Boston Market Update
Prior to the COVID-19 pandemic, the Boston real estate market was experiencing high demand and limited supply, which led to rising home prices and a competitive market for buyers. The pandemic had a significant impact on the market, causing a slowdown in sales and a decrease in demand, but the market has since rebounded and is showing signs of recovery.
According to data from Zillow, the median home value in Boston as of September 2021 is $715,000, which represents a 7.6% increase from the previous year. Home values in Boston have been steadily rising over the past few years, and this trend is expected to continue in the future.
The Boston real estate market remains highly competitive, with many buyers vying for limited inventory. As a result, homes are often selling quickly and for prices above the asking price. Overall, the Boston real estate market remains a strong and desirable market for both buyers and sellers, with high demand and rising home values.