Here is a brief overview of the Seaport real estate market from the first quarter of 2024:
Market Snapshot:
Days on Market: Properties are taking longer to sell, with an average of 150 days on market, a significant increase from previous quarters.
Average Sales Price: The average sales price has decreased to $2,134,542, which marks a 29% drop from the peak in 2023.
Price Per Square Foot: The average price per square foot now stands at $1,591, showing a 19% decrease year-over-year.
Takeaway
These statistics suggest a cooling market in Seaport, with properties staying on the market longer and selling for less. This could be a great opportunity for buyers searching in Seaport.
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