"It's been over a decade since I've been willing to say it's both a great time buy and sell real estate in Greater Boston, but fall 2025 is that time,"
"When sellers price right, they are still getting fantastic activity and results, but the increased inventory and dropping rates make it a great time to buy."
"One of the biggest factors that's been suppressing inventory is how many people took advantage of the historic rate environment we experienced a few years ago,"
"But at some point, having a 3.2% mortgage can't outweigh life's major changes and shifting priorities like a new job in a new area, evolving lifestyles, medical care or changes with family."
Single-family median price in Greater Boston reached $880,000 in September, up 3.5% year-over-year, with 813 single-family homes sold, a 9% increase. New single-family listings totaled 1,735, up 13.9%, while active single-family inventory rose 16.2% to 2,013 properties. Median days on market for single-family homes was 19, matching September 2024. Condo median price rose 1.4% to $670,000 with 669 condos sold, up 3.2%. New condo listings jumped 17% year-over-year and 148.3% month-over-month; condo median days on market were 22, and active condo inventory climbed 26.3% to 2,834. Increased inventory and falling rates improve conditions for buyers, while sellers who price correctly continue to receive strong activity. Many homeowners who locked low mortgage rates have remained in place, but life changes are expected to prompt additional listings over time.
Read at Boston Condos For Sale Ford Realty
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