Boston Real Estate Inventory Doubles in Last 6 Months

https://blogs.umass.edu/kmfay/2022/06/30/boston-real-estate-inventory-doubles-in-last-6-months/ Boston’s real estate market has seen total inventory of listings increase by +123.46% since January 1, 2022. As interest rates have risen, the market has cooled and total sales have dipped by -3.07% in the first half of 2022. Home price growth has decelerated over the same time span, indicating that the Boston real estate market may be softening for buyers.

Comments

Post a Comment

Popular posts from this blog

5 Neighborhoods with the Lowest Rate of Available Boston Apartments

https://bostonpads.com/blog/boston-rental-market/5-neighborhoods-with-the-lowest-rate-of-available-boston-apartments/ Renters in the city of Boston are familiar with the difficulties of searching for Boston apartments, but inventory has reached even lower levels this year. In a previous article, we discussed the 5 neighborhoods with the most Boston apartments available. That is, with the highest Real-Time Availability Rates (RTAR) and therefore apartment options. The RTAR is a great way for future renters to plan as it allows them to know the availability of Boston apartments today or in several months’ time. However, you may still be having some trouble with your home search if you’re looking in certain parts of the city. Here are 5 Boston neighborhoods with the lowest RTAR, and where renters may be noticing they don’t have as many opportunities.
Read more

Lakeland FL Real Estate Market Outpacing Most Florida Metros

https://realtybiznews.com/lakeland-fl-real-estate-market-outpacing-most-florida-metros/98772759/ The Lakeland FL Real Estate Market recorded the 3rd highest YOY increase in median home price out of all US Metros in 2021. Lakeland’s 1-year median price growth of +29.29% was only exceeded by nearby Tampa (+29.69%) and Las Vegas (+37.67%). While it’s no secret that people are flocking to the Sunshine State in droves, it’s interesting to see that a relatively smaller Florida metro is recording some of the biggest housing market growth nationally. Here are 3 reasons why Lakeland is one of the best places to buy a home in Florida.
Read more

Boston Apartment Occupancy Hits All-Time High

https://canvas.becker.edu/eportfolios/219745/Home/Boston_Apartment_Occupancy_Hits_AllTime_High Apartment occupancy in Boston has reached an all-time high according to the latest rental market data from Boston PadsLinks to an external site.. The city’s current real-time vacancy rate (RTVR) is 0.38%, indicating that 99.62% of Boston apartmentsLinks to an external site. are currently occupied. The rental shortage is already putting upwards pressure on apartment prices. Boston’s average rent price surpassed its all-time high in May and is continuing to rise. Just a year ago, Boston’s rental market was reeling as a result of remote work and remote learning. The city’s rental supply soared to unprecedented levels while rent prices dropped for the first time in over a decade. How did the rental market in Boston experience such a dramatic shift from one year to the next? Let’s take a look at how we got here.
Read more