If you've been keeping an eye on the Greater Boston real estate market, you may have noticed a shift.
Greater Boston Housing Market at a Glance:
• Single-family inventory is up nearly 27% year-over-year
• Condo inventory is up nearly 37% year-over-year
• Average days on market have increased — 19 days for single-family homes and 23 days for condos (up nearly 20% year over year)!
Town-by-Town Inventory Snapshot
Back Bay: 24 single-family | 138 condos
Beacon Hill: 16 single-family | 72 condos
South End: 42 single-family | 121 condos
Cambridge: 38 single-family | 96 condos
Somerville: 27 single-family | 84 condos
Brookline: 31 single-family | 67 condos
Newton: 68 single-family | 52 condos
Arlington: 25 single-family | 18 condos
Belmont: 19 single-family | 11 condos
Medford: 34 single-family | 29 condos
Wellesley: 39 single-family | 15 condos
Lexington: 45 single-family | 8 condos
What Higher Inventory Means for Buyers
More inventory and longer days on market mean more choice and greater negotiating power. With potential interest rate cuts this fall, buyers may have a short window to secure a home before competition heats back up.
If you’ve been waiting for the right time to make a move, this could be it. Sellers are more negotiable, and you’ll find more options in your preferred price range and location.
How to Get a Custom Greater Boston Home List
Comment your neighborhood below or reach out directly, and we’ll send you a tailored list of available homes.
