Boston Housing Market Trends and Forecast for 2024
Discover the latest trends and forecast for Boston’s housing market in 2024, including prices, inventory, and more. Click for insights.
The Boston housing market is experiencing a shift towards a more balanced state
The Boston housing market is experiencing a shift towards a more balanced state, with increased buyer activity and a decrease in mortgage rates. Single-family home sales have declined, while condominium sales have remained relatively stable. Inventory levels have improved, providing some relief to the pressure on prices. Despite the seller’s market conditions, buyers are cautiously returning to the market.
Rental market in Boston is strong
The rental market in Boston is strong, with high demand and increasing rents in certain areas. Real estate investment in Boston is promising, with strong demand and limited inventory driving property appreciation. Factors such as a strong job market, attractive to millennials, and limited space for development contribute to the city’s real estate appeal. Rental properties, including Airbnb rentals, are in high demand and offer significant income potential for investors.
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