As the 2024 market really gets going, we have seen a massive increase of buyer activity all over Massachusetts at all price points.
Bear in mind that in the last 81 years, home prices have only increased 75 times. That means the market has only depreciated 6 times in 81 years—and 4 of those years were during the housing crisis that began in 2008.
All signs indicate a very strong 2024.
-
Inventory is low: Future new construction in the city is low (which is hard to believe after the last 10 years, but the Ritz-Carlton Residences at South Station is the only full-service luxury building currently under construction in the city).
-
Market Dynamics: Transactions were down by 25% in 2023, yet the average sales price increased by 17% in 2023.
If you are a buyer sitting on the sidelines, I would certainly not continue to wait. And if you are thinking of selling, now is the time to prepare.
Contact me today for new, off-market, and properties coming soon in:
-
Back Bay
-
Charlestown
-
North End
-
Waterfront
-
Fort Point
-
Seaport
-
Newton
-
Lexington
-
Midtown
-
South End
-
East Boston and more.
Whether you are buying, selling, or renting in the city or the suburbs and at all price points, my team and I have you covered! Contact me to get started.
