More than 60 towns and urban neighborhoods have already blown past previous price peaks set in 2005 at the height of the housing bubble, the story notes, citing stats from The Warren Group.And who's leading the price charge? Well, if you haven't already guessed it, it is the usual suspects, "desirable Boston neighborhoods and close-in cities and towns such as Arlington, Brookline, Cambridge, and Newton," Fitzgerald writes.
Here's a quote from a frustrated buyer interviewed in the piece.
"I always expected high prices," said Rich Garfield, 31, a software engineer now renting in Somerville's Davis Square, "but our agent told us right off the bat that everything we looked at would go higher than the asking price, and that's exactly what has happened."
Photo courtesy of Jay Fitzgerald