Boston Real Estate Market Forecast
Boston’s real estate market is showing early signs of downturn following a decade of record breaking price growth. Boston real estate prices have more than doubled since 2012, and now in 2022 the city’s 1-year median sale price is $810K for single-family homes and $719K for condos. However, a price correction appears imminent due to rising interest rates and demand destruction.
Are Real Estate Prices Going Down in Boston?
As of July, real estate prices have not dropped in Boston. For single family homes, the 1-year median sale price in Boston is up +3.66% compared to January ($781K) and +7.29% since September of last year ($755K). For Boston condos, the 1-year median price has increased by +2.69% since January ($699K) and +5.71% since September.
Proud dad, husband, and Owner of ProSource Media. Zach is a golf pro, a self professed BBQ master, and an expert in SEM and digital strategy. He started ProSource Media in 2016, which has grown into a successful digital marketing agency with clients all over the United States.
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