Here's July 2013's Monthly Indicators report from the Greater Boston Association of Realtors. What's going on in the Boston real estate market? • July volume of closed sales (all property types) UP +17.2% over July, 2012 • July single-family market median sales price UP 4.5% over July, 2012 • July condo market median sales price UP 4% over July, 2012

1. Monthly IndicatorsA RESEARCH TOOL PROVIDED BY THE GREATER BOSTON ASSOCIATION OF REALTORS®
July 2013 Quick Facts
+ 16.1%
Year-Over-Year
(YoY) Change in
Closed Sales
Single-Family Only
It won't be long before the housing recovery is simply referred to as housing.
Institutional and cash buyers have effectively priced themselves out of the
market. During the downturn, much inventory was purchased by these groups.
Now that prices are rising, there's less incentive for these kinds of buyers, yet
affordability for consumers remains attractive.
New Listings in the Greater Boston region were up 13.9 percent for detached
+ 18.6%
Year-Over-Year
(YoY) Change in
Closed Sales
Condominium Only
+ 17.2%
Year-Over-Year
(YoY) Change in
Closed Sales
All Properties
2
3
4
5
6
7
8
9
10
11
12
13
Inventory of Homes for Sale
Click on desired metric to jump to that page.
Months Supply of Inventory
Days On Market Until Sale
Percent of Original List Price Received
City of Boston Overview
Pending Sales
New Listings
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of August 20, 2013. All data from MLS Property
Information Network, Inc. Provided by Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing.
homes and 11.3 percent for condominiums. Closed Sales increased 16.1
percent for detached homes and 18.6 percent for condominiums.
The Median Sales Price was up 4.5 percent to $533,000 for single-family
properties and 4.0 percent to $402,600 for condominiums. Months Supply of
Inventory decreased 43.5 percent for single-family units and 49.9 percent for
townhouse-condo units.
With mortgage rates slightly up but relatively low by historic standards, the Fed
has indicated no change in monetary policy based on a moderately-paced
economic expansion. Although the unemployment rate remains a factor to
watch, the housing recovery continues to plug along, helping the greater
economy with flourishing activity in sales and prices. Housing has made a
positive contribution to real GDP growth for 11 consecutive quarters.
Single-Family Market Overview
Condominium Market Overview
Closed Sales
Median Sales Price
Housing Affordability Index

2. Single-Family Market Overview
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
Key Metrics Historical Sparklines Jul-2012 Jul-2013 + / – YTD 2012 YTD 2013 + / –
6,539 + 5.9%Closed Sales 1,279 1,485 + 16.1% 6,173
$495,000 + 7.1%
102 92
3,988 2,615
$533,000 + 4.5% $462,000
Housing Affordability Index
Inventory of Homes for Sale
$510,000Median Sales Price
- 34.4% -- --
- 9.6% 111 98 - 11.4%
--
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2
New Listings 1,022 1,164 + 13.9% 10,245 10,130 - 1.1%
80 75
-- -- --1.8 - 43.5%
103
Months Supply of Inventory 3.1
Pending Sales + 9.8%7,911952 1,068 + 12.2% 7,208
94.2% 97.0%
- 27.4%
+ 2.9%
Percent of Original
List Price Received
Days on Market Until Sale
95.8%
- 41.8%
+ 2.4%
47
98.1%
7 2010 7 2011 7 2012 7 2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013

3. Condominium Market Overview
Key market metrics for the current month and year-to-date figures for Condominium Properties Only.
Key Metrics Historical Sparklines Jul-2012 Jul-2013 + / – YTD 2012 YTD 2013 + / –
- 9.9%
Inventory of Homes for Sale 2,849 1,693 - 40.6% -- -- --
Housing Affordability Index 131 120 - 9.0% 133 120
+ 8.3%
Median Sales Price $387,000 $402,600 + 4.0% $379,900 $400,000 + 5.3%
Closed Sales 1,042 1,236 + 18.6% 5,479 5,936
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
- 0.4%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3
New Listings 903 1,005 + 11.3% 8,777 8,746
+ 3.4%
Pending Sales 808 1,006 + 24.5% 6,529 7,267 + 11.3%
Percent of Original
List Price Received
96.6% 99.9% + 3.5% 95.5% 98.8%
--
Days on Market Until Sale 71 38 - 46.0% 91 57 - 37.5%
Months Supply of Inventory 2.7 1.4 - 49.9% -- --
7 2010 7 2011 7 2012 7 2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013

4. Closed Sales
A count of the actual sales that have closed in a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Aug-2012 1,300 + 26.1% 1,204 + 25.3%
Sep-2012 766 - 1.2% 753 + 16.4%
Oct-2012 792 + 28.8% 712 + 39.1%
Nov-2012 907 + 32.4% 760 + 35.0%
Dec-2012 824 + 11.8% 769 + 19.6%
Jan-2013 606 + 15.9% 516 + 25.2%
Feb-2013 431 - 7.1% 435 + 13.3%
Mar-2013 631 - 2.6% 629 + 3.6%
Apr-2013 778 + 4.7% 806 + 6.3%
May-2013 1,117 + 11.1% 1,071 + 5.8%
Jun-2013 1,491 - 1.3% 1,243 - 1.7%
Jul-2013 1,485 + 16.1% 1,236 + 18.6%
1,021
855
1,279
1,042
1,485
1,236
July
20132012 20132012
5,127
4,595
6,173
5,479
6,539
5,936
Year to Date
20132012 201320122011 2011 2011 2011
Total 11,128 + 11.1% 10,134 + 15.1%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 4
Single-Family Condominium
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Closed Sales Activity Single-Family Condominium
+18.6%+21.9%+25.3%
Single-Family Condominium
+8.3%+19.2%+20.4%+16.1% +5.9%

5. Median Sales Price
Median price point for all closed sales, not accounting for seller concessions, in a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Aug-2012 $490,000 - 1.8% $380,000 + 3.0%
Sep-2012 $430,475 - 4.3% $375,000 + 2.0%
Oct-2012 $430,250 + 10.3% $368,133 + 5.6%
Nov-2012 $447,500 + 5.9% $380,000 + 8.2%
Dec-2012 $470,000 + 6.8% $381,000 + 10.4%
Jan-2013 $430,000 + 6.2% $372,500 + 4.9%
Feb-2013 $429,900 + 8.8% $350,000 - 5.4%
Mar-2013 $430,000 + 3.7% $405,500 + 19.3%
Apr-2013 $476,500 + 13.9% $389,000 + 4.7%
May-2013 $499,900 + 7.5% $410,000 + 7.6%
Jun-2013 $542,000 + 7.9% $420,000 + 5.0%
Jul-2013 $533,000 + 4.5% $402,600 + 4.0%
$500,000
$364,000
$510,000
$387,000
$533,000
$402,600
July
20132012 20132012
$462,000
$359,900
$462,000
$379,900
$495,000
$400,000
Year to Date
20132012 201320122011 2011 2011 2011
Median $480,000 + 6.0% $390,000 + 5.4%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5
Single-Family Condominium
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
$550,000
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Median Sales Price Single-Family Condominium
+4.0%+6.3%+2.0%
Single-Family Condominium
+5.3%+5.6%0.0%+4.5% +7.1%

6. Housing Affordability Index
Single-Family
YoY
Change
Condominium
YoY
Change
Aug-2012 105 + 14.0% 133 + 9.0%
Sep-2012 121 + 17.2% 137 + 10.4%
Oct-2012 120 + 3.2% 139 + 7.3%
Nov-2012 117 + 6.7% 135 + 4.6%
Dec-2012 113 + 6.8% 136 + 3.6%
Jan-2013 125 + 3.7% 142 + 4.8%
Feb-2013 122 - 2.0% 146 + 11.2%
Mar-2013 121 + 3.4% 128 - 8.9%
Apr-2013 112 - 5.0% 135 + 2.6%
May-2013 104 - 5.0% 124 - 5.0%
Jun-2013 90 - 11.6% 114 - 9.2%
Jul-2013 92 - 9.6% 120 - 9.0%
This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary
to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
90
120
102
131
92
120
July
96
121
111
133
98
120
Year to Date
20132012 20132012 20132012 201320122011 2011 2011 2011
Average 112 +1.8% 133 +1.8%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 6
Single-Family Condominium
60
70
80
90
100
110
120
130
140
150
160
Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Housing Affordability Index Single-Family Condominium
-9.0%+9.5%+13.9%
Single-Family Condominium
-9.9%+10.1%+15.7%-9.6% -11.4%

7. Inventory of Homes for Sale
The number of properties available for sale in active status at the end of a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Aug-2012 3,750 - 25.8% 2,538 - 38.0%
Sep-2012 3,924 - 26.1% 2,636 - 36.9%
Oct-2012 3,642 - 28.2% 2,434 - 38.4%
Nov-2012 3,127 - 27.8% 2,104 - 39.2%
Dec-2012 2,405 - 31.2% 1,614 - 41.1%
Jan-2013 2,395 - 30.9% 1,670 - 41.1%
Feb-2013 2,510 - 32.9% 1,784 - 40.7%
Mar-2013 2,458 - 41.4% 1,808 - 46.5%
Apr-2013 2,819 - 36.6% 2,044 - 40.1%
May-2013 3,031 - 33.7% 2,086 - 37.0%
Jun-2013 2,929 - 32.2% 1,988 - 35.6%
Jul-2013 2,615 - 34.4% 1,693 - 40.6%
5,216
4,533
3,988
2,849
2,615
1,693
July
20132012 201320122011 2011
Average 2,967 - 31.5% 2,033 - 39.5%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 7
Single-Family Condominium
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Inventory of Homes for Sale Single-Family Condominium
-40.6%-37.1%-23.5% -34.4%

8. Months Supply of Inventory
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
Single-Family
YoY
Change
Condominium
YoY
Change
Aug-2012 2.9 - 41.1% 2.1 - 50.5%
Sep-2012 5.1 - 25.3% 3.5 - 45.8%
Oct-2012 4.6 - 44.3% 3.4 - 55.7%
Nov-2012 3.4 - 45.5% 2.8 - 55.0%
Dec-2012 2.9 - 38.5% 2.1 - 50.8%
Jan-2013 4.0 - 40.4% 3.2 - 52.9%
Feb-2013 5.8 - 27.7% 4.1 - 47.6%
Mar-2013 3.9 - 39.8% 2.9 - 48.4%
Apr-2013 3.6 - 39.4% 2.5 - 43.6%
May-2013 2.7 - 40.4% 1.9 - 40.5%
Jun-2013 2.0 - 31.3% 1.6 - 34.5%
Jul-2013 1.8 - 43.5% 1.4 - 49.9%
5.1
5.3
3.1
2.7
1.8
1.4
July
20132012 201320122011 2011
Average 3.3 - 41.2% 2.5 - 49.3%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 8
Single-Family Condominium
0
2
4
6
8
10
12
14
16
Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Months Supply of Inventory Single-Family Condominium
-49.9%-48.4%-39.0% -43.5%

9. Days on Market Until Sale
Average number of days between when a property is listed and when an offer is accepted in a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Aug-2012 87 - 5.7% 76 - 18.2%
Sep-2012 89 - 12.0% 85 - 18.1%
Oct-2012 90 - 17.4% 84 - 11.5%
Nov-2012 89 - 17.9% 77 - 29.9%
Dec-2012 97 - 12.4% 84 - 30.1%
Jan-2013 109 - 16.5% 88 - 29.5%
Feb-2013 111 - 17.2% 95 - 22.7%
Mar-2013 108 - 17.5% 72 - 39.0%
Apr-2013 94 - 22.1% 63 - 35.1%
May-2013 75 - 22.1% 51 - 40.6%
Jun-2013 56 - 37.3% 43 - 42.8%
Jul-2013 47 - 41.8% 38 - 46.0%
84
90
80
71
47
38
July
104 107103
91
75
57
Year to Date
20132012 20132012 20132012 201320122011 2011 2011 2011
Total 81 - 21.3% 63 - 29.0%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 9
Single-Family Condominium
30
50
70
90
110
130
150
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Days on Market Until Sale Single-Family Condominium
-46.0%-20.6%-3.9%
Single-Family Condominium
-37.5%-14.6%-0.9%-41.8% -27.4%

10. Percent of Original List Price Received
Single-Family
YoY
Change
Condominium
YoY
Change
Aug-2012 94.8% + 1.5% 96.3% + 2.2%
Sep-2012 94.6% + 1.5% 96.4% + 2.3%
Oct-2012 94.3% + 2.8% 95.9% + 2.4%
Nov-2012 94.6% + 2.4% 96.2% + 2.5%
Dec-2012 94.2% + 2.2% 96.2% + 3.4%
Jan-2013 93.8% + 3.7% 95.9% + 3.1%
Feb-2013 94.1% + 3.2% 96.6% + 3.5%
Mar-2013 95.2% + 2.4% 97.6% + 3.8%
Apr-2013 96.7% + 3.4% 98.8% + 3.3%
May-2013 97.8% + 2.6% 99.5% + 3.5%
Jun-2013 98.3% + 3.2% 99.7% + 3.5%
Jul-2013 98.1% + 2.4% 99.9% + 3.5%
Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month,
not accounting for seller concessions.
94.3% 94.9%95.8% 96.6%98.1% 99.9%
July
93.4% 94.1%94.2% 95.5%97.0% 98.8%
Year to Date
20132012 20132012 20132012 201320122011 2011 2011 2011
Average 96.0% + 2.5% 97.7% + 3.0%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Single-Family Condominium
89%
91%
93%
95%
97%
99%
101%
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Percent of Original List Price Received Single-Family Condominium
+3.5%+1.7%+1.6%
Single-Family Condominium
+3.4%+1.5%+0.9%+2.4% +2.9%

11. Pending Sales
A count of the properties in UAG status between the first and last day in a given month, regardless of current status (based on Off Market Date).
Single-Family
YoY
Change
Condominium
YoY
Change
Aug-2012 789 + 11.4% 734 + 19.9%
Sep-2012 874 + 28.7% 743 + 38.1%
Oct-2012 884 + 19.1% 794 + 34.3%
Nov-2012 694 + 13.0% 605 + 10.0%
Dec-2012 516 + 9.1% 463 + 11.6%
Jan-2013 637 + 4.1% 664 + 20.1%
Feb-2013 719 - 5.4% 720 - 3.7%
Mar-2013 1,201 + 4.1% 1,180 + 10.5%
Apr-2013 1,422 + 14.6% 1,290 + 10.3%
May-2013 1,536 + 18.4% 1,291 + 9.3%
Jun-2013 1,328 + 11.4% 1,116 + 11.5%
Jul-2013 1,068 + 12.2% 1,006 + 24.5%
758
707
952
808
1,068
1,006
July
5,889
5,253
7,208
6,529
7,911
7,267
Year to Date
20132012 20132012 20132012 201320122011 2011 2011 2011
Total 11,668 + 11.9% 10,606 + 14.8%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 11
Single-Family Condominium
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical Pending Sales Activity Single-Family Condominium
+24.5%+14.3%+25.6%
Single-Family Condominium
+11.3%+24.3%+22.4%+12.2% +9.8%

12. New Listings
A count of the properties that have been newly listed on the market in a given month.
Single-Family
YoY
Change
Condominium
YoY
Change
Aug-2012 1,001 - 8.7% 790 - 7.5%
Sep-2012 1,419 - 10.2% 1,153 - 9.6%
Oct-2012 1,079 - 4.5% 882 - 2.0%
Nov-2012 648 - 3.4% 561 - 10.4%
Dec-2012 366 - 19.0% 319 - 17.8%
Jan-2013 903 - 6.3% 916 - 4.0%
Feb-2013 1,029 - 22.0% 966 - 15.3%
Mar-2013 1,395 - 30.5% 1,367 - 21.5%
Apr-2013 2,052 + 14.1% 1,696 + 13.1%
May-2013 2,043 + 14.6% 1,546 + 11.5%
Jun-2013 1,544 + 14.3% 1,250 + 8.5%
Jul-2013 1,164 + 13.9% 1,005 + 11.3%
1,168
976
1,022
903
1,164
1,005
July
10,264
9,568
10,245
8,777
10,130
8,746
Year to Date
20132012 20132012 20132012 201320122011 2011 2011 2011
Total 14,643 - 3.5% 12,451 - 2.9%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 12
Single-Family Condominium
0
250
500
750
1,000
1,250
1,500
1,750
2,000
2,250
2,500
2,750
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Historical New Listing Activity Single-Family Condominium
+11.3%-7.5%-12.5%
Single-Family Condominium
-0.4%-8.3%-0.2%+13.9% -1.1%

13. City of Boston – Market Overview
Key market metrics for the current month and year-to-date figures for the City of Boston.
Key Metrics Historical Sparklines Jul-2012 Jul-2013 + / – YTD 2012 YTD 2013 + / –
- 11.4%
Inventory of Homes for Sale 1,482 904 - 39.0% -- -- --
Housing Affordability Index 102 92 - 9.6% 111 98
+ 2.4%
Median Sales Price $406,500 $440,000 + 8.2% $403,125 $430,500 + 6.8%
Closed Sales 582 682 + 17.2% 3,115 3,191
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
- 1.1%
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 13
New Listings 472 574 + 21.6% 4,967 4,910
+ 3.4%
Pending Sales 410 547 + 33.4% 3,657 3,987 + 9.0%
Percent of Original
List Price Received
96.6% 99.7% + 3.3% 95.4% 98.7%
--
Days on Market Until Sale 65 34 - 47.3% 89 49 - 44.7%
Months Supply of Inventory 2.5 1.3 - 47.9% -- --
7 2010 7 2011 7 2012 7 2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013