Keller Williams Realty Boston Northwest - Mike McPherson, REALTOR®

Monthly Market Insights

August 2023

GBAR August 2023

Single-Family Homes

The 1,090 homes sold in August 2023 was a 25.9 percent decline in sales volume from the

1,471 homes sold in August 2022. This was also the lowest sales volume for the month

since 2010. Additionally, the median sales price reached a new record high price for the

month of August at $881,000 which reflects a 6.8 percent increase on the August 2022

median sales price of $825,000.

Condominiums

With 787 condos sold in August, it was a 23.7 percent decrease from the 1,031 units sold

in August 2022. This is the fewest number of condos sold in August since 2010. The

median sales price for condos increased to a new record high for the month at $685,000

which is a 5.4 percent increase from the August 2022 median sales price of $650,000.

Multi-Family Homes

This month, 173 multi-family homes were sold in Greater Boston, which reflects a 28.8

percent decrease in sales from the 243 units sold in August

Data provided by MLSPin and the Greater Boston Association of REALTORS®