ProSource Media

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.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: