June 2023 Market Update

June 2023 Market Update

Read more about how the Brookline and Newton real estate market fared in May 2023.  My monthly Market Update covers both single-family home and condominium homes and features highlights and analysis of each market.  Read the whole report here.


Brookline, MA, Single-Family Homes Highlights

  • Less market activity than year ago with 24 sales year- to-date, down 40%.
  • Lack of supply = price increase. Median sales price
  • $2,885,000, up 10.1% from 2022.
  • Buyers are educated about price/value and well priced properties sell quickly. Median days on market is 12 days, down 20%.
  • More choices for buyers, current market inventory is 42 units, up 133.3% from year ago.
  • The market has 4.9 months of supply of inventory, meaning if no new listings came on the market, it would take 4.9 months to sell current inventory. This is a seller’s market, but closer to balanced than market has been the past years.
  • Median list price of current inventory is $3,697,500, down 8.7% from 2022 and the median list price per sq ft is $873, up 9.2%.
  • Price increases may be slowing. Worth noting: median list price per sq ft is $873, compared to median sales price per sq ft of $683.

Work With Ingvild

Whether buying or selling, I will work relentlessly on your behalf to achieve your real estate goals. Contact me today to find out how I can be of assistance to you!

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