Current Market Data

Boston homes selling faster than ever
Boston homes selling faster than ever

The pace of home sales has quickened this spring and it’s not just the highly sought-after entry-level home enjoying the brisk sales pace.

Half of homes sold above asking price last month, but some wonder if demand has peaked
Half of homes sold above asking price last month, but some wonder if demand has peaked

Housing records continue to be broken, but despite the strong numbers, data could indicate homebuyer demand is reaching a peak.

Rising home prices wipe out affordability gains brought on by low interest rates, higher income
Rising home prices wipe out affordability gains brought on by low interest rates, higher income

Higher income, backed up by lower mortgage rates, has expanded the reach of the average homebuyer, but an increased demand for homes has concurrently driven up prices, negating two of the three main factors in First American Financial Corp.’s Real House Price Index.  

Boston home sales, prices continue to soar
Boston home sales, prices continue to soar

The number of sales, as well as the price of single-family homes and condos, continued to rise in the Boston area last month. 

Massachusetts median home price tops $500,000 for first time ever
Massachusetts median home price tops $500,000 for first time ever

Massachusetts home and condo sales hit new records in April and for the first time, the median single-family home price surpassed $500,000.

RE/MAX: Recordbreaking median home sales price climbs again in April
RE/MAX: Recordbreaking median home sales price climbs again in April

The limited inventory that has plagued the housing market continued, although at an abated pace.

What are the best days to sell a home?
What are the best days to sell a home?

An analysis of 10 years of home sales found the spring and summer months offer the most gains for sellers, particularly the month of May.

Home equity grows nationwide in first quarter
Home equity grows nationwide in first quarter

Boston was the leader in the northeast region for the largest share of equity-rich homes.

Bidding wars on Boston home purchases continue to soar
Bidding wars on Boston home purchases continue to soar

These included 79.7% of the offers in Boston, a bump from the 74.8% rate this past March and leap from the 56.3% rate in April 2020.

NAHB: Builder confidence stays strong in May despite concerns about materials costs
NAHB: Builder confidence stays strong in May despite concerns about materials costs

Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.

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