Are Scarce Listings Driving Competition And Strong Home Price Growth In Boston? Boston Condos For Sale Ford Realty
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Are Scarce Listings Driving Competition And Strong Home Price Growth In Boston? Boston Condos For Sale Ford Realty
"Active listings in Greater Boston are down 4.3% year-over-year as of early April. New housing permits in Boston proper are reportedly 44% below 2021 levels, further exacerbating the supply cliff."
"The median single-family home price in Boston is approximately $857,000, reflecting a 1.4% increase from last year. In high-demand suburbs like Dover, the median price recently broke $1.7 million for the first time."
"Well-priced homes in Boston proper typically go under agreement in 20 to 32 days, while 'hot' properties often sell in under 15 days."
"Competition remains fierce, particularly for single-family homes. However, a slight 'thaw' is allowing more homes to reach a second weekend of showings, providing a small window for negotiation that hasn't existed in recent years."
As of April 2026, Greater Boston's housing market remains competitive due to low inventory, with active listings down 4.3% year-over-year. New housing permits are 44% below 2021 levels, worsening supply issues. The median single-family home price is approximately $857,000, reflecting a 1.4% increase. Well-priced homes sell quickly, often within 20 to 32 days. The condo market has seen a 10.5% decline in sales volume, with average prices around $1.1 million. Sellers benefit from favorable conditions, while buyers face fierce competition, although some opportunities for negotiation are emerging.
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