Quincy MA Real Estate Market Report - 2010- Q1

The Quincy MA real estate market has stabilized and most likely found a bottom in the first quarter of 2009. The average home selling prices in 2009 were $330,028 and the annual report can be viewed at Quincy MA Real Estate 2009 Annual Report. The first quarter of 2010 reports an average selling price at $330,893. In 2009, the average selling price for a Quincy condominium was $249,086. The first quarter average reports $268,845 which was a substantial increase over values in 2009 Q1 and is approaching values obtained in 2007.

There were 75 homes sold in Quincy in 2010 Q1 which is a 25% increase over 2009.  Sales activity is approaching 2007 activity.  Average selling prices increased 4% and the median price increased 8%.  The value range was between $150,000 and $510,000. The peak value was obtained in 2007 and was reported at $348,815.  If the trend continues in the second quarter, then market indicators will report a bottom for values in 2009.  The days on market was 90 days and the sales price to list ratio was 96 days.

Quincy condominium activity increased from 47 units sold in 2009 to 55 in 2010.  The average sales price jumped substantially from $220,896 to $268,845.  This average price is also much higher than the 2009 yearly average of $249,086.  The median price also reports a significant increase of 12% from $205,000 to $229,000.  The days on market increased slightly from 137 to 140 days and the sales price to list ratio was at 96%. 

Information in this report was compiled by Virtual Homes Real Estate from information obtained from the Massachusetts MLS (MLSPin).  This information is not guaranteed to be accurate.