Market Overview: Brookline, MA

Condominium Properties

May Headlines
  • Inventory is down 16.5% to 81.
  • Months of supply in May was 1.9. This is down 13.0% from 2.2 in May of 2016.
  • Unit sales are down by 1.8%.
Nearby Areas You May Be Interested In
  • Unit sales in Somerville are down 42.4% to 34.
  • Inventory in Cambridge in May was 80. This is up 21.2% from 66 in May of 2016.
  • 3-month days on market in Boston is down by 20.4%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Sellers
3 Months Ending May, 2017% Chg From May, 2016
Unit Sales 127 4.1%
Median Sale Price $810,000 1.9%
Inventory 70 -19.5%
Months of Supply 1.7 -16.2%
Market Time (Days) 24 -36.8%
Price per Sq Ft for Sold $659 7.3%
Sales to List Price Ratio 102.6% 0.5%
New Listings 231 -7.6%
Went To Contract 187 8.1%
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There were 54 unit sales in May. This is down 1.8% from 55 in May of 2016. This is the highest unit sales have been since 65 in August, 2016. Sales/list price ratio in May moved up to 103.6% from 102.2% in April.

Median price in May was $832,000. This is up 1.5% from $820,000 in May of 2016. 3-month median price of $810,000 in May was up a little from $751,500 in April and up marginally from $795,000 in May of 2016. Price per square foot in May was $643. This is down from $680 in April but up from $602 in May of 2016.

Inventory of 81 in May was up 20.9% from 67 in April but down 16.5% from 97 in May of 2016. New listings of 86 in May were up substantially from 64 in April but down a little from 93 in May of 2016. Months of supply of 1.9 in May was up slightly from 1.6 in April but down modestly from 2.2 in May of 2016. On a year-over-year basis, months of supply has been rising for 5 months. This is the highest months of supply has been since September, 2016.

Market Time
Days on market of 19 in May was down a little from 22 in April and way down from 33 in May of 2016. On a year-over-year basis, days on market has been falling for 4 months. This is the lowest days on market has been since August, 2013.

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 18.97%
Weymouth 11.71%
Quincy 7.81%
Canton 5.46%
Braintree 5.04%
Stoughton 3.30%
Brookline 2.69%
Franklin -1.71%
Randolph -19.17%
Data From: MLSPIN
Towns with an average of at least 5 sales per month (maximum of 10)

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