Boston Home Prices are 14% Higher Than Last Year
New data show sellers are slowly getting back into the market, as declines in newly listed homes improved over last week and the total inventory decrease stabilized for the fourth week in a row, according to Realtor.com’s Weekly Housing Report for the week ending Oct. 10. Despite the uptick in available listings, buyer competition remains at an all-time high: Homes sold a full two weeks faster and were listed for $38,000 more than this time last year.
In the Boston metro area, the median list price was up 14.5 percent year over year, inventory was down nearly 30 percent, and homes were selling 18 days faster than they were at this time last year.