Real Estate News

The latest news about the residential real estate market in Boston and the surrounding areas

Optimistic Outlook for 2017

While we have been settling into the first few days of 2017, the residential real estate market has hit the ground running. Housing market trends throughout the Boston area show a 3% rise each year in median sales prices and a 2% rise in median rent per month. With the rents down from previous years, it looks like 2017 will be a profitable and exciting time to move to a new home. Over the past six months, rising home prices in the Boston area have acted as a catalyst to improve the buying power of people selling their homes, allowing sellers to stretch their money further when they look to purchase a new home.

This urgency to buy and sell is indicative of a strong economy in a great city. As the home to multiple top-notch universities and thriving companies, Boston and the surrounding areas benefit from a community and a culture that prides itself on ingenuity and innovation. The current confidence demonstrated by buyers and sellers has boosted the outlook for a strong residential real estate market in 2017.

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