Q2 2022 Massachusetts Market Report

Compass new development offering as of 7/2020.

Q2 | 2022

MASSACHUSETTS QUARTERLY

MARKET REPORT

MARKET NOTE

Is residential real estate due for a market correction? Nationally, the answer appears to be yes. Rapidly rising interest rates, inflationary prices and stock market declines have all contributed to a significant drop in mortgage applications and home sales. Of course, just like politics, all real estate is local. National statistics are usually based on closed sales from one or two months ago. And market conditions can vary significantly from city to city and region to region. Be sure to consult with your agent to understand market trends specific to your neck of the woods. So, how do things look in Greater Boston? The following observations are based on year-to-date MLSPIN data for 150 communities as of June 30, 2022. Among single-family homes, some local indicators are clearly pointing toward a market correction. Compared to June 30, 2021, the number of single families on the market was up 37% and price reductions increased 20%. Pending sales and closed sales were both down. There were some bright spots for sellers, however. Average sales price grew 11% year over year, while median sales price jumped 9%. Days-to-offer was down 21%, a sign that buyers were quickly snapping up new inventory. And sale- to-list ratio (i.e., the final sales price divided by the original list price) was up 1.6%. Among Greater Boston condominiums, we didn’t see much indication of a softening market. Six percent fewer units were available than at the end of the second quarter of 2021. Largely due to inventory constraints, average sales price climbed 13% and median sales price rose 9%. Days- to-offer, meanwhile, was down 23%, suggesting that strong demand is spurring faster sales of condos. As with single families, pending sales and closed sales of condos dipped year over year; this was expected, given that fewer units had come onto the market. Sale-to-list ratio declined, albeit only less than 0.5%, but buyers were still willing to pay an average of almost 2.5% above the asking price.

strategy is critical; most of our communities have seen an uptick in price reductions, which indicates it is possible to overprice a home in this market. Although many homes were still receiving multiple offers, Compass agents reported that fewer offers were arriving in these cases. They added that more sellers (especially of homes under $2 million) were considering offers with financial and other contingencies. Furthermore, buyers were less likely to bid as significantly over the asking price as they were just one month before. But buyers shouldn’t assume home prices will come crashing down anytime soon. In Greater Boston, a variety of factors will continue to cause inventory to remain low. The rise in interest rates will also complicate matters. Buyers may need to reconsider what purchase price is realistic for their budget or explore an adjustable rate mortgage to keep payments affordable. John Burns Real Estate Consulting (which provides market data to Compass) projects that average monthly mortgage payments will soar 39% this year due to price appreciation and swelling mortgage rates. While affordability will be a challenge, those who are in a position to buy now will almost certainly benefit, as home prices have historically appreciated over the long term.

CAPE COD AND THE ISLANDS

In stark contrast with the Greater Boston market, single- family inventory shrank 17% and condo inventory was down 22% year over year on Cape Cod. For both property types, the numbers of pending and closed sales were down significantly, while prices were up. In Barnstable County, the median sales price for single-family homes and condos rose 14% and 20%, respectively.

On Martha’s Vineyard, the number of home sales dropped 27%, and the median sales price was up almost 13%.

On Nantucket, the number of home sales was down 38%, and the median sales price fell by 1.4%. Average sales price, however, was up 38%.

Sellers would be wise to adjust their expectations in light of these trends, particularly in the single-family arena. Pricing

Sources: MLSPIN Area Market Review, 1/1/22-6/30/22 CCAIMLS, 1/1/22-6/30/22 LINK, 1/1/22-6/30/22, Martha’s Vineyard and Nantucket

ANDOVER 2 Elm Square, Suite 204 978.248.8081 BOSTON 126 Newbury Street, 2nd Floor 617.206.3333 CAMBRIDGE 1100 Massachusetts Avenue, 1st Floor 617.303.0067 CAPE COD 877 Main Street, Osterville 734.203.7601 CHESTNUT HILL 1330 Boylston Street, 2nd Floor 617.752.6845 CONCORD 2 Lexington Road 351.207.1153 HINGHAM 18 Shipyard Drive, Suite 3C 781.285.8028

CONTENTS

MARKET NOTE / TABLE OF CONTENTS

CONCIERGE

GLOSSARY

BOSTON AND CAMBRIDGE

NORTH SHORE

NORTH OF BOSTON

LEXINGTON 7 Muzzey Street 781.386.0624

NORTHWEST OF BOSTON

MARBLEHEAD 46 Atlantic Avenue 781.534.9229 WELLESLEY 161 Linden Street, Suite 102

METROWEST OF BOSTON

SOUTHWEST OF BOSTON

781.365.9954 WESTON 450 Boston Post Road 781.739.2640 WINCHESTER 41 Thompson Street 781.219.0313

SOUTH SHORE

CAPE AND ISLANDS

ABOUT COMPASS

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COSMETIC RENOVATIONS

STRATEGIC STAGING

UPDATED FLOORING

GLOSSARY

SINGLE-FAMILY A stand-alone house is a free-standing residential building. It is sometimes referred to as a single-family home, as opposed to a multi-family residential dwelling. CONDO A condominium, often shortened to condo, is a type of living space similar to an apartment but independently sellable and therefore regarded as real estate MEDIAN LIST PRICE The median list price is the price in the very middle of a data set, with exactly half of the houses priced for less and half priced for more. We refer to the median list price rather than the average list price because it is less affected by outliers or properties that skew the perceived values in a particular housing market. MEDIAN SALES PRICE (MSP) The median sales price is the price in the very middle of a data set, with exactly half of the houses sold for less and half sold for more. We refer to the median sold price rather than the average sold price because it is less affected by outliers or properties that skew the perceived values in a particular housing market. DAYS ON MARKET (DOM) Days on market is defined as the total number of days a listing is active before an offer is accepted or the listing is pulled off the market.

CLOSED SALES Figures for the current quarter are based on known closings recorded at the time the report is prepared.

QUARTERS Q1 January 1 – March 31 Q2 April 1 – June 30 Q3 July 1 – September 30 Q4 October 1 – December 31

128 Beacon Street, Unit K | Exclusively listed by The Biega Kilgore Team

Living in Boston means a life at the center of everything — innovation and the arts, tradition, and technology. Bostonians are known for moving ever forward while cherishing simple, timeless pleasures like skating on Frog Pond, strolling the Public Garden, taking in various neighborhoods’ architectural gems, and shopping the boutiques of Newbury and Charles Streets. Just across the Charles River from Boston, leisure seekers in the Cambridge area can escape city life for the likes of Fresh Pond Reservation, and the manicured campuses of internationally-renowned universities.

Vibrant neighborhoods, such as Davis Square and Harvard Square, offer a diverse array of exciting dining, shopping, and nightlife options. Residents make their homes in spaces that are as diverse as the cities themselves— from the iconic brownstones of Back Bay, Beacon Street, and the South End, to Brookline and Cambridge’s generous estate properties and the extraordinary painted ladies of Jamaica Plain.

SINGLE-FAMILY INVENTORY

Q2 2022

294

$1,551,844

TOTAL SINGLE-FAMILY SALES *

MEDIAN SALES PRICE **

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

1,736

$867,432

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

AVERAGE DAYS ON MARKET ***

Towns included in the Boston & Cambridge region: Allston, Back Bay, Bay Village, Beacon Hill, Brighton, Brookline, Cambridge, Charlestown, Dorchester, Financial District, East Boston, Fenway, Jamaica Plain, Mission Hill, North End, Roslindale, Roxbury, South Boston, South End, Seaport, Waterfront, and West Roxbury.

* Total number of sales reflected per towns listed on following page in Q2 2022. ** Average of median sales price per towns listed on following page in Q2 2022. *** Data reflects totals and averages of the towns listed on the following page in Q2 2022.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

0.0% $800,000 $830,000 3.8% 23 29

26.1%

Allston

Back Bay

$1,550,000

Bay Village

-11.1% $3,450,000 $4,750,000 37.7% 148 93 -37.2%

Beacon Hill

-50% $815,000

$913,500

12.1% 26 16

-38.5

Brighton

-14.3% $1,850,000 $2,497,500 35% 29 34 17.2%

Brookline

-41.9% $1,850,000 $2,100,000 13.5% 25

36%

Cambridge

42.1

$1,355,000 $1,400,000 3.3% 57

-73.7

Charlestown

-38.7

$740,000 $840,000 13.5% 31

19.4%

Dorchester

Financial District

-25% $634,450 $722,000 13.8% 30 33

10%

East Boston

-100% $2,250,000

Fenway

40% $1,460,000 $1,175,000 -19.5% 26 21

-19.2%

Jamaica Plain

$929,000

Mission Hill

North End

13.5% $750,000

$742,500 -1.0% 17

20 17.6%

Roslindale

25% $570,000

$550,000 -3.5% 76 29 -61.8%

Roxbury

16.7% $1,137,000 $1,162,500 2.2% 69 21

-69.6%

South Boston

-33.3% $2,815,500 $3,825,000 35.9% 91

-3.3%

South End

Seaport

Waterfront

11.5% $810,000

$842,500

4% 19

-21%

West Roxbury

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

BOSTON AND CAMBRIDGE

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

-18.5% $535,000 $552,250

3.2% 49 31

-36.7%

Allston

126

-21.4% $1,270,000 $1,500,000 18.1% 90 47

-47.8%

Back Bay

0% $1,2350,000 $1,250,000 1.2% 10

-10.0%

Bay Village

$949,000 $1,210,000 27.5% 59 29 -50.8%

Beacon Hill

104

-45.2% $521,000

$570,000

9.4% 50 46 -8.0%

Brighton

199

162

-18.6% $880,000

$877,500 -0.3% 37

30 -18.9%

Brookline

239

209 -12.6% $849,000 $1,015,000 19.6% 36 23 -36.1%

Cambridge

113

103

-8.8% $845,000 $804,500 -4.8% 32

-15.6%

Charlestown

144

126

-12.5% $576,500 $605,000 4.9% 30 28

-6.7%

Dorchester

100% $617,558

$969,750 57.0% 193 44 -77.2%

Financial District

161

107

-33.5% $660,000 $625,000 -5.3% 47

-4.3%

East Boston

-35.7% $635,000 $625,000 -1.6% 47

-31.9%

Fenway

168

145

-13.7% $705,206

$735,000

4.2% 32

23 -28.1%

Jamaica Plain

-16.7% $612,750

$585,000 -4.5% 16 59 268.8%

Mission Hill

-44.1% $685,000 $655,000 -4.4% 47

0.0%

North End

-5% $591,000

$650,000 10.0% 23

16 -30.4%

Roslindale

94% $580,000 $600,000 3.4% 61

46 -24.6%

Roxbury

254

170 -33.1% $777,400

$867,500

11.6% 47

36 -23.4%

South Boston

215

206 -4.2% $915,950 $1,094,500 19.5% 48 32 -33.3%

South End

-33.9% $1,637,000 $1,279,000 -21.9% 58 102

75.9%

Seaport

4.3% $1,077,500 $1,477,500 37.1% 93 63 -32.3%

Waterfront

10.8% $444,000 $536,000 20.7% 42

-50.0%

West Roxbury

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

257 Ocean Avenue, Marblehead | Exclusively listed by Bill Willis and Christine Tierney

862 Bay Road, Hamilton | Exclusively listed by Syndi Zaiger

From the dunes of Plum Island to the pristine sands of Wingaersheek Beach, where the Annisquam River meets Ipswich Bay, the North Shore of Boston promises tranquil escapes taken straight from a postcard. Updated Colonials lend an air of sophistication to traditional architectural styles, while iconic Gothic Revival and Queen Anne-style homes attract visits from students of architecture.

Those looking for a livelier scene might check out Salem’s year-round Halloween happenings or venture further north to New Hampshire’s shopping hot spots. Lobster rolls, flea markets, and an easy commute to Boston by commuter rail make for an enviable lifestyle that feels a lot like vacation.

SINGLE-FAMILY INVENTORY

Q2 2022

715

$762,201

TOTAL SINGLE-FAMILY SALES *

MEDIAN SALES PRICE **

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

491

$513,233

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

AVERAGE DAYS ON MARKET ***

Towns included in the North Shore region: Beverly, Chelsea, Danvers, Essex, Gloucester, Hamilton, Ipswich, Lynn, Manchester-by-the-Sea, Marblehead, Newburyport, Peabody, Rowley, Rockport, Salem, Salisbury, Swampscott, and Winthrop.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

2.5% $675,000

$688,000

1.9% 19

-10.5%

Beverly

33.3% $487,000 $630,000 29.4% 26

17 -34.6%

Chelsea

-13.0% $647,500 $640,000 -1.2% 16

-6.3%

Danvers

-62.5% $772,500

$855,000 10.7% 21

52 147.6%

Essex

8.1% $660,000 $625,000 -5.3% 38

23 -39.5%

Gloucester

50.0% $630,000 $700,000

11.1% 20 35

75.0%

Winthrop

27.6% $807,766

$863,760

6.9% 38

29 -23.7%

Ipswich

149

124 -16.8% $475,000

$520,000

9.5% 21

-19.0%

Lynn

Manchester- by-the-Sea

50% $1,075,000 $1,100,000 2.3% 52

46 -11.5%

50 -30.6% $837,500 $868,000 3.6% 22

4.5%

Marblehead

-27.3% $890,700 $1,025,000 15.1% 28

-25.0%

Newburyport

-27.1% $608,750 $644,000 5.8% 17

16 -5.9%

Peabody

-21.7% $790,000 $780,000 -1.3% 17

35 105.9%

Rowley

-59.1% $1,002,000 $890,000 -11.2% 48

16 -66.7%

Rockport

7.8% $542,000 $639,900

18.1% 19

-10.5%

Salem

53.8% $500,000

$539,950

8.0% 66

55 -16.7%

Salisbury

-3.3% $820,000 $900,000 9.8% 38

28 -26.3%

Hamilton

-34.0% $740,000

$811,000

9.6% 29

20 -31.0%

Swampscott

50.0% $630,000 $700,000

11.1% 20 35

75.0%

Winthrop

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

NORTH SHORE

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

-12.2% $380,000

$413,250

8.8% 22

20 -9.1%

Beverly

-41.4% $449,450 $425,000 -5.4% 27

18.5%

Chelsea

-8.0% $425,000

$431,000

1.4% 22

26 18.2%

Danvers

0.0% $585,000 $305,000 -47.9% 37

3 -91.9%

Essex

0.0% $452,500 $550,000 21.5% 62

34 -45.2%

Gloucester

-6.3% $464,500 $472,000

1.6% 48

27 -43.8%

Winthrop

-10.5% $380,000

$576,250 51.6% 31

24 -22.6%

Ipswich

-4.9% $290,000 $338,500 16.7% 48

40 -16.7%

Lynn

Manchester- by-the-Sea

0.0% $750,000

$795,000

6.0% 155

22 -85.8%

-20.0% $525,000

$527,500

0.5% 29 49 69.0%

Marblehead

-13.5% $523,250 $640,000 22.3% 21

4.8%

Newburyport

33.3% $399,000

$417,500

4.6% 16

6.3%

Peabody

0.0% $442,500 $416,000 -6.0% 20

-15.0%

Rowley

33.3% $580,000 $462,000 -20.3% 42

35.7%

Rockport

109

16.0% $431,500

$461,200

6.9% 20 23 15.0%

Salem

11.1% $442,500 $466,000 5.3% 30 59 96.7%

Salisbury

-55.6% $866,140 $1,023,000 18.1% 14

88 528.6%

Hamilton

-28.6% $401,000

$519,000 29.4% 24 28

16.7%

Swampscott

-6.3% $464,500 $472,000

1.6% 48

27 -43.8%

Winthrop

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

29 Anne Road, North Andover | Exclusively listed by the Lush Group

The communities north of Boston feature the luxuries of modern living amid picturesque streetscapes that honor New England’s history. Residences are as varied as that history itself, from Victorian homes and Colonial estates to updated farmhouses and new condominiums. Community investment has breathed new life into well- preserved town centers such as the Lexington Common and Andover’s Shawsheen Village Historic District. Beautifully restored mills house top-rated restaurants, and antique stores share space with contemporary boutiques.

Runners, hikers, and cyclists take full advantage of expansive greenspaces like the Boxford and Harold Parker State Forests, Breakheart Reservation, and Middlesex Fells Reservation, while children attend schools that rate among the best in the country. Residents enjoy an easy commute into Boston via car or commuter rail and can head a few miles north to New Hampshire for weekend getaways.

SINGLE-FAMILY INVENTORY

Q2 2022

934

$820,250

TOTAL SINGLE-FAMILY SALES *

MEDIAN SALES PRICE **

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

470

$471,927

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

AVERAGE DAYS ON MARKET ***

Towns included in the North of Boston region: Andover, Boxford, Everett, Haverhill, Lawrence, Lynnfield, Malden, Medford, Middleton, Melrose, North Andover, North Reading, Reading, Saugus, Stoneham, and Wakefield.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

111

101

-9.0% $880,000 $1,050,000 19.3% 26

3.8%

Andover

0.0% $957,000 $990,000 3.4% 38

20 -47.4%

Boxford

-29.6% $535,000

$577,000

7.9% 31

-51.6%

Everett

114

106

-7.0% $462,500 $537,500 16.2% 18

5.6%

Haverhill

16.2% $395,000 $446,000 12.9% 20

25 25.0%

Lawrence

-12.1% $825,000 $1,300,000 57.6% 18

13 -27.8%

Lynnfield

19.6% $587,500

$665,000 13.2% 20

19 -5.0%

Malden

-3.6% $745,000

$875,000 17.4% 17

16 -5.9%

Medford

-48.1% $735,000 $1,155,000 57.1% 29

18 -37.9%

Middleton

5.3% $808,000 $890,000 10.1% 15

13.3%

Melrose

-10.3% $812,500

$877,500

8.0% 24

15 -37.5%

North Andover

-23.7% $730,000 $752,000

3.0% 15

13 -13.3%

North Reading

33.9% $775,000

$856,000 10.5% 20

-15.0%

Reading

-21.7% $551,000

$664,500 20.6% 24

16 -33.3%

Saugus

-17.0% $681,000

$737,500

8.3% 17

14 -17.6%

Stoneham

-1.4% $722,500

$751,000

3.9% 20

15 -25.0%

Wakefield

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

NORTH OF BOSTON

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

-41.7% $399,061

$525,000 31.6% 27

23 -14.8%

Andover

Boxford

-60.0% $484,000 $475,000 -1.9% 28

20 -28.6%

Everett

-25.8% $296,700

$372,500 25.5% 17

14 -17.6%

Haverhill

-25.0% $187,000

$230,500 23.3% 31

17 -45.2%

Lawrence

250.0% $622,500 $640,000 2.8% 7

142.9%

Lynnfield

-22.2% $425,000 $430,000

1.2% 34 25 -26.5%

Malden

111

26.1% $577,500

$629,900

9.1% 36

-52.8%

Medford

-43.8% $505,000 $632,000 25.1% 28

26 -7.1%

Middleton

-51.3% $470,000 $425,000 -9.6% 22

24 9.1%

Melrose

-13.2% $347,000

$375,000

8.1% 17

14 -17.6%

North Andover

13.3% $279,000

$414,000 48.4% 38

19 -50.0%

North Reading

-25.6% $540,000 $560,000

3.7% 39

32 -17.9%

Reading

-63.6% $382,000 $460,000 20.4% 19

13 -31.6%

Saugus

-31.4% $358,000 $382,500 6.8% 22

-22.7%

Stoneham

30 -56.5% $472,000

$527,500

11.8% 28

29 3.6%

Wakefield

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

41 McCallar Lane, Concord | Exclusively listed by Evarts + McLean + Co

Greenspace abounds in the communities situated northwest of Boston, as several national protected areas are peppered throughout the region for its many residents to enjoy. Exercise enthusiasts relish the trails and bikeways of the Minuteman National Historic Park, while others that opt for a more leisurely outing are partial to the Assabet River National Wildlife Refuge.

These suburban towns just outside of Boston may give the illusion of being a world away from the hustle and bustle, but commuters — and those looking to spend a few hours in the city — can still reap the benefits of city life by way of the MBTA train lines serving the region.

SINGLE-FAMILY INVENTORY

Q2 2022

1,155

MEDIAN SALES PRICE ** $1,037,290

TOTAL SINGLE-FAMILY SALES *

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

696

$643,410

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

AVERAGE DAYS ON MARKET ***

Towns included in the Northwest of Boston region: Acton, Arlington, Bedford, Belmont, Billerica, Burlington, Carlisle, Chelmsford, Concord, Dracut, Groton, Harvard, Lexington, Lincoln, Maynard, Somerville, Tewksbury, Watertown, Waltham, Wilmington, Winchester, Woburn, and Stow.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

-16.9% $853,000 $1,000,000 17.2% 19

14 -26.3%

Acton

-2.2% $1,037,500 $1,245,000 20.0% 11

9.1%

Arlington

-54.3% $900,000 $1,090,000 21.1% 23

16 -30.4%

Bedford

-18.9% $1,430,000 $1,696,000 18.6% 20 26 30.0%

Belmont

104

-79.8% $586,500 $653,000 11.3% 19

10.5%

Billerica

-29.2% $695,000 $770,000 10.8% 18

25 38.9%

Burlington

14 -36.4% $1,137,500 $1,266,924 11.4% 39

19 -51.3%

Carlisle

106

-17.9% $576,500 $650,000 12.7% 16

13 -18.8%

Chelmsford

-5.3% $1,750,000 $1,687,500 -3.6% 36 20 -44.4%

Concord

18.6% $487,500 $545,000 11.8% 22

-22.7%

Dracut

-5.6% $677,889

$800,000 18.0% 32

19 -46.9%

Groton

-30.8% $812,500 $1,100,000 35.4% 51

30 -41.2%

Harvard

122

-21.3% $1,510,000 $1,639,000 8.5% 28

19 -32.1%

Lexington

16.7% $1,440,500 $1,805,000 25.3% 35

19 -45.7%

Lincoln

-34.2% $495,000 $550,000

11.1% 20

15 -25.0%

Maynard

-33.3% $910,000 $1,279,750 40.6% 25

-16.0%

Somerville

25.4% $605,000 $640,000 5.8% 19

20 5.3%

Tewksbury

-34.4% $825,750

$815,000

-1.3% 17

32 88.2%

Watertown

-1.1% $705,000

$770,000

9.2% 20

15 -25.0%

Waltham

5.6% $630,000 $738,500 17.2% 19

19 0.0%

Wilmington

-3.8% $1,380,500 $1,550,000 12.3% 25

15 -40.0%

Winchester

-16.7% $650,000 $702,000 8.0% 18

0.0%

Woburn

-17.1% $700,000 $865,000 23.6% 36 20 -44.4%

Stow

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

NORTHWEST OF BOSTON

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

-2.4% $380,000 $440,500 15.9% 38

16 -57.9%

Acton

-16.8% $662,500 $807,000 21.8% 21

-19.0%

Arlington

66.7% $531,000

$818,000 54.0% 55

22 -60.0%

Bedford

-40.9% $750,000 $836,000 11.5% 36

19 -47.2%

Belmont

33.3% $346,250 $440,000 27.1% 22

18 -18.2%

Billerica

50.0% $552,500 $782,500 41.6% 47

-63.8%

Burlington

-100.0% $1,000,000

Carlisle

69.2% $350,000 $435,200 24.3% 28

-57.1%

Chelmsford

-15.4% $660,000 $899,000 36.2% 18

14 -22.2%

Concord

-38.3% $255,000 $362,500 42.2% 14

12 -14.3%

Dracut

-12.5% $341,000

$636,000 86.5% 55

25 -54.5%

Groton

140.0% $510,000

$632,916

24.1% 37

10 -73.0%

Harvard

5.9% $760,000 $850,000 11.8% 19

-21.1%

Lexington

-20.0% $438,000 $666,000 52.1% 27

-37.0%

Lincoln

-10.0% $379,375

$415,000

9.4% 16

12.5%

Maynard

206

137

-33.5% $794,750

$820,000 3.2% 42

33 -21.4%

Somerville

0.0% $396,000 $460,000 16.2% 18

14 -22.2%

Tewksbury

8.1% $627,500

$706,500 12.6% 26

20 -23.1%

Watertown

101

-43.6% $515,000

$570,000 10.7% 38

-55.3%

Waltham

-100.0% $579,950

Wilmington

-27.3% $720,000

$739,500

2.7% 36 40 11.1%

Winchester

-32.6% $499,250 $485,000 -2.9% 30

18 -40.0%

Woburn

66.7% $660,000

$710,000

7.6% 43

10 -76.7%

Stow

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

19 Burnham Road, Newton | Exclusively listed by Allison Blank

MetroWest combines stunning conservation lands, tranquil ponds, and apple orchards with sought- after accessibility to offerings of urban living. Arts aficionados relish the Wellesley Symphony Orchestra, while the Natick Center for the Arts showcases some of the country’s most beloved musicians. Locals enjoy fine dining, dance, and theater performances, while also having access to trails and extensive conservation land.

Time spent at home might mean enjoying all the comforts and modern amenities of a brick Georgian revival with a wide front porch, a contemporary Colonial with cathedral ceilings, a well-appointed condominium, or a newly renovated townhome.

SINGLE-FAMILY INVENTORY

Q2 2022

974

$1,393,167

TOTAL SINGLE-FAMILY SALES *

MEDIAN SALES PRICE **

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

279

$821,736

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

AVERAGE DAYS ON MARKET ***

Towns included in the Metrowest region: Dedham, Dover, Framingham, Natick, Needham, Newton, Sherborn, Sudbury, Wayland, Wellesley, Weston, and Westwood.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

-9.6% $662,500

$731,500 10.4% 29

16 -44.8%

Dedham

17.4% $1,400,000 $1,831,000 30.8% 75

19 -74.7%

Dover

150

146

-2.7% $599,000 $650,000 8.5% 14

-21.4%

Framingham

102

-6.9% $761,000

$950,000 24.8% 18

20 11.1%

Natick

102

101

-1.0% $1,237,500 $1,555,000 25.7% 19

16 -15.8%

Needham

196

176

-10.2% $1,600,000 $1,760,000 10.0% 29

18 -37.9%

Newton

19.2% $1,124,500 $1,275,000 13.4% 30

-10.0%

Sherborn

1.2% $1,035,000 $1,274,500 23.1% 14

25 78.6%

Sudbury

-30.2% $1,010,000 $1,095,000 8.4% 36 20 -44.4%

Wayland

104

105

1.0% $1,824,500 $2,200,000 20.6% 22

12 -45.5%

Wellesley

-8.3% $2,165,000 $2,270,000 4.8% 72

27 -62.5%

Weston

-40.3% $1,002,500 $1,126,000 12.3% 25

15 -40.0%

Westwood

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

METROWEST

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

-26.1% $500,000 $490,000 -2.0% 30

-30.0%

Dedham

50.0% $597,500

$865,000 44.8% 13

0.0%

Dover

0.0% $269,000

$337,500 25.5% 27

90 233.3%

Framingham

-20.4% $531,000

$700,000 31.8% 32

20 -37.5%

Natick

-19.0% $775,000 $900,000 16.1% 52

-67.3%

Needham

163

-41.7% $818,000

$910,000

11.2% 39

19 -51.3%

Newton

-75.0% $719,500

$900,000 25.1% 41

-9.8%

Sherborn

33.3% $602,984 $782,080 29.7% 34 14 -58.8%

Sudbury

87.5% $827,750 $1,195,000 44.4% 61

0.0%

Wayland

104

105

1.0% $1,824,500 $2,200,000 20.6% 22

12 -45.5%

Wellesley

25.0% $767,500

$700,000 -8.8% 33

17 -48.5%

Weston

-40.0% $1,045,243 $975,000 -6.7% 45

44 -2.2%

Westwood

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

5 Elm Street, Canton | Exclusively sold by Melissa Mayer

Anchored by the Blue Hills Reservation and Borderland State Park, the towns situated southeast of Boston are known for their vast array of businesses, including technology, retail, wholesale, and manufacturing, complemented by entertainment venues and professional sporting arenas.

locals and visitors alike, while nearby Mansfield draws flocks of people to town to enjoy live music performances and events. Only a 40-minute drive to Boston, this region serves as a popular commuter’s community, as residents are afforded the conveniences of the city, seamlessly blended with the spacious benefits provided by a suburban lifestyle.

Foxborough, home to the New England Patriots, hosts a slew of year-round activities for both

SINGLE-FAMILY INVENTORY

Q2 2022

549

$721,838

TOTAL SINGLE-FAMILY SALES *

MEDIAN SALES PRICE **

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

204

$532,704

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

AVERAGE DAYS ON MARKET ***

Towns included in the Southwest of Boston region: Avon, Abington, Canton, Franklin, Foxborough, Norfolk, Norwood, Mansfield, Medfield, Medway, Sharon, Stoughton, and Wrentham.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

100.0% $520,000

$475,500 -8.6% 14

57.1%

Avon

-18.2% $462,500 $590,500 27.7% 17

22 29.4%

Abington

-35.8% $725,000

$799,900 10.3% 18

72.2%

Canton

102

-26.5% $602,500 $695,000 15.4% 23

20 -13.0%

Franklin

-22.6% $606,000

$710,000

17.2% 19

19 0.0%

Foxborough

-5.0% $727,500

$775,000

6.5% 35

-11.4%

Norfolk

1.6% $630,000 $680,000

7.9% 14

19 35.7%

Norwood

-76.6% $575,500

$712,500 23.8% 20

15 -25.0%

Mansfield

-23.8% $850,000 $1,087,500 27.9% 28

23 -17.9%

Medfield

-17.6% $570,000

$703,000 23.3% 16

6.3%

Medway

-12.8% $490,000 $580,000 18.4% 20

18 -10.0%

Stoughton

-58.8% $775,000

$850,000

9.7% 26

29 -66.3%

Sharon

-40.5% $615,000

$725,000 17.9% 24

15 -37.5%

Wrentham

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

SOUTHWEST OF BOSTON

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

Avon

-15.4% $360,000 $380,000 5.6% 17

14 -17.6%

Abington

2.3% $459,000

$552,142

20.3% 41

30 -26.8%

Canton

-20.5% $389,000 $460,000 18.3% 22

13 -40.9%

Franklin

-50.0% $487,500

$525,000

7.7% 30

14 -53.3%

Foxborough

-42.9% $600,953

$655,000

9.0% 81

-74.1%

Norfolk

-43.2% $415,000

$450,000 8.4% 39

-61.5%

Norwood

66.7% $305,000 $309,500

1.5% 15

14 -6.7%

Mansfield

28.6% $350,000 $670,000 91.4% 18

29 61.1%

Medfield

-37.5% $365,000

$517,835

41.9% 27

22 -18.5%

Medway

17.4% $340,000 $376,000 10.6% 22

18 -18.2%

Stoughton

-58.8% $460,000

$710,000 54.3% 104 35 -66.3%

Sharon

125.0% $379,950

$786,972

107.1% 16

47 193.8%

Wrentham

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

170 Otis Street, Hingham | Exclusively listed by the Kevin Lewis Group

The historic towns of the South Shore showcase stately Colonials, townhomes, and Capes, as well as nineteenth century country houses and estates framed by fieldstone walls. New construction homes in the tradition of the Georgian Colonial are neighbors to tasteful condos with floor-to-ceiling bay windows and coastal views. While residents enjoy the proximity to both Boston and Providence, the South Shore has plenty to entice in its own right, from fresh oysters and farm-to-table dining to swimming, hiking, and biking in the Blue Hills and Neponset Reservations.

Defined by the prominence of Route 3, the South Shore features several gorgeous seaside towns along this highly traveled path, making for a picturesque excursion leading to the Cape. Families count on excellent schools, enjoy arts and cultural delights like dance performances and outdoor music festivals, and cherish institutions like the South Shore Music Circus and South Shore Children’s Museum.

SINGLE-FAMILY INVENTORY

Q2 2022

979

$737,297

TOTAL SINGLE-FAMILY SALES *

MEDIAN SALES PRICE **

AVERAGE DAYS ON MARKET ***

CONDOMINIUM INVENTORY

Q2 2022

359

$588,229

TOTAL CONDO SALES *

MEDIAN SALES PRICE **

AVERAGE DAYS ON MARKET ***

Towns included in the South Shore region: Braintree, Cohasset, Duxbury, Hanover, Hingham, Hull, Kingston, Marshfield, Milton, Norwell, Pembroke, Plymouth, Quincy, Rockland, Scituate, and Weymouth.

Single-Family Data —

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

-26.3% $397,500 $442,500 11.3% 36

19 -47.2%

Braintree

-34.1% $1,312,000 $1,365,000 4.0% 50

-38.0%

Cohasset

-33.9% $882,500

$110,000 -87.5% 24 38 58.3%

Duxbury

-31.4% $640,000 $705,000 10.2% 29

25 -13.8%

Hanover

-11.0% $1,175,000 $1,399,000 19.1% 21

24 14.3%

Hingham

-27.3% $618,500

$701,000 13.3% 31

22 -29.0%

Hull

-28.2% $590,000

$611,500

3.6% 37

36 -2.7%

Kingston

-1.8% $635,000

$677,500

6.7% 23

20 -13.0%

Marshfield

-12.6% $906,000 $990,000 9.3% 25

-32.0%

Milton

42.9% $810,000

$971,500

19.9% 39

18 -53.8%

Norwell

-37.9% $535,000 $572,000

6.9% 32

22 -31.3%

Pembroke

202

170 -15.8% $510,000

$598,750 17.4% 34 28 -17.6%

Plymouth

118

-26.3% $632,500 $665,000

5.1% 27

24 -11.1%

Quincy

29 -54.0% $445,000 $502,000 12.8% 18

-16.7%

Rockland

-9.5% $785,000

$876,000 11.6% 26

29 11.5%

Scituate

138

131

-5.1% $545,000

$610,000

11.9% 21

19 -9.5%

Weymouth

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

Condominium Data —

SOUTH SHORE

Q2 2021 ADOM

Q2 2022 ADOM

Q2 2021 Sales

Q2 2022 Sales

Town

% Change Q2 2021 MSP Q2 2022 MSP % Change

% Change

-26.3% $397,500 $442,500 11.3% 36

19 -47.2%

Braintree

16.7% $732,500 $865,000 18.1% 70 40 -42.9%

Cohasset

-42.9% $475,000

$589,000 24.0% 19

-10.5%

Duxbury

-44.4% $580,000 $653,660 12.7% 44 16 -63.6%

Hanover

-36.7% $828,500 $600,000 -27.6% 62

47 -24.2%

Hingham

-5.3% $385,000 $508,000 31.9% 25

24.0%

Hull

0.0% $440,000 $336,000 -23.6% 5

60.0%

Kingston

-50.0% $234,000 $255,000

9.0% 22

12 -45.5%

Marshfield

0.0% $944,500 $1,335,000 41.3% 59 160 171.2%

Milton

-33.3% $700,000 $869,000 24.1% 176 154 -12.5%

Norwell

20.0% $351,000

$403,500 15.0% 20

10 -50.0%

Pembroke

-33.7% $390,000 $480,000 23.1% 52

33 -36.5%

Plymouth

152

106 -30.3% $505,000 $430,000 -14.9% 51

23 -54.9%

Quincy

-18.2% $335,000 $385,000 14.9% 13

7.7%

Rockland

-42.3% $734,000 $890,000 21.3% 57

83 45.6%

Scituate

12.1% $308,500 $370,000 19.9% 29

28 -3.4%

Weymouth

Market Data: Based on MLS Total Sold Market Statistics April 1, 2022 - June 30, 2022 vs. Total Sold Market Statistics April 1, 2021 - June 30, 2021; Pulled July 5, 2022

41 Jefferson Avenue, Nantucket | Exclusively listed by The Mazer Group

A favorite destination for tourists, statespeople, and celebrities, the Cape and Islands have even more to offer those who make it home. Known for its signature wood-framed clapboard homes, the coastal region also boasts traditional Colonial and salt-box homes, seaside cottages, and luxury condos. Simply taking in the majestic sunsets is an activity on its own, but residents of the Cape and Islands also enjoy playing at pristine golf courses, dining at five-star restaurants, watching the seals at the

Chatham Fish Pier, strolling through sculpture gardens and, of course, beachgoing, sailing, and swimming. From townhomes adjoining the vibrant streets of Provincetown to tranquil, secluded estates across the region, Cape Cod, Nantucket, and Martha’s Vineyard have something for everyone.

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