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https://bostonpads.com/blog/boston-housing-market/2023-boston-sales-market-report/ Boston’s real estate market saw total property sales crater during the final quarter of 2022 amidst rising interest rates and a sluggish economy. The city’s 30 day median sales price took a nosedive in December as a result, dropping $67.5K compared to November 2022. With inflation still high, incoherent energy policies, tech layoffs and more rate hikes forthcoming; it appears like Boston’s real estate market maybe sliding towards a period of challenging times. Total Real Estate Sales in December Down 43% YOY In Boston Total sales for Boston real estate in December (347) marked a -43.76% drop compared to December 2022. Total sales for January 2022 fell ever further to 321. Even worse, Boston recorded 1,099 total real estate sales in MLS during Q4 2022 for all property types, which was the lowest Q4 total in the past 5 years. Without a doubt, the Fed raising interest rates 7 times last year put a damp...

https://www.thenewssources.com/boston-single-family-market-report/ Boston’s real estate market for single family homes took a big hit last month. Total single family sales in October were down by -14% year over year in Boston after the Fed raised interest rates in September by 0.75%. That was the third increase of 75 basis points in four months and 5th rate hike of 2022 up until that point. As a result, median sale prices for single family homes took a big hit in November and are trending downward. Boston Single Family Median Price Hits Lowest Point Since November 2021 Last month, Boston’s median sale price for single family homes was $759K. While still up +7.09% year over year, it was the lowest median sale price recorded for the City of Boston since October 2021. It was also a steep drop from the $943,013 single family median sale price recorded just a month earlier in September.

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://crazy1market.com/boston-multi-family-market-report/ Demand for multi family homes in Boston is eroding based on the most recent MLS data. Total 30 day sales of multi-family properties were down for the fourth month in a row in Boston. This drop in total sales occurred as economic conditions have worsened. Soaring inflation has prompted the Fed to raise interest rates 6 times thus far in 2022, effectively stifling demand for Boston real estate. The market for multi-family was not immune to this trend. Median sale prices for Boston multi-family properties have leveled off over the last 5 months after seeing record growth throughout the previous 10 years. For the first time since the last housing crisis, year-over-year median sale prices for multi-family properties hit negative margins in 3 of the past 6 months.

https://www.thenewssources.com/boston-single-family-market-report/ Boston’s real estate market for single family homes took a big hit last month. Total single family sales in October were down by -14% year over year in Boston after the Fed raised interest rates in September by 0.75%. That was the third increase of 75 basis points in four months and 5th rate hike of 2022 up until that point. As a result, median sale prices for single family homes took a big hit in November and are trending downward. Boston Single Family Median Price Hits Lowest Point Since November 2021 Last month, Boston’s median sale price for single family homes was $759K. While still up +7.09% year over year, it was the lowest median sale price recorded for the City of Boston since October 2021. It was also a steep drop from the $943,013 single family median sale price recorded just a month earlier in September.

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://bostonpads.com/blog/boston-housing-market/is-boston-good-for-real-estate/ The city of Boston has experienced record housing market growth over the past decade. Median sale prices have soared on account of a tight supply of for-sale properties and growing demand. In 2011, the median sale price for a single-family home in Boston was $375,000. Just 11 years later, that figure has more than doubled to $812,000. With such rapid price growth, you may be wondering if Boston is still a good place to purchase a home that will appreciate in value long-term? Boston is still a good place to buy real estate because the city’s long-term economic outlook is positive. Despite the current economic slump we’re experiencing, there are many reasons to believe that they are only temporary and Boston’s housing market will recover. Here are a few reasons why:

https://bostonpads.com/blog/boston-housing-market/is-boston-good-for-real-estate/ The city of Boston has experienced record housing market growth over the past decade. Median sale prices have soared on account of a tight supply of for-sale properties and growing demand. In 2011, the median sale price for a single-family home in Boston was $375,000. Just 11 years later, that figure has more than doubled to $812,000. With such rapid price growth, you may be wondering if Boston is still a good place to purchase a home that will appreciate in value long-term? Boston is still a good place to buy real estate because the city’s long-term economic outlook is positive. Despite the current economic slump we’re experiencing, there are many reasons to believe that they are only temporary and Boston’s housing market will recover. Here are a few reasons why:

https://businesssystemguide.com/boston-real-estate-mid-year-market-forecast-2022/ Boston’s real estate market is showing early signs of downturn following a decade of record breaking price growth. Boston real estate prices have more than doubled since 2012, and now in 2022 the city’s 1-year median sale price is $810K for single-family homes and $719K for condos. However, a price correction appears imminent due to rising interest rates and demand destruction. Are Real Estate Prices Going Down in Boston? As of July, real estate prices have not dropped in Boston. For single family homes, the 1-year median sale price in Boston is up +3.66% compared to January ($781K) and +7.29% since September of last year ($755K). For Boston condos, the 1-year median price has increased by +2.69% since January ($699K) and +5.71% since September.

https://canvas.emerson.edu/eportfolios/39662/Home/Bostons_Real_Estate_Market_Isnt_Done_Yet The Boston Metro’s median home price has shown some signs of decelerating since mid 2021. After a decade of record price growth, Greater Boston’s 1-year median sale price sits at $681K as per Zillow’s most recent data. That marks a 2.29% increase in median price compared to the previous year. Compare that to the 16.03% growth recorded in the previous year, it may appear that Boston’s real estate market is leveling off. While there are certainly signs that the market may be cooling, there’s plenty of evidence to suggest that Boston’s housing market growth will continue in 2022. VC Funding Flowing To Boston