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Despite the winter, March single-family homes sales closed essentially flat for from the same time last year however condo sales dipped. Median prices continued to go up as supply continues to be down.
Heres March 2015s Monthly Multi-family Housing Activity Report from the Greater Boston Association of Realtors.
(Multi-family housing activity comparing March 2015 to March 2014)
The impact of waiting a year to purchase metro Boston real estate is significant with regard to your monthly payment. The following chart shows how mortgage affordability is affected at various purchase price points.
February condo sales closed down by almost two percent compared to the year before. Median prices continued to go up as supply continues to be down. Sellers were waiting out Mother Nature to add their homes to the market keeping new listings down in February.
Heres February 2015s Monthly Multi-family Housing Activity Report from the Greater Boston Association of Realtors.
(Multi-family housing activity comparing February 2015 to February 2014)
What fuels Boston real estate values? The answer is the same thing that fuels the rest of us: coffee. In fact, the value of homes within a quarter-mile of a Starbucks rise faster than those that aren't, according to a recent Zillow study.
Only real estate professionals who are members of NATIONAL ASSOCIATION OF REALTORS® may call themselves REALTORS®. All REALTORS® must subscribe to NAR’s strict code of ethics, which is based on honesty, professionalism and the protection of the public.
