Market Overview: Brookline, MA

Condominium Properties




November Headlines
Brookline
  • Median price in November was $965,000. This is up 26.1% from $765,000 in November of 2016.
  • Months of supply is up by 15.4%.
  • Inventory is up 13.3% to 51.
Nearby Areas You May Be Interested In
  • Days on market in Cambridge in November was 30. This is up 36.4% from 22 in November of 2016.
  • Median price in Boston is up by 9.0%.
  • Days on market in Boston is down 2.4% to 40.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending November, 2017% Chg From Nov, 2016
Unit Sales 100 -6.5%
Inventory 71 14.5%
Months of Supply 1.7 16.6%
New Listings 140 6.9%
Changes Favoring Sellers
3 Months Ending November, 2017% Chg From Nov, 2016
Median Sale Price $810,000 1.9%
Market Time (Days) 31 -13.9%
Price per Sq Ft for Sold $650 5.4%
Sales to List Price Ratio 100.6% 0.7%
Went To Contract 125 15.7%
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Sales
There were 39 unit sales in November. This is up 5.4% from 37 in November of 2016. Sales/list price ratio in November moved down to 100.4% from 101.4% in October.

Prices
Median price in November was $965,000. This is up 26.1% from $765,000 in November of 2016. 3-month median price of $810,000 in November was up marginally from $785,000 in October and very slightly up from $795,000 in November of 2016. Price per square foot in November was $636. This is down from $659 in October and down from $655 in November of 2016.

Inventory
Inventory of 51 in November was down 34.6% from 78 in October but up 13.3% from 45 in November of 2016. New listings of 25 in November were down substantially from 48 in October and down slightly from 27 in November of 2016. Months of supply of 1.2 in November was down considerably from 1.9 in October but up modestly from 1.1 in November of 2016. This is the lowest months of supply has been since February, 2017.

Market Time
Days on market of 29 in November was down slightly from 33 in October and down considerably from 41 in November of 2016.


Change in Median Sale Price for Condominium Properties YTD From 2016 To 2017 for Towns in Norfolk County, MA Ranked by Best Performance
Towns% Change
Norwood 22.94%
Quincy 13.91%
Braintree 8.57%
Walpole 7.94%
Weymouth 6.70%
Brookline 3.74%
Stoughton 3.62%
Canton 0.71%
Franklin -6.12%
Data From: MLSPIN
Towns with an average of at least 5 sales per month (maximum of 10)
 








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