What buyers and sellers need to know about the Boston housing market.
Today, I’m here to share some information about the Boston real estate market. The market trends for 2023 are very unique, so it’s important to stay caught up.
First, know that single-family home sales have fallen for the eighth month in a row, decreasing by 33.8%, down to 500 homes. The sales volume also reflects this trend, with a 44.8% decrease. Same with condominium sales, which are down 24%, from 728 last year around this time to 553 this year. Another important statistic to pay attention to is the list-to-sales-price ratio, which is at 96.6%. Plus, active listings have increased recently, climbing 55.5% to 925 listings last month. Lastly, you should know that buyers are returning to the market. This is because inventory levels are expected to improve soon, and rates are set to decrease, so people are eager to get into the spring market. If you have questions about any of this or have concerns about the market, don’t hesitate to reach out. You can call me anytime at (978) 256-3306 or visit my website by clicking here. I hope to hear from you soon!
