The figures reflect a burgeoning split in the market, with buyers looking for more spacious and suburban homes, while condos, especially at higher price points, stay on the market longer. Inventory has fallen sharply, especially for single-family homes. Mezzanine Suite The Greater Boston Association of REALTORS® (GBAR) housing market data dashboard is an interactive platform which provides 24/7 customizable search and reporting capabilities for active inventory and sold properties in the detached single-family home, condominium, and multi-family housing markets. Learn about the Boston, MA housing market through trends and averages. Report: More Greater Boston homes are going for above the asking price Buying News In Greater Boston, the most-sought-after homes are in the lower-middle fifth of the market, between $369,887 and $481,647, according to a report released Thursday. Research Boston real estate market trends and find homes for sale.  Maintenance Contractors of New England  Sullivan Engineering “In this environment, we are not going to see a price correction or much softening even as the sales pace slows.”. As you can imagine, I’ve been giving this coronranvirus pandemic a lot thought on how it will impact my business, more importantly how it will impact the Boston real estate for sale market and Beacon Hill apartment rentals. 1 Bedroom Homes. Click here to view their Affiliate Spotlight Email, Three Center Plaza Do you want to know how the Massachusetts real estate market is doing? The median price for a single-family home sold in the region in June climbed 4.5 percent, to $679,075 — compared with the same month last year ― according to numbers out Wednesday from the Greater Boston Association of Realtors. Announcing the 2020 MAA Achievement Award Winners. Condo prices, however, dipped 4.4 percent to $592,500, for the same period. Send an Email.  Citron Hygiene There’s a lot going on in the Greater Boston real estate market right now: Interest rates are entrancingly low, the rental market is changing, and the … Boston Real Estate Market Reports The sales market in the Boston area is a bundle of uncertainties as 2020 starts Prices are down, inventory is shrinking, and … the Greater Boston real estate market. Listed Around: $500K. Inventory, long a challenge in the Greater Boston market, slumped this spring as people decided to stay put during the pandemic. New listings for single-family homes, GBAR said, climbed just 2.4 percent from last June, though condo listings are up 20 percent. As the year progresses, buyers in the Boston real estate market will see a greater supply of houses, condos and apartments for sale – a trend that is all but guaranteed to extend beyond 2017. Additionally, the median sales price reached a … Did you miss our December Newsletter? South Boston. Greater Boston’s housing market is starting to show the effects of the coronavirus pandemic, with single-family homes becoming ever-more expensive and scarce while the condominium market softens. The BOMA Affiliate Spotlight promotes the excellent service and valuable products of BOMA Boston's Affiliate members. Welcome to Crazytown, aka the Greater Boston real estate market Beth Teitell. This month’s market is the greater Boston area, a real estate market that has seen record breaking home sales and median prices throughout 2020. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. See Homes in Neighborhoods Near Boston, MA. States where the virus is growing the fastest right now. 2 Bedroom Homes. Click here to view their Affiliate Spotlight Email It is seen as a prime location with opportunities for both investors and tenants due to its positive market fundamentals and bourgeoning sectors, such as: biomedical, healthcare, education, technology, and finance. If you have lost your job or income due to the COVID-19 pandemic, the Department of Housing and Community Development has programs for low-income renters and homeowners that will help you with past due rent or mortgage payments, as well as future housing costs. Click here to view their Affiliate Spotlight Email 617-469-4040. Show full articles without "Continue Reading" button for {0} hours. 2020 BOMA Affiliate Spotlight Companies Research Overview . Any future real estate investor in the Boston housing market should have in mind that the expected rental income for both traditional rentals and Airbnb rentals is high. Welcome to Crazytown, a.k.a. Zillow has 2,018 homes for sale in Boston MA. Unless deals are expiration-driven, many tenants are taking a wait-and-see approach. Real estate agents and others who watch Boston’s housing market say they’ve seen more first-time buyers looking to move out of small city apartments into suburban homes during the pandemic, while two pillars of the downtown condo market — foreign buyers and empty-nesters looking to move from the suburbs — have grown more rare. Whether those prices will prompt would-be sellers to list their houses is unclear. The Boston, MA housing market is very competitive, scoring 74 out of 100. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. With over 50 years of experience, our team strives to make every transaction as personal and smooth as possible. Able Services See homes for sale. HETI  Article Courtesy of: Banker & Tradesman Massachusetts homebuyers will continue to face price escalation, predicts.The home listings website’s annual housing forecast predicts home prices in Greater Boston will grow 5.7 percent, while those in the Springfield area will rise 4.2 percent and those in and around Worcester will grow 4.5 percent compared to 2020. Coming soon: Up to $25,000 in down payment assistance for first-time buyers in Gateway Cities and Boston. Boston Massachusetts Real Estate Market information provided by the Greater Boston Realty Team LLC Massachusetts Real Estate agency. Listed Around: $799K. Click here to view their Affiliate Spotlight Email Are prices up or down? Boston Housing Market 2020 2019 was another exciting year for the Massachusetts economy and housing market and 2020 had started off very well. Boston’s market reflected markets in New York and Atlanta where prices rose and listings rose suddenly. View 2564 homes for sale in Boston, MA at a median listing price of $759,000. Boston's Real Estate Industry Sees Greater Predictability Under President-Elect Biden Many believe Boston’s commercial real estate industry will recover more quickly than previously expected Published November 11, 2020 • Updated on November 11, 2020 at 11:43 am Congratulations to the 2020 MAA Achievement Award Winners! Boston Real Estate Market Reports Now what for housing prices in the Boston area? “We continue to see strong upward pressure on prices, particularly in the starter home and mid-priced single-family markets where the imbalance between supply and demand is most extreme,” Gell said. These listings are updated daily from the MLS. At Greater Boston Realty we are dedicated and passionate about serving the real estate needs of all our buyer and seller clients. “Our challenge these past few months has not been a lack of buyers,” he said. “Although we lost much of the spring market, we think the summer months will be much busier than normal due to pent-up demand and a steady influx of new listings.”, Like us on Facebook to see similar stories, Coronavirus updates: Vaccine distribution has begun; FDA officials assure public that Pfizer vaccine is safe, Richard Branson’s Virgin Galactic aborts test in its third human spaceflight attempt. The BOMA Affiliate Spotlight promotes the excellent service and valuable products of BOMA Boston's Affiliate members. Can … Greater Boston house prices are up again amid the coronavirus pandemic. Boston, MA Real Estate Trends. See 350 Homes. September 2019 Greater Boston Real Estate Market Trends. My first thought/prediction Greater Boston Realty 2012 Centre St. Boston MA 02132. Since then, real estate agents have worked through some the complications of showing homes and closing deals in this era of social distancing, but sellers have only trickled back into the market.