This ViewPoint utilizes the latest observations, analysis and market intelligence from CBRE’s senior capital markets leaders in the U.S., Europe and Asia Pacific to paint a detailed on-the-ground picture of current real estate investment market appetite, activity … Like all segments of the real estate market, Class B in Boston felt the effects of the COVID-19 pandemic. Winthrop, MA 02152. There were about two and a half months’ worth of supply of both condos and single-families in the region as of December—down precipitously from the same period in 2018, when there were enough available homes to satisfy around five months of demand. There is another reason, also a bit psychological. He has completed over 6 … 2020 Somerville Apartment Rental Market Report; The Boston Real Estate Outlook in a Nutshell; How to Overcome Covid Challenges When Renting Apartments in Boston; Current Boston Housing Market; 10 Best Price Reduced Apartments in Greater Boston This Week; The Future of Real Estate Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels. Our quarterly Market Report breaks down each Greater Boston real estate submarket to provide you the latest transaction, vacancy and rent data, as well as trends and predictions that can save your company time and money when making real estate decisions. Q3 2020: Greater Boston Market Report. Prices are down, inventory is shrinking, and both buyers and sellers seem uncertain about what the year will bring. Days on Market (Boston condos, single family, all price ranges) YTD November 6: The average number of days between the time a property enters the market and when it gets an accepted offer. The median sales price grew 4.2% to $379,000 from last February. “Having been involved in the Boston real estate market for a long time, I have come to learn the importance of having timely and updated information. At the same time—and not surprisingly—the numbers of both new listings and the inventory in general of available homes for sale have been dropping as have sales themselves. Learn more about our local markets and property types by clicking our most recent Boston-Southern New Hampshire MarketBeat reports below. Sellinboston.com. As 2020 dawns, prices are moderating and the pace of new construction is slowing. Led by Tucker White, our research team monitors trends and statistics on a local, regional, and national level, providing valuable insights and projections for our clients. The median condo price was basically the same as last November, at $563,000, and the median single-family was up a mere 2.3 percent, to $599,900. Monthly Housing Market Data As part of our effort to monitor housing market activity in metropolitan Boston, GBAR compiles a monthly data report which provides insight into the current performance and longer-term trends within the residential (detached single-family home and condo) and multi-family housing markets in the GBAR jurisdiction. Blog; Greater Boston Real Estate Blog. Statewide, house sales fell 1% last month, and that was down 7% from last year. Home. As the global economy grapples with the COVID-19 pandemic, the city of Boston, and along with it the commercial real estate market, has ground to a halt. 2020 Q1 Market Viewpoint Report Boston Colliers Download Report. Back Bay condominiums going under agreement (MLS-PIN) … The all-time high in the Boston Home Price Index was 310.7 in the 3rd Quarter, of 2018. The dashboard is a powerful, new resource for REALTORS® that enables … buying at over the asking price was par for the course, dropped in November compared with the same month in 2018, barely budged in November compared with last year, has been even more pronounced in Boston proper, were down 1.9 percent year to date in November, borne out by months of data as of January, fell in Boston by nearly 25 percent year over year in 2019. But that doesn’t mean Boston’s red-hot real estate industry will slow down anytime soon. ... Have a Question or Want a Free Market Report? By looking at current and historical conditions, readers are able to better understand and educate themselves. The same figures—which tracked closed deals in 64 Boston-area municipalities—also showed the numbers of new active listings for condos and single-families were down too in November, and the inventories of available single-families and condos were each static. 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