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Boston Real Estate Market Statistics – Medford – May 2021

What happened since last year?

People feel a market frenzy, and shocking pricing. How does this show up in the statistics?

The number of single families sold year to date is up 55.7%.

The days on market is down 55.6%.

The number of new listings is up 41.2%.

And sales prices are up 16.3%.

These all say more sales, happening faster, at higher prices. People are really feeling the market in the “prices over asking”. How much are people paying above the asking price of homes in order to win the bidding war?

On average in 2021, year to date through May, people paid 5.1% over the asking price, up from an average of “at asking” for 2020.

May be an image of text that says 'MEDFORD, MA MAY SINGLE FAMILY MARKET UPDATE 36 HOMES SOLD 9 DAYSON ON MARKET 36 LISTINGS LISTINGS $734K MEDIAN SALE PRICE STEPHANIE FORD- WEEMS &DAVID GORDON BEACON GROUP OF COLDWELL BANKER'
May be an image of text that says 'MEDFORD, MA MAY CONDOMINIUM MARKET UPDATE 35 HOMES SOLD 20 DAYS DAYSMRKET ON MARKET 38 NEW ELISTINGS LISTINGS $600K MEDIAN SALE PRICE STEPHANIE FORD- WEEMS &DAVID GORDON BEACON GROUP OF COLDWELL BANKER'
May be an image of text that says 'MEDFORD, MA MAY MULTIFAMILY MARKET UPDATE 14 HOMES HOMESSOLD SOLD 7 DAYS DAYSON ON MARKET 9 NEW NEWLISTINGS LISTINGS $927.5K MEDIAN SALE PRICE STEPHANIE FORD- WEEMS DAVID GORDON BEACON GROUP OF COLDWELL BANKER'

Here are some sales stats from Medford in May. Median price and days on market can be “economic indicators,” but they aren’t a professional way to make a well-informed real estate decision. Contact us to find the relevant data that you need to move you forward. 📧📞

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Beacon Group Real Estate is a team focused on data-based decision making with clients.  Are you thinking to move to Needham?  Call us.
Beacon Group Real Estate – Keri Liu | David Gordon | Stephanie Ford | Wayne Godfrey | 617.930.4500

Data retrieved from MLS

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