Current Market Data

Boston ranks 5th priciest luxury market in the U.S.
Boston ranks 5th priciest luxury market in the U.S.

The flight of homeowners from large urban centers to the suburbs has unexpectedly begun to reshape residential real estate, but luxury property in large cities have also gotten a boost from the hot market.

Walkability now less important to Boston buyers
Walkability now less important to Boston buyers

“Much of what makes walkable neighborhoods so desirable and valuable has been diminished this year.” — Redfin chief economist Daryl Fairweather

Are condos the new bargain property?
Are condos the new bargain property?

A new Redfin report shows condos are selling for a record 17% discount to single-family homes as the coronavirus fuels demand for space.

Remote workers could continue to drive the post-pandemic market
Remote workers could continue to drive the post-pandemic market

A new report from Homes.com shows that prospective homebuyers are still waiting to see if they will work from home permanently.

Here’s how long it takes for buyers to save for a down payment in Boston
Here’s how long it takes for buyers to save for a down payment in Boston

It takes Boston homebuyers 9.74 years to meet the minimum threshold of 20%, or $153,980, to qualify for a mortgage.

Housing demand likely to stay high for years, according to new study
Housing demand likely to stay high for years, according to new study

There are 5.7 million “missing” households since the Great Recession, a fact likely to boost housing demand for at least the next several years.

Pending home sales down slightly as home prices continue to rise
Pending home sales down slightly as home prices continue to rise

Nationally, contract signings are up 20.2% compared to a year ago, but industry insiders say high prices are beginning to affect sales.

GBAR: ‘Now could be the time to buy a downtown condo’
GBAR: ‘Now could be the time to buy a downtown condo’

“In fact, we may be looking at one of the best buying opportunities in Boston since the last recession.” — GBAR President Jason Gell

Despite economic uncertainty, home price gains soar to 7%
Despite economic uncertainty, home price gains soar to 7%

Despite continued economic uncertainty from COVID-19, housing markets continue their upward projectory.

Housing market rebound sets stage for 2021
Housing market rebound sets stage for 2021

The boost from loosening credit, along with rising house-buying power, equity and household formation, was strong enough to overcome the negative impact on housing market potential from the increase in tenure length so far in 2020, says Chief Economist Mark Fleming.

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