Greater Boston MultiFamily Market Update

[Ian Hogan]

Greater Boston has come a long way since the decline of the market from the initial effect of COVID. Sale price vs List Price indicates that, on average, properties are selling slightly over asking price. Greater Boston saw significantly negative numbers since COVID caused a short exodus. Market Inventory does not see much fluctuation even with the annual trends of the real estate market. That being said, this data combines several key areas around Boston proper to provide statistically relevant data; it is less likely for big swings from individual towns. Sales have been warming up since the start of the year with a low start in January (relative to the Listings!). Market supply remains healthy, hovering around 1.5 months of supply if no additional inventory was added.