2024 Residential Market Report – Greater Boston & Beyond

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Advisors Living is proud to present our comprehensive 2024 Residential Market Report, offering key insights into the Greater Boston housing market and surrounding suburbs.

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Key Takeaways from 2024:

• The lowest number of home sales in 30 years, highlighting a challenging market.

• Single-family home prices have surged 55% since 2019 due to high demand and limited inventory.

• Boston condominium prices have increased 17% since 2019, reflecting the impact of shifting market trends.

 

Looking Ahead to 2025:

 

Despite the challenges of 2024, optimism is growing for the year ahead:
✔️ Housing inventory is gradually increasing.
✔️ Mortgage rates are expected to stabilize around 6%.
✔️ Experts predict a 10% rise in home sales and a 2-4% increase in sale prices.

 

The real estate landscape is evolving, and staying informed is key. Download the full report to get a deeper understanding of market trends and opportunities.

 

Contact us today to learn more!