A lack of inventory and the upheaval of the COVID-19 pandemic created an unusual year for Boston’s real estate market, but according to a forecast for 2021, the next year will bring a return to normalcy. These 12 sites provide prospective tenants with ways to filter one of the most competitive and expensive rental markets in the United States. [Report] Boston Ranked #2 Hottest Housing Market in May A recent publication by realtor.com ranked U.S. city housing markets on a "hotness" scale - taking into account housing market … Decluttering a lot more lately? Winthrop, MA 02152. Redfin’s real estate professionals consider Boston to be a very competitive housing market and report that typically homes for sale receive multiple offers from buyers in … “Boston is the star performer,” commercial real estate firm CBRE said in a report. Call it a correction or a rebalancing then—a trend borne out by months of data as of January. These include everything from Norman Rockwell to a staple of the Gilded Age to a murder mystery dinner. But that doesn’t mean Boston’s red-hot real estate industry will slow down anytime soon. More cautious prospective buyers and shrinking inventory? We invest considerable resources in developing The Warren Report because we feel it is a vital tool for our clients. 2020 Somerville Apartment Rental Market Report; The Boston Real Estate Outlook in a Nutshell; How to Overcome Covid Challenges When Renting Apartments in Boston; Current Boston Housing Market; 10 Best Price Reduced Apartments in Greater Boston This Week; The Future of Real Estate New stats for March show steep drops in the supply of available homes. Condo sales were down 8.8 percent compared with November 2018 and 9.7 percent year to date. By looking at current and historical conditions, readers are able to better understand and educate themselves. That hasn’t changed much. Make no mistake: The Boston area remains one of the most expensive places nationwide to buy a home; and the spring market—traditionally the busiest of the year for home trades—might thaw the uncertainty. The amount of homes sold above listing price continues to rise, going well beyond the typical midsummer peak. Ledge & Young Real Estate. Boston Real Estate News. Produced quarterly, the report gives consumers and other interested parties the information they need to make an informed purchase, sale, and investment decisions in the marketplace. Massachusetts housing inventory tanks amid coronavirus, Big condo price gains to start 2020 in downtown Boston, Coronavirus and condo sales: What’s going on in Boston, Downtown Boston prices reach what’s probably a peak, Renting vs. buying in the Boston area during coronavirus. Brokers have ascribed the drops in sales—despite the drops in prices—to a psychological shift in the marketplace. Now what for housing prices in the Boston area? Sales of both single-families and condos dropped in November compared with the same month in 2018: 16 percent in the case of single-families and 6.8 percent in the case of condos. Where to donate home goods in the Boston area. Check and check. buying at over the asking price was par for the course, dropped in November compared with the same month in 2018, barely budged in November compared with last year, has been even more pronounced in Boston proper, were down 1.9 percent year to date in November, borne out by months of data as of January, fell in Boston by nearly 25 percent year over year in 2019. Sellinboston.com. A slowing construction pace is not going to do much to help. Days on Market (Boston condos, single family, all price ranges) YTD November 6: The average number of days between the time a property enters the market and when it gets an accepted offer. Cushman & Wakefield has earned its role as an industry leader by providing strategic, innovative and unparalleled real estate solutions in Boston and around the globe. Transwestern's market research team produces real estate market reports every month which highlight the health of the commercial real estate market. There is another reason, also a bit psychological. Research Overview . More sellers are sitting on the sidelines, waiting to see where the market goes. “Having been involved in the Boston real estate market for a long time, I have come to learn the importance of having timely and updated information. The median sales price grew 4.2% to $379,000 from last February. Phone: 781-239-8233, info@bostoncommercialproperties.com Prices are down, inventory is shrinking, and both buyers and sellers seem uncertain about what the year will bring. June 29, 2020 5:00 am. 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