Market Overview: Brookline, MA

Single Family Properties




June Headlines
Brookline
  • Median price in June was $1,500,000. This is down 16.7% from $1,800,000 in June of 2017.
  • 3-month months of supply is up by 20.1%.
  • Unit sales are up 17.4% to 27.
Nearby Areas You May Be Interested In
  • Unit sales in Concord are up by 65.0%.
  • Days on market in Winchester is up 75.0% to 56.
  • Year-to-Date median price in Weston in June was $1,596,500. This is up 17.8% from $1,355,000 in June of 2017.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending June, 2018% Chg From Jun, 2017
Median Sale Price $1,757,500 -2.9%
Months of Supply 4.3 20.1%
Price per Sq Ft for Sold $560 -6.2%
New Listings 87 10.1%
Changes Favoring Sellers
3 Months Ending June, 2018% Chg From Jun, 2017
Unit Sales 52 2.0%
Inventory 48 -5.9%
Market Time (Days) 34 -24.4%
Sales to List Price Ratio 100.7% 1.8%
Went To Contract 66 26.9%
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Sales
There were 27 unit sales in June. This is up 17.4% from 23 in June of 2017. This is the highest unit sales have been since 28 in August, 2016. Sales/list price ratio in June moved up to 103.1% from 100.7% in May.

Prices
Median price in June was $1,500,000. This is down 16.7% from $1,800,000 in June of 2017. 3-month median price of $1,757,500 in June was down modestly from $2,108,750 in May and down a little from $1,810,000 in June of 2017. Price per square foot in June was $582. This is up from $539 in May but down from $588 in June of 2017.

Inventory
Inventory of 48 in June was down 7.7% from 52 in May and down 9.4% from 53 in June of 2017. New listings of 26 in June were down somewhat from 36 in May but up modestly from 24 in June of 2017. Months of supply of 4.3 in June was down a little from 4.8 in May but up slightly from 3.7 in June of 2017.

Market Time
Days on market of 29 in June was down moderately from 42 in May and down a little from 36 in June of 2017. This is the lowest days on market has been since July, 2017.


Change in Median Sale Price for Single Family Properties YTD From 2017 To 2018 for Towns in Norfolk County, MA Ranked by Best Performance
Towns% Change
Dover 19.97%
Medway 18.27%
Braintree 15.91%
Needham 15.76%
Walpole 13.54%
Franklin 11.74%
Quincy 10.33%
Norfolk 9.30%
Foxborough 9.24%
Medfield 9.18%
Data From: MLSPIN
Towns with an average of at least 5 sales per month (maximum of 10)
 








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