November 2021 highlights
November was the slowest month in the year, so far, as far as sales and price increase which reflects a leveling off of the market heading into the end of the year.
- Sale and list price caught up with each other. After a dip in October, the sale-to-list-price ratio crept back up to 101%. This is likely due to a slight increase in competition as fewer homes were placed on the market but the number of sales remained relatively stable.
- The amount of time a home was on the market spiked. Autumn in the Boston real estate market is a predictably slow time. One of the main indicators of this trend has been a large rise in the median days on market for single-family homes. The days on market for November rose 65% from 23 days to 38.
- The median sale price of condos dropped slightly. Median list prices for condos rose only $900 from $700,000 in November. But the sale price dropped to 98% of that list price, down to $750,000 from $784,000 the previous month.
See previous months’ highlights
Competition report
Our research team analyzed the competition in select local areas.
Sale price
List price
Sale price compared to list price
Days on market
Number of properties listed
Number of properties pending sale
Metropolitan Boston data is for the city of Boston excluding 02119,02121,02124,02130,02126,02131,02136,02132; Cambridge; and Somerville.
Boston Suburbs data is for Malden, Medford, Quincy, Weymouth, Watertown, Brookline, Newton, Lexington, Winchester, Belmont, and Arlington.
