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https://bostonpads.com/blog/buyer/featured-greater-boston-homes-that-could-be-yours/ Buying a home is one of life’s great milestones. Whether you’re looking to buy a single-family home, a condo, or a multi-family home for sale in Boston, the decision to purchase real estate is a big one. Keep in mind, while the price tag might be smaller on a condo or single-family, multi-family homes might cost you less out of pocket each month. If you’re not sure how you want to move forward in your property ownership journey, you need to talk to professionals. A mortgage specialist will be able to help you figure out how much you can afford to purchase. They can also guide you if there are any steps you need to take before you qualify for a mortgage. A real estate professional specializing in Boston rentals and investment sales will be your best resource if you are considering purchasing a multi-family. It’s important to work with someone that can help you accurately price your rental unit(s) to m...

https://butlerdispatch.com/boston-condo-market-report/ The red hot real estate market in Boston is finally cooling off as we head towards the end of 2022. After a decade-long period of record growth, soaring inflation and rising interest rates have effectively put a chokehold on demand for Boston real estate. Year-over-year total sales for all property types in Boston have been in the red for 10 consecutive months now, the longest span since 2010. Even more concerning is the fact that total sales have dropped by margins below -20% for the past 4 months, indicating the demand destruction is accelerating.

https://www.builtinboston.com/event/boston-real-estate-market-shows-signs-slowing/101007 Boston’s real estate market for condos notched a surprising spike in median sale price last month despite year-over-year sales being down by double digit margins. Boston’s median condo sale price in October jumped by +9.7% month-over-month, and is up +14.79% compared to October 2021. While the MLS data shows that prices are still up year-over-year, rising interest rates have already taken a toll on the demand for Boston condos and prices will likely begin to tumble soon.

https://www.realestatesign.ca/2022/09/30/august-real-estate-sales-down-38-year-over-year-in-boston/ Boston’s real estate market got chin-checked last month as total property sales in August dropped -38.26% compared to August 2021. Last month’s 476 real estate sales was the lowest total for August in the past 5 years and the largest year over year drop in monthly residential real estate deals over the same time span in Boston. Monthly property sales in Boston real estate have been trending below 2021 levels all year, with December 2021 being the last month where total sales were up year-over-year. Still, that figure never trended more than 25% below the previous year’s sales total until last month. Last month marked a sharp drop from the 771 property deals recorded in August 2021. It appears like the Federal Reserve’s rate hikes have finally put a chill on the Boston housing market, with news of their 4th rate hike of 2022 coming last month. Now with last week’s news of another r...

https://activerain.com/blogsview/5752504/condo-sales-dipped-by--43--last-month-in-boston?show_share=1 Boston’s market for condo sales looks to be eroding in the face of rising interest rates and inflation. Total condo sales in the city last month were 325, a sharp -43.48% drop compared to August 2021. Last month, the Fed raised interest rates for the 4th time in 2022 to try and control rampant inflation. It seems to have stifled demand for Boston real estate, as last month's total sales were the lowest for September in the last 5 years. We can expect to see more of the same as we head into Q4, typically the low season for Boston’s real estate market. This week’s news of another rate adjustment of +75 basis points will continue to squeeze smaller buyers out of the market. If the recession drags on and mass corporate layoffs ensue, we could see demand destruction on par or worse than what we experienced after the last housing market crash in 2009. With this in mind, it wi...

https://www.realestateinfo.us/realestate/most-affordable-neighborhoods-to-buy-real-estate-in-boston.html Prices for Boston real estate are still on the rise in 2022 despite a drop in property sales city-wide. The current median sale price for single-family homes in Boston is $816,353, a +7.31% increase compared to last September. Similarly the 1-year median sale price for Boston condos is $730,242, up 7.39% over the same time span. With prices like that, new home buyers may feel like they’re priced out of the market. However, there are still plenty of neighborhoods in Boston where you can find a home under $600K. We analyzed the last 12 months of MLS data of the 33 closest neighborhoods near Boston’s core to find the most affordable places to buy real estate in Boston. Here’s the list:

https://bostonpads.com/blog/boston-housing-market/top-5-most-expensive-neighborhoods-in-boston-in-2022/ Whether you buy a property or rent an apartment, the cost of living in Boston is high. Over the past decade, Boston has climbed up the list of the most expensive cities to live in the US. This trend has been fueled by steady population growth and a shortage of housing inventory, which has sent Boston’s average rent and home prices through the roof. Now, Boston’s average rent price is nearly as expensive as New York City or Silicon Valley. If you’re wondering where Boston’s most expensive places to live are, you came to the right place. This article will rank the top 5 most expensive neighborhoods in Boston to both rent an apartment and purchase real estate.

https://bostonpads.com/blog/boston-housing-market/boston-real-estate-market-mid-year-forecast-2022/ Boston’s real estate market has been one of the nation’s storylines over the past decade. The metro area has seen the housing market explode as the limited supply of real estate inventory just hasn’t been able to keep pace with growing demand. Now, Massachusetts holds the 5th highest median sale price among all 50 states, and Boston is not far behind San Francisco in terms of real estate prices. Many predicted that the red hot Boston real estate market would cool off in 2022 amidst record inflation, rising interest rates, and a recession looming. Half way through the year, it looks like those predictions may be turning into reality. Real estate sales have dipped slightly compared to the beginning of the year and inventory is up considerably from last year. However, Boston real estate prices are still rising thus far in 2022, albeit at a slower rate than last year.

https://bostonpads.com/blog/boston-rental-market/condos-vs-apartments-in-boston-with-similar-monthly-payments/ Boston apartment vacancy is lower than ever- 78.77% lower than it was just a year ago. In fact, the current real- time vacancy rate for the city of Boston is 0.38%. This means 99.62% of apartments in Boston are currently occupied! Additionally, the median days on market for available apartments is just 3 days– this doesn’t leave renters with a lot of time to make a decision once they do see a unit they like! On the other hand, while supply is also limited for buyers, renters with enough money in the bank for a downpayment and closing costs would do well to consider the home ownership route if they want more options. There are currently 1,219 condos for sale in Boston. Here are some examples of condos vs. apartments in Boston with similar monthly payments.

https://bostonpads.com/blog/boston-housing-market/featured-homes-for-sale-in-boston-under-600000/ With rental prices reaching record highs, and apartment occupancy reaching 99.53%, more renters are considering their housing options. Particularly, if a similar monthly payment toward a mortgage is within reach for them. Determine how much you can afford by using our mortgage calculator and take a look at some of our featured homes for sale in Boston under $600,000.

https://bostonpads.com/blog/boston-housing-market/condos-in-boston-neighborhoods-under-500000/ The number of Boston condos for sale is limited right now, especially below the $500,000 price point. That being said, there is usually a constant demand for Boston condos. Many are still receiving multiple offers within 24 hours of being listed. While we have seen a slight decline in Boston condos and single family home sales overall, both rising inflation and mortgage rates, as well as low inventory, are primary contributing factors. While the average price per square foot in Boston is $832 per SF, that varies across neighborhoods. For example, in the Seaport District, the average price per square foot of a condo is $1,596. In Downtown Boston, it is $1,157/SF and in Back Bay it’s $1,320. West Roxbury is one of the more affordable neighborhoods, at $444/ SF along with Roslindale at $466. It’s also worth mentioning that the price per square foot is typically lower for larger homes. This mea...