Closed sales began to cool for much of the country last month, and conventional wisdom indicates that year-over-year declines are going to be present for the remainder of the year, given the low inventory situation in most markets.

2015 ends with most closed sales in a December since 2004. Strong buyer activity, low inventory and low interest rates pushed prices up again on homes in. December. 2015 was a year of higher sales, very low inventory and prices back to pre-recession levels.

5 Braemore Road #9 is a fantastic one bedroom in Cleveland Circle. This apartment has been recently updated with new bathroom, kitchen and refinished floors throughout. Steps to the Chestnut Hill T stop on the B line and a short walk to the C and D line stops.

Heres July 2014s Monthly Multi-family Housing Activity Report from the Greater Boston Association of Realtors.

(Multi-family housing activity comparing July 2013 to July 2014)

Low interest rates and improving job market kept buyer demand high, but shortage of homes for sale resulted in a drop of closed sales in June 2014. Prices continued to move up because demand for available homes to buy outpaced supply.