Market Overview: Brookline, MA

Condominium Properties




July Headlines
Brookline
  • 3-month days on market is down by 19.2%.
  • Months of supply is down 5.1% to 1.7.
  • Inventory in July was 70. This is down 4.1% from 73 in July of 2016.
Nearby Areas You May Be Interested In
  • Months of supply in Somerville is up 19.7% to 2.3.
  • Median price in Boston in July was $586,500. This is up 4.2% from $563,000 in July of 2016.
  • Months of supply in Boston is down by 0.9%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending July, 2017% Chg From Jul, 2016
Unit Sales 182 -2.7%
Sales to List Price Ratio 103.0% -0.3%
Went To Contract 175 -1.1%
Changes Favoring Sellers
3 Months Ending July, 2017% Chg From Jul, 2016
Median Sale Price $815,000 5.8%
Inventory 71 -14.5%
Months of Supply 1.7 -15.3%
Market Time (Days) 21 -19.2%
Price per Sq Ft for Sold $668 10.0%
New Listings 199 -1.0%
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Sales
There were 61 unit sales in July. This is down 10.3% from 68 in July of 2016. Sales/list price ratio was 102.8% in July, equal to June.

Prices
Median price in July was $777,000. This is up 1.6% from $765,000 in July of 2016. 3-month median price of $815,000 in July was down just slightly from $835,000 in June but up a little from $770,000 in July of 2016. Price per square foot in July was $676. This is down from $683 in June but up from $607 in July of 2016.

Inventory
Inventory of 70 in July was up 9.4% from 64 in June but down 4.1% from 73 in July of 2016. New listings of 54 in July were down slightly from 59 in June but up just slightly from 53 in July of 2016. Months of supply of 1.7 in July was up a little from 1.5 in June but down slightly from 1.8 in July of 2016.

Market Time
Days on market of 20 in July was down modestly from 24 in June and down considerably from 26 in July 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
Weymouth 16.26%
Quincy 9.04%
Braintree 7.20%
Stoughton 5.26%
Brookline 3.35%
Walpole 2.58%
Canton -3.04%
Franklin -9.27%
Data From: MLSPIN
Towns with an average of at least 5 sales per month (maximum of 10)
 








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