an average market time of 138 days. This is good news because it is a decrease from last years 190 condos on the market.
During the month of May we had 14 homes sell for an average sales price of $753,439 which was 96.07% of the sellers asking price. This is also good news when comparing it to last years 10 condos that sold.
The increase in inventory and increase in the number of sales will help clear out some inventory and bring the North End / Waterfront Real Estate Market to a more healthy balance. Currently we have 12.42 months of inventory on the market compared to last years 14.25 months of inventory. For a healthy market balance we want to see the inventory level to come down to the 6 month range.
If you are thinking about buying or selling a home in North End, then give Jeffrey Chubb of RE/MAX Select a call at 617-480-2600 or visit him on the web at www.MoveWithChubb.com. His expertise is second to none as he is one of the top agents in the state and sells on average a home a week. You won’t be disappointed!
Wondering what your home is worth, then get a Certified Market Analysis dropped into your INBOX today by visiting www.MAPropertyValue.com.