1. Monthly IndicatorsA RESEARCH TOOL PROVIDED BY THE GREATER BOSTON ASSOCIATION OF REALTORS®
October 2014 Quick Facts
2
3
4
5
6
7
8
9
10
11
12
13
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of November 16, 2014. All data from MLS Property
Information Network, Inc. Provided by Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing.
- 3.6%
Year-Over-Year
(YoY) Change in
Closed Sales
Single-Family Only
Even while the pace of home price acceleration normalizes, housing has shown
recent signs of ongoing strength. Both housing starts and future building
permits are on the rise nationally. Inventory levels are increasing in most metro
areas, driven higher by rising prices and more confident sellers. Homes are still
selling quickly and for close to or even above list price.
New Listings in the Greater Boston region were up 4.0 percent for detached
homes but decreased 0.2 percent for condominiums. Closed Sales decreased
3.6 percent for detached homes but increased 4.6 percent for condominiums.
The Median Sales Price was up 5.8 percent to $501,500 for single-family
properties but decreased 0.7 percent to $414,000 for condominiums. Months
Supply of Inventory increased 1.9 percent for single-family units but was down
24.7 percent for townhouse-condo units.
Interest rates remain attractive, even as Federal Reserve banter is finally hinting
that quantitative easing is reaching its fateful conclusion. Capital markets have
exhibited some volatility, but ultimately it's all about earnings and growth, and
corporate earnings have been encouragingly strong, while private job gains
have recently exceeded expectations.
+ 4.6%
Year-Over-Year
(YoY) Change in
Closed Sales
Condominium Only
+ 0.2%
Year-Over-Year
(YoY) Change in
Closed Sales
All Properties
Single-Family Market Overview
Condominium Market Overview
Closed Sales
Median Sales Price
Housing Affordability Index
Inventory of Homes for Sale
Click on desired metric to jump to that page.
Months Supply of Inventory
Days On Market Until Sale
Percent of Original List Price Received
City of Boston Overview
Pending Sales
New Listings

2. Single-Family Market Overview
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
Key Metrics Historical Sparklines Oct-2013 Oct-2014 + / – YTD 2013 YTD 2014 + / –
97.2% 97.8%
- 6.5%
+ 0.6%
Percent of Original
List Price Received
Days on Market Until Sale
97.2%
+ 13.3%
- 0.7%
66
96.5%
Pending Sales
Median Sales Price
- 4.5%9,779933 1,022 + 9.5% 10,236
- 1.7% -- --
- 5.0% 89 84 - 4.7%
--
Housing Affordability Index
Inventory of Homes for Sale
Months Supply of Inventory 3.4
$474,000 + 5.5%
59
94 89
63
-- -- --
2,923 2,872
3.5 + 1.9%
$501,500 + 5.8% $500,000
68
9,060 - 6.4%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2
New Listings 1,220 1,269 + 4.0% 13,491 13,635 + 1.1%
Closed Sales 856 825 - 3.6% 9,676
$527,375
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014

3. Condominium Market Overview
Key market metrics for the current month and year-to-date figures for Condominium Properties Only.
Key Metrics Historical Sparklines Oct-2013 Oct-2014 + / – YTD 2013 YTD 2014 + / –
- 5.2%
Median Sales Price $416,750 $414,000 - 0.7% $405,000 $430,000 + 6.2%
Closed Sales 764 799 + 4.6% 8,877 8,412
- 5.4%
Inventory of Homes for Sale 1,926 1,516 - 21.3% -- -- --
Housing Affordability Index 106 108 + 1.1% 109 104
--
Days on Market Until Sale 47 51 + 9.1% 53 53 + 0.8%
Months Supply of Inventory 2.5 1.9 - 24.7% -- --
+ 0.7%
Pending Sales 812 799 - 1.6% 9,429 8,818 - 6.5%
Percent of Original
List Price Received
98.8% 98.5% - 0.3% 98.9% 99.6%
- 7.0%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3
New Listings 1,010 1,008 - 0.2% 11,738 10,921
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014

4. Closed Sales
A count of the actual sales that have closed in a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Nov-2013 791 - 11.4% 711 - 5.8%
Dec-2013 900 + 10.6% 790 + 3.1%
Jan-2014 570 - 4.5% 526 + 2.3%
Feb-2014 408 - 4.0% 422 - 3.0%
Mar-2014 547 - 11.2% 647 + 3.0%
Apr-2014 677 - 11.7% 820 + 1.9%
May-2014 995 - 9.3% 940 - 12.0%
Jun-2014 1,420 - 4.1% 1,213 - 2.7%
Jul-2014 1,477 - 0.8% 1,139 - 9.0%
Aug-2014 1,287 - 9.9% 1,084 - 15.1%
Sep-2014 854 - 7.1% 822 - 7.3%
Oct-2014 825 - 3.6% 799 + 4.6%
Total 10,751 - 5.6% 9,913 - 4.7%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 4
774
711
856
764
825
799
Single-Family Condominium
October
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014
Historical Closed Sales Activity Single-Family Condominium
+4.6%+7.5%+10.6%
20142013 20142013
8,914
8,117
9,676
8,8779,060
8,412
Single-Family Condominium
Year to Date
-5.2%+9.4%+8.5%
20142013 20142013
-3.6% -6.4%
2012 2012 2012 2012

5. Median Sales Price
Median price point for all closed sales, not accounting for seller concessions, in a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Nov-2013 $480,000 + 6.7% $410,500 + 8.0%
Dec-2013 $500,000 + 6.4% $420,400 + 10.5%
Jan-2014 $488,288 + 13.6% $420,500 + 13.9%
Feb-2014 $476,950 + 10.9% $400,018 + 14.3%
Mar-2014 $500,000 + 16.3% $435,000 + 7.4%
Apr-2014 $524,500 + 9.3% $420,000 + 8.4%
May-2014 $535,000 + 7.0% $433,250 + 5.7%
Jun-2014 $576,000 + 5.7% $450,000 + 7.1%
Jul-2014 $550,900 + 3.4% $430,000 + 7.4%
Aug-2014 $539,900 + 3.8% $429,916 + 3.3%
Sep-2014 $488,425 - 2.8% $430,250 + 4.9%
Oct-2014 $501,500 + 5.8% $414,000 - 0.7%
Median $523,000 + 6.2% $427,000 + 6.7%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5
$435,000
$366,265
$474,000
$416,750
$501,500
$414,000
Single-Family Condominium
October
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
$550,000
$600,000
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014
Historical Median Sales Price Single-Family Condominium
-0.7%+13.8%+9.0%
20142013 20142013
$461,000
$379,000
$500,000
$405,000
$527,375
$430,000
Single-Family Condominium
Year to Date
+6.2%+6.9%+8.5%
20142013 20142013
+5.8% +5.5%
2012 2012 2012 2012

6. Housing Affordability Index
Single-Family
YoY
Change
Condominium
YoY
Change
Nov-2013 98 - 6.9% 114 - 8.1%
Dec-2013 90 - 11.6% 107 - 14.8%
Jan-2014 87 - 22.9% 101 - 23.1%
Feb-2014 90 - 18.1% 108 - 20.5%
Mar-2014 86 - 21.5% 99 - 15.0%
Apr-2014 82 - 18.3% 102 - 17.6%
May-2014 83 - 11.2% 102 - 10.1%
Jun-2014 77 - 5.0% 98 - 6.2%
Jul-2014 80 - 3.8% 102 - 7.3%
Aug-2014 82 - 2.5% 103 - 2.1%
Sep-2014 90 + 1.6% 102 - 5.9%
Oct-2014 89 - 5.0% 108 + 1.1%
Average 86 -10.4% 104 -10.8%
This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary
to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 6
108
128
94
106
89
108
Single-Family Condominium
October
50
60
70
80
90
100
110
120
130
140
Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014
Historical Housing Affordability Index Single-Family Condominium
+1.1%-17.0%-13.4%
102
124
89
109
84
104
Single-Family Condominium
Year to Date
-5.4%-11.7%-13.0%
20142013 20142013 20142013 20142013
-5.0% -4.7%
2012 2012 2012 2012

7. Inventory of Homes for Sale
The number of properties available for sale in active status at the end of a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Nov-2013 2,481 - 16.9% 1,625 - 19.1%
Dec-2013 1,931 - 16.0% 1,311 - 14.2%
Jan-2014 1,917 - 16.5% 1,318 - 17.0%
Feb-2014 2,054 - 14.5% 1,396 - 18.1%
Mar-2014 2,257 - 5.2% 1,478 - 15.0%
Apr-2014 2,701 - 2.7% 1,660 - 16.4%
May-2014 3,135 + 2.8% 1,818 - 12.8%
Jun-2014 3,169 + 4.1% 1,762 - 13.8%
Jul-2014 3,065 + 6.3% 1,672 - 11.2%
Aug-2014 2,898 + 4.5% 1,474 - 16.8%
Sep-2014 3,091 + 2.3% 1,595 - 19.9%
Oct-2014 2,872 - 1.7% 1,516 - 21.3%
Average 2,631 - 3.8% 1,552 - 16.3%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 7
3,479
2,326
2,923
1,926
2,872
1,516
Single-Family Condominium
October
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014
Historical Inventory of Homes for Sale Single-Family Condominium
-21.3%-17.2%-16.0%
20142013 20142013
-1.7%
2012 2012

8. Months Supply of Inventory
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
Single-Family
YoY
Change
Condominium
YoY
Change
Nov-2013 3.1 - 6.2% 2.3 - 14.1%
Dec-2013 2.1 - 24.0% 1.7 - 16.8%
Jan-2014 3.4 - 12.5% 2.5 - 18.8%
Feb-2014 5.0 - 11.0% 3.3 - 15.6%
Mar-2014 4.1 + 6.8% 2.3 - 17.5%
Apr-2014 4.0 + 10.2% 2.0 - 17.9%
May-2014 3.2 + 13.3% 1.9 - 0.9%
Jun-2014 2.2 + 8.5% 1.5 - 11.4%
Jul-2014 2.1 + 7.2% 1.5 - 2.3%
Aug-2014 2.3 + 16.0% 1.4 - 2.0%
Sep-2014 3.6 + 10.1% 1.9 - 13.6%
Oct-2014 3.5 + 1.9% 1.9 - 24.7%
Average 2.9 - 5.7% 1.8 - 18.6%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 8
4.5
3.33.4
2.5
3.5
1.9
Single-Family Condominium
October
0
2
4
6
8
10
12
14
16
Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014
Historical Months Supply of Inventory Single-Family Condominium
-24.7%-22.9%-24.0%
20142013 20142013
+1.9%
2012 2012

9. Days on Market Until Sale
Average number of days between when a property is listed and when an offer is accepted in a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Nov-2013 65 - 27.2% 51 - 33.6%
Dec-2013 70 - 28.0% 55 - 34.1%
Jan-2014 79 - 27.4% 63 - 28.9%
Feb-2014 89 - 19.8% 78 - 17.9%
Mar-2014 83 - 22.9% 65 - 8.4%
Apr-2014 81 - 12.3% 57 - 10.7%
May-2014 58 - 22.5% 49 - 5.0%
Jun-2014 54 - 3.8% 45 + 4.3%
Jul-2014 52 + 11.1% 49 + 28.1%
Aug-2014 55 + 14.6% 51 + 25.2%
Sep-2014 64 + 13.1% 52 + 5.8%
Oct-2014 66 + 13.3% 51 + 9.1%
Total 64 - 10.5% 51 - 4.9%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 9
88
83
59
47
66
51
Single-Family Condominium
October
30
50
70
90
110
130
150
170
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014
Historical Days on Market Until Sale Single-Family Condominium
+9.1%-43.9%-33.7%
99
88
68
53
63
53
Single-Family Condominium
Year to Date
+0.8%-39.6%-31.4%
20142013 20142013 20142013 20142013
+13.3% -6.5%
2012 2012 2012 2012

10. Percent of Original List Price Received
Single-Family
YoY
Change
Condominium
YoY
Change
Nov-2013 96.3% + 1.7% 98.9% + 2.8%
Dec-2013 95.9% + 1.8% 98.0% + 1.9%
Jan-2014 95.8% + 2.1% 97.4% + 1.6%
Feb-2014 96.1% + 2.0% 98.1% + 1.5%
Mar-2014 97.0% + 1.9% 98.8% + 1.3%
Apr-2014 98.0% + 1.4% 99.7% + 0.9%
May-2014 98.7% + 0.9% 100.9% + 1.4%
Jun-2014 99.2% + 0.7% 100.8% + 1.2%
Jul-2014 98.5% + 0.5% 100.1% + 0.2%
Aug-2014 98.1% + 0.2% 100.1% + 0.5%
Sep-2014 96.6% - 0.7% 99.1% + 0.2%
Oct-2014 96.5% - 0.7% 98.5% - 0.3%
Average 97.5% + 0.8% 99.5% + 0.9%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month,
not accounting for seller concessions.
94.3% 95.8%97.2% 98.8%96.5% 98.5%
Single-Family Condominium
October
89%
91%
93%
95%
97%
99%
101%
103%
105%
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014
Historical Percent of Original List Price Received Single-Family Condominium
-0.3%+3.1%+3.0%
94.3% 95.8%97.2% 98.9%97.8% 99.6%
Single-Family Condominium
Year to Date
+0.7%+3.3%+3.0%
20142013 20142013 20142013 20142013
-0.7% +0.6%
2012 2012 2012 2012

11. Pending Sales
A count of the properties in UAG status between the first and last day in a given month, regardless of current status (based on Off Market Date).
Single-Family
YoY
Change
Condominium
YoY
Change
Nov-2013 693 + 1.9% 628 + 6.1%
Dec-2013 466 - 7.0% 414 - 9.8%
Jan-2014 500 - 19.6% 596 - 9.1%
Feb-2014 647 - 7.6% 711 - 0.1%
Mar-2014 1,042 - 10.3% 997 - 14.2%
Apr-2014 1,242 - 9.8% 1,167 - 7.7%
May-2014 1,379 - 6.4% 1,080 - 14.0%
Jun-2014 1,285 + 0.5% 1,097 + 0.9%
Jul-2014 971 0.0% 876 - 7.5%
Aug-2014 805 - 9.1% 685 - 8.9%
Sep-2014 886 + 6.5% 810 + 3.7%
Oct-2014 1,022 + 9.5% 799 - 1.6%
Total 10,938 - 4.2% 9,860 - 5.9%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 11
868
790
933
812
1,022
799
Single-Family Condominium
October
200
400
600
800
1,000
1,200
1,400
1,600
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014
Historical Pending Sales Activity Single-Family Condominium
-1.6%+2.8%+7.5%
9,599
8,738
10,236
9,429
9,779
8,818
Single-Family Condominium
Year to Date
-6.5%+7.9%+6.6%
20142013 20142013 20142013 20142013
+9.5% -4.5%
2012 2012 2012 2012

12. New Listings
A count of the properties that have been newly listed on the market in a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Nov-2013 650 + 4.3% 553 + 0.2%
Dec-2013 396 + 13.1% 362 + 17.9%
Jan-2014 727 - 16.4% 742 - 17.7%
Feb-2014 926 - 5.9% 890 - 6.3%
Mar-2014 1,450 + 8.0% 1,215 - 9.5%
Apr-2014 1,876 - 5.9% 1,490 - 10.3%
May-2014 2,047 + 3.3% 1,414 - 7.7%
Jun-2014 1,663 + 10.6% 1,253 + 2.4%
Jul-2014 1,189 + 6.7% 998 + 0.3%
Aug-2014 986 - 4.2% 722 - 16.8%
Sep-2014 1,502 + 3.4% 1,189 - 5.1%
Oct-2014 1,269 + 4.0% 1,008 - 0.2%
Total 14,681 + 1.5% 11,836 - 6.0%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 12
1,026
862
1,220
1,010
1,269
1,008
Single-Family Condominium
October
0
250
500
750
1,000
1,250
1,500
1,750
2,000
2,250
2,500
2,750
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Jan-2014
Historical New Listing Activity Single-Family Condominium
-0.2%+17.2%+18.9%
13,266
11,346
13,491
11,738
13,635
10,921
Single-Family Condominium
Year to Date
-7.0%+3.5%+1.7%
20142013 20142013 20142013 20142013
+4.0% +1.1%
2012 2012 2012 2012

13. City of Boston – Market Overview
Key market metrics for the current month and year-to-date figures for the City of Boston.
Key Metrics Historical Sparklines Oct-2013 Oct-2014 + / – YTD 2013 YTD 2014 + / –
- 6.9%
Median Sales Price $460,750 $469,500 + 1.9% $435,000 $469,000 + 7.8%
Closed Sales 404 398 - 1.5% 4,846 4,511
- 4.7%
Inventory of Homes for Sale 1,065 851 - 20.1% -- -- --
Housing Affordability Index 94 89 - 5.0% 89 84
--
Days on Market Until Sale 43 46 + 8.6% 46 49 + 5.6%
Months Supply of Inventory 2.6 2.1 - 18.9% -- --
+ 0.7%
Pending Sales 454 444 - 2.2% 5,159 4,768 - 7.6%
Percent of Original
List Price Received
98.7% 98.7% + 0.0% 98.8% 99.4%
- 8.3%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 13
New Listings 599 572 - 4.5% 6,599 6,054
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014
10-2011 10-2012 10-2013 10-2014