"Boston's housing market experienced a remarkable surge in active listings during December, with a total of 960 homes available-an impressive 16.2% increase compared to the same period last year. This surge outpaced the national growth rate of 12.1%. Additionally, the number of newly listed homes in Boston soared by 19.2% year-over-year, reaching a total of 174. This robust influx of new listings contributed to the overall rise in inventory, suggesting a vibrant market teeming with possibilities."
"In December, Boston's median listing price underwent a notable adjustment, settling at $944,750. This represented a 13.3% decline from the previous year, a stark contrast to the national median listing price, which fell by only 0.6%. Despite this price adjustment, the share of price-reduced homes in Boston remained relatively low at 8.2%, down by 0.8 percentage points from last year, indicating that sellers maintained a strategic approach to pricing, balancing optimism with market realities."
"Homes in Boston spent an average of 76 days on the market in December, marking a slight improvement of 1.6% compared to the previous year. This trend contrasted with the national increase in median days on market by 5.0%. The steadiness in Boston's time on market reflected sustained buyer interest, even amidst the expanding inventory, offering reassurance to sellers of a responsive market."
Inventory in Boston rose to 960 active listings in December, a 16.2% year-over-year increase that outpaced national growth of 12.1%. Newly listed homes climbed 19.2% to 174, contributing to the inventory expansion. The median listing price adjusted to $944,750, a 13.3% decline from the prior year versus a 0.6% national decline. The share of price-reduced homes remained low at 8.2%, down 0.8 percentage points. Homes averaged 76 days on market, improving 1.6% year-over-year while national median days increased 5.0%. Increased supply and price adjustments created more buyer options amid a responsive market.
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