End of the year reports show equal supply and demand in the market, a lowering of prices in the high-end segment, and the bulk of sales occurring among homes priced up to $3M.
The decreased median and average sales prices citywide are due in large part to the correction of prices in the upper end of the market: 3+ bedroom prices have decreased over 19% since this time last year, while prices for studios, 1, and 2 bedroom homes have increased 4.1%, 4%, and 2.7% respectively. Please see my market update below for additional statistics and click here to read the full Town Residential Aggregate Report.
