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Strong Condo Market Drives Home Prices in Boston

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Asking prices once again showed positive movement in September, according to new stats from Trulia.

A strong condo market propelled Boston’s housing market to another month of positive asking-price increases in September, according to the latest Price Monitor by Trulia.

For the month, asking prices were up 4.5 percent year-over-year and 0.7 percent quarter-over-quarter, with rents rising 4.4 percent from last year. The key differentiator is property type – though single-family homes in Boston saw asking prices rise 2.4 percent, condo asking prices rose 9.6 percent, yet another sign that multifamily housing continues to drive the housing recovery.

Interested in how Boston compares with the rest of the nation? Check out our graphic below:

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