Back To Blog

Local Market Update for Boston, MA

tech <span style="color: rgb(51, 51, 51); font-family: Georgia, 'Times New Roman', 'Bitstream Charter', Times, serif; font-size: 16px; line-height: 24px;"> Between January 2014 and January 2015, Real Estate in Boston </span> <p style="color: rgb(51, 51, 51); font-family: Georgia, 'Times New Roman', 'Bitstream Charter', Times, serif; font-size: 16px; line-height: 24px;"> seems to be average. For single-family properties, there has been a nice increase of 14.3% in closed sales. The average price of home has also increased, if only by a mere 3.4%. Unfortunately, properties have stayed on the market an extra 19.9% and theres been a 19.7% decrease in new listings of single-family properties.</p> <p style="color: rgb(51, 51, 51); font-family: Georgia, 'Times New Roman', 'Bitstream Charter', Times, serif; font-size: 16px; line-height: 24px;"> Condominium sales in Boston have decreased by 23.7% while the average sales price has increased by 3.7%. Condos in Boston have been on the market for a shorter period with a decrease of 10.7%. New listings of condos have also decreased by 5.9%.</p> <p style="color: rgb(51, 51, 51); font-family: Georgia, 'Times New Roman', 'Bitstream Charter', Times, serif; font-size: 16px; line-height: 24px; margin-left: 160px;"> <a href="http://www.gbreb.com/gbar/housingreports/01.January2015/Boston.pdf"> <img alt="" class="featured featured featured" src="https://s3.amazonaws.com/files.usmre.com/6217/blog/Boston%201-15.jpg" style="width: 500px; height: 647px;"></a></p> <p style="color: rgb(51, 51, 51); font-family: Georgia, 'Times New Roman', 'Bitstream Charter', Times, serif; font-size: 16px; line-height: 24px;"> As you can see in the graphs above, Boston's change in average sales price is concurrent with all MLS.</p>