Q1 2023 Market Report by Gibson Sotheby's International Realty

2023 FIRST QUARTER

Market Insights

A L ET T ER FROM OUR ChiefExecutiveOfficer

No matter the market, one thing that stays steady is the expertise of our associates.

Throughout my more than 20-year career in the industry, I?ve learned that change in real estate is constant.

Gibson Sotheby?s International Realty was born in 2006, a time when the future of real estate was uncertain, and we grew to become the market leader in spite of that When the pandemic spread to alter nearly every facet of life, helping our clients safely live their best and fullest lives guided everything we did. Today? as interest rates climb and inventory is lacking? we face similar questions: Do we rise to the occasion? Or do we surrender to the challenge?

Our associates are always adapting, persevering, and providing crucial support and compassion to the thousands of people who need to make a move this year. That?s nothing new And in shifting markets, that?s one thing that will never change There has never been a better time to work with a trusted real estate professional,and we?re ready to guide you with the highest levels of experience,stability,and expertise

Colleen Barry, CEO

Gibson Sotheby's International Realty

Nicole Rideout Hartwick Chief Strategy Officer Gibson Sotheby?s International Realty

Family values and a culture of support are essential to our company ethos

REA D M ORE I N T H E J UN E I SSUE OF RI SM EDI A

Relationshipsareat theveryheart ofourbusiness.Theyalwayshave been,andtheyalwayswillbe.

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

62 Mount Vernon Street, Beacon Hill Source: MLSpin For the purpose of this report, core neighborhoods include Back Bay,Bay Village,Beacon Hill,Charlestown,Leather District,Midtown, North End,South Boston,South End,Theatre District,Waterfront and the West End

Q12023

31(-49% YOY)

Q12022 61

Q12023

$1,645,000 (-11% YOY)

Q12022

$1,843,750

Q12023

20 (-23% YOY)

Q12022

Boston

SINGLE FAM ILY

(-7% YOY)

59 L I ST I N GS TA K EN

Q12023 55

Q12022

M EDI A N DAYS ON M A RK ET

D L I ST I N GS

26 SOL

M EDI A N SA L E PRI CE

Boston

CONDOM INIUM S

L I ST I N GS TA K EN

Q12023

601(-26% YOY)

Q12022

812

M EDI A N DAYS ON M A RK ET

Q12023

55 (+8% YOY)

Q12022

M EDI A N SA L E PRI CE

Q12023

$1,028,500 (+12% YOY)

Q12022

$915,000

SOL D L I ST I N GS

Q12023

236 (-30% YOY)

Q12022

336

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

380 Beacon Street, Unit 1, Back Bay Source: MLSpin For the purpose of this report, core neighborhoods include Back Bay,Bay Village,Beacon Hill,Charlestown, Leather District,Midtown,North End,South Boston, South End,Theatre District,Waterfront and the West End

WhiteGlove

Gibson Sotheby?s International Realty?s White Glove program is designed to provide luxurious and comprehensive home preparation services with professional project management and no upfront costs. White Glove offers our clients value at every stage of the home selling or buying process with an exclusive suite of seamless services powered by Zoom Casa.

Curious to learn more? Contact us today.

LUX URY B EGI N S WI T H SERVI CE

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

7 Lincoln Lane, Cambridge Source: MLSpin

SINGLE FAM ILY

L I ST I N GS TA K EN

Q12023

50 (+39% YOY)

Q12022

M EDI A N DAYS ON M A RK ET

Q12023

47 (+135% YOY)

Q12022

M EDI A N SA L E PRI CE

Q12023

$1,837,000 (+25% YOY)

Q12022

$1,475,000

SOL D L I ST I N GS

Q12023

18 (-14% YOY)

Q12022

Cambridge

CONDOM INIUM S

L I ST I N GS TA K EN

Q12023

160 (-18% YOY)

Q12022

195

M EDI A N DAYS ON M A RK ET

Q12023

35 (+75% YOY)

Q12022

M EDI A N SA L E PRI CE

Q12023

$987,500 (+14% YOY)

Q12022

$865,000

SOL D L I ST I N GS

Q12023

84 (-12% YOY)

Q12022

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

23 Sunset Road, Unit 23, Cambridge Source: MLSpin

31Lantern Lane, Arlington

Source: MLSpin

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

SINGLE FAM ILY

Q12023

48 (-31% YOY)

Q12022

Q12023

14 (+56% YOY)

Q12022

M EDI A N SA L E PRI CE

Q12023

$1,190,000 (+8% YOY)

Q12022

$1,100,000

Q12023

33 (-25% YOY)

Q12022

70 L I ST I N GS TA K EN

M EDI A N DAYS ON M A RK ET

44 SOL D L I ST I N GS

Arlington

CONDOM INIUM S

L I ST I N GS TA K EN

Q12023

59 (-18% YOY)

Q12022

M EDI A N DAYS ON M A RK ET

Q12023

39 (+160% YOY)

Q12022

M EDI A N SA L E PRI CE

Q12023

$890,000 (+9% YOY)

Q12022

$815,000

SOL D L I ST I N GS

Q12023

53 (+29% YOY)

Q12022 41

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

87 Palmer Street, Unit 2, Arlington Source: MLSpin

RealScout

RealScout is the industry's #1collaborative home search app. Our clients rave about this innovative, mobile-friendly search tool! Want to try the future of the home buying search process? Contact our team to get started today.

FI N D A H OM E YOU LOVE WI T H

8 Saint James Court, Belmont

Source: MLSpin For the purpose of this report,Greater Boston includes Arlington, Belmont,Boston,Brookline, Burlington,Cambridge, Chelsea,Dedham,Everett, Medford,Milton, Newton,Revere,Somerville,Waltham,Watertown, Winchester,Winthrop, Woburn

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

SINGLE FAM ILY

Q12023

Q12022

875

Q12023

Q12022

Q12023

$850,000 (-1% YOY)

Q12022

$861,500

Q12023

428 (-24% YOY)

Q12022

562

767 (-12% YOY)

L I ST I N GS TA K EN

26 (+37% YOY)

EDI A N DAYS ON M A RK ET

19 M

SOL D L I ST I N GS

EDI A N SA L E PRI CE

GreaterBoston

CONDOM INIUM S

L I ST I N GS TA K EN

Q12023

1,012 (-13% YOY)

Q12022

1,164

M EDI A N DAYS ON M A RK ET

Q12023

37 (+68% YOY)

Q12022

M EDI A N SA L E PRI CE

Q12023

$760,000 (+7% YOY)

Q12022

$707,500

SOL D L I ST I N GS

Q12023

521(-26% YOY)

Q12022

700

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

266 Beacon Street, Unit 2, Somerville Source: MLSpin For the purpose of this report,Greater Boston includes Arlington,Belmont,Boston, Brookline,Burlington, Cambridge, Chelsea,Dedham,Everett, Medford,Milton, Newton,Revere,Somerville,Waltham,Watertown, Winchester,Winthrop, Woburn

24 Sylvan Lane, Weston

Source: MLSpin For the purpose of this report,MetroWest includes Ashland,Dover,Framingham,Holliston, Hopkinton, Medfield,Medway, Millis,Natick, Needham,Sherborn, Sudbury,Wellesley,Weston

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

MetroWest

SINGLE FAM ILY

L I ST I N GS TA K EN

Q12023

625 (-17% YOY)

Q12022

756

M EDI A N DAYS ON M A RK ET

Q12023

29 (+61% YOY)

Q12022

M EDI A N SA L E PRI CE

Q12023

$1,250,000 (+6% YOY)

Q12022

$1,180,000

SOL D L I ST I N GS

Q12023

316 (-20% YOY)

Q12022

396

NorthShore

SINGLE FAM ILY

L I ST I N GS TA K EN

Q12023

552 (-20% YOY)

Q12022

688

M EDI A N DAYS ON M A RK ET

Q12023

23 (+10% YOY)

Q12022

M EDI A N SA L E PRI CE

Q12023

$610,000 (+5% YOY)

Q12022

$583,850

SOL D L I ST I N GS

Q12023

410 (-16% YOY)

Q12022

488

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

19 Rackliffe Street, Gloucester Source: MLSpin For the purpose of this report,the North Shore includes Amesbury,Beverly,Boxford,Danvers,Essex,Georgetown, Gloucester,Groveland, Hamilton,Haverhill,Ipswich,Lynn,Lynnfield, Manchester,Marblehead,Merrimac,Middleton, Nahant, Newbury,Newburyport,Peabody, Rockport,Rowley,Salem, Salisbury,Saugus,Swampscott,Topsfield, Wenham, and West Newbury

18 Gannett Road, Scituate

Source: MLSpin For the purpose of this report,South Shore includes Abington,Braintree, Carver,Cohasset, Duxbury,Halifax,Hanover, Hanson,Hingham,Hull,Kingston,Marshfield,Norwell,Pembroke, Plymouth,Plympton,Rockland, Scituate,Weymouth, Whitman

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

SouthShore

SINGLE FAM ILY

L I ST I N GS TA K EN

Q12023

892 (-19% YOY)

Q12022

1,101

M EDI A N DAYS ON M A RK ET

Q12023

33 (0% YOY)

Q12022

M EDI A N SA L E PRI CE

Q12023

$597,000 (-3% YOY)

Q12022

$612,500

SOL D L I ST I N GS

Q12023

672 (-20% YOY)

Q12022

840

SouthCoast

SINGLE FAM ILY

L I ST I N GS TA K EN

Q12023

525 (-11% YOY)

Q12022

592

M EDI A N DAYS ON M A RK ET

Q12023

38 (+58% YOY)

Q12022 24

M EDI A N SA L E PRI CE

Q12023

$409,000 (+2% YOY)

Q12022

$400,000

SOL D L I ST I N GS

Q12023

403 (-18% YOY)

Q12022

490

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

Source: MLSpin For the purpose of this report,South Coast includes Acushnet, Berkley,Dartmouth,Fairhaven,Fall River,Freetown, Marion,Mattapoisett, New Bedford, Rochester,Somerset,Swansea,Wareham, and Westport

DI SCOVER T H E EASE OF

Deposit Link

DepositLink is a simple, secure and efficient way for real estate companies and escrow holders to collect earnest money deposits and commissions electronically through the ACH network.

DepositLink is a Game Changer

- With Same Day ACH,payments clear in less than 24 hours

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Security is Our #1Priority

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- Clients?contact information is NEVERshared

- Bank-level 256-bit key data encryption

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UpperCape

SINGLE FAM ILY

L I ST I N GS TA K EN

Q12023

229 (-6% YOY)

Q12022

305

AVERAGE DAYS ON M A RK ET

Q12023

50 (+61% YOY)

Q12022

M EDI A N SA L E PRI CE

Q12023

$699,500 (+11% YOY)

Q12022

$625,000

SOL D L I ST I N GS

Q12023

192 (-12% YOY)

Q12022

219

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

39 Shorewood Drive, Falmouth Source: CCIMLS For the purpose of this report,Upper Cape includes Bourne,Falmouth,Mashpee,Sandwich

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

43 Webster Road, Yarmouth Source: CCIMLS For the purpose of this report,Mid Cape includes Barnstable,Dennis,Yarmouth

MidCape

SINGLE FAM ILY

L I ST I N GS TA K EN

Q12023

229 (-27% YOY)

Q12022

314

AVERAGE DAYS ON M A RK ET

Q12023

46 (+48% YOY)

Q12022

M EDI A N SA L E PRI CE

Q12023

$570,000 (0% YOY)

Q12022

$570,000

SOL D L I ST I N GS

Q12023

202 (-29% YOY)

Q12022

285

LowerCape

SINGLE FAM ILY

L I ST I N GS TA K EN

Q12023 115 (+8% YOY)

Q12022 106

AVERAGE DAYS ON M A RK ET

Q12023

44 (+15% YOY)

Q12022 38

M EDI A N SA L E PRI CE

Q12023

$750,000 (-10% YOY)

Q12022

$835,000

SOL D L I ST I N GS

Q12023 97 (-14% YOY)

Q12022 113

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

7 Kenneth Lane, Orleans Source: CCIMLS For the purpose of this report,Lower Cape includes Brewster,Chatham, Harwich,Orleans

2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS

6 Center Street, Provincetown

Source: CCIMLS For the purpose of this report,Outer Cape includes Eastham,Wellfleet, Truro,Provincetown

OuterCape

SINGLE FAM ILY

L I ST I N GS TA K EN

Q12023

48 (+11% YOY)

Q12022

AVERAGE DAYS ON M A RK ET

Q12023 46 (+48% YOY)

Q12022

M EDI A N SA L E PRI CE

Q12023

$766,750 (-4% YOY)

Q12022

$800,000

SOL D L I ST I N GS

Q12023 44 (-10% YOY)

Q12022

Lookingformoreinsights?Contact ourteam.

Arlington

1010 Massachusetts Avenue

Arlington,MA 02476

781648 3500

Back Bay

277 Dartmouth Street

Boston,MA 02116

617.375.6900

Beacon Hill

66 Beacon Street Boston,MA 02108

857310 5628

Brewster

2404 Main Street

Brewster,MA 02631

508 896 5000

Cambridge

1008 Massachusetts Avenue

Cambridge,MA 02138

617945 9161

1762 Massachusetts Avenue Cambridge,MA 02140

617864 9779

Charlestown

20 City Square

Charlestown,MA 02129

617.242.4222

Chatham 409 Main Street

Chatham,MA 02633

508 945 0000

Cohasset

1South Main Street

Cohasset,MA 02025

781.383.8835

Dennis

563 Route 6A

Dennis,MA 02638

508 385 4944

Harwich Port

587 Route 28

Harwich Port,MA 02646

508 432 6100

Hingham

15 Shipyard Drive 1A

Hingham, MA 02043

781749 8833

Manchester-by-the-Sea

21Central Street

Manchester,MA 01944

987526 0243

Needham

936 Great Plain Avenue

Needham, MA 02492

781444 8383

Newburyport

19 Green Street

Newburyport,MA 01950

978 255 3569

North End | Waterfront

2 Baldwin Place

Boston,MA 02109

6172271000

Orleans

6 Route 6A

Orleans,MA 02653

508 255 6000

Provincetown

168 Commercial Street

Provincetown, MA 02657

508 4872430

Savin Hill

119 Savin Hill Avenue

Boston,MA 02125

617825 0800

South Boston

141Dorchester Avenue,#R102

Boston,MA 02127

617482 9200

South Dartmouth 384 Elm Street

South Dartmouth, MA 02748 781.749.8833

South End 556 Tremont Street

Boston,MA 02118

617426 6900

Sudbury

420A Boston Post Road

Sudbury,MA 01776

978 443 8484

Wellesley 54 Central Street

Wellesley,MA 02482

7812378181

Weston 544 Boston Post Road

Weston,MA 02493

781894 8282

Westwood 745 High Street

Westwood,MA 02090

781329 8008

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