Tag Archives: Roe Colletti

Real Estate Report: 2021 Cooled Slightly, But Still Hot

The residential housing market cooled somewhat in 2021, compared to the year before.

But it was still hot, by historical standards.

Data provided by Roe Colletti of Brown Harris Stevens show that there were 558 house closings last year. That’s 13% lower than 2020 — but still the 2nd-highest figure in the past 2 decades.

The average number of days on market last year — 77 — was 55% shorter than in ’20.

Houses sold for an average of 101% of the list price in 2021. That was the first time over 100% in at least 2 decades.

The average closing price of $1,835,224 was 15% higher last year than in 2020 ($1,595,840).

On January 1, there were 90 active houses on the market. That’s 24% fewer than the 119 the same time a year ago.

Condo sales were steady: 49 closings both years. The average closing price of a condo rose 24%, however, from $595,426 to $729,624.

Click here for the full report.

This 5-bedroom, 6 1/2-bathroom house at 11 Bluewater Hill could be yours for $12 million.