Market Overview: Brookline, MA

Condominium Properties




June Headlines
Brookline
  • Months of supply in June was 2.3. This is up 50.6% from 1.5 in June of 2017.
  • Unit sales are down by 26.2%.
  • 3-month days on market is up 27.3% to 28.
Nearby Areas You May Be Interested In
  • Months of supply in Newton in June was 3.4. This is up 101.0% from 1.7 in June of 2017.
  • New listings in Newton are up by 61.8%.
  • Inventory in Newton is up 53.8% to 80.
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
Unit Sales 120 -24.5%
Inventory 86 24.6%
Months of Supply 2.3 41.3%
Market Time (Days) 28 27.3%
Sales to List Price Ratio 102.6% -0.3%
New Listings 210 0.5%
Went To Contract 155 -16.2%
Changes Favoring Sellers
3 Months Ending June, 2018% Chg From Jun, 2017
Median Sale Price $930,000 11.4%
Price per Sq Ft for Sold $701 4.9%
Click here to see monthly and longer-term averages.

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Sales
There were 48 unit sales in June. This is down 26.2% from 65 in June of 2017. On a year-over-year basis, unit sales have been rising for 4 months. This is the highest unit sales have been since 62 in August, 2017. Sales/list price ratio in June moved up to 103.4% from 101.8% in May.

Prices
Median price in June was $928,550. This is up 11.2% from $835,000 in June of 2017. 3-month median price of $930,000 in June was very slightly up from $920,000 in May and up modestly from $835,000 in June of 2017. Price per square foot in June was $726. This is up from $680 in May and up from $683 in June of 2017.

Inventory
Inventory of 85 in June was down 15.0% from 100 in May but up 32.8% from 64 in June of 2017. New listings of 52 in June were way down from 86 in May and down a little from 59 in June of 2017. Months of supply of 2.3 in June was down modestly from 2.6 in May but way up from 1.5 in June of 2017.

Market Time
Days on market of 18 in June was down considerably from 35 in May and down moderately from 24 in June of 2017.


Change in Median Sale Price for Condominium Properties YTD From 2017 To 2018 for Towns in Norfolk County, MA Ranked by Best Performance
Towns% Change
Weymouth 32.34%
Franklin 25.98%
Walpole 23.90%
Norwood 21.91%
Braintree 14.79%
Randolph 12.36%
Brookline 10.40%
Stoughton 9.38%
Quincy 4.58%
Canton 3.94%
Data From: MLSPIN
Towns with an average of at least 5 sales per month (maximum of 10)
 








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