"Boston's active listings rose 10.1% year over year in April, more than double the national growth rate of 4.6%. However, new listings only increased by 0.9%, indicating that the inventory growth was due to homes sitting longer rather than a surge of new supply."
"The median list price in Boston fell 9.1% year over year to $949,500, significantly more than the national decline of 1.4%. Despite this drop, Boston remains one of the most expensive markets in the country, nearly double the national median of $425,000."
"The typical Boston home sold in just 31 days in April, which is roughly 40% faster than the national median of 52 days. This speed indicates that well-priced homes are still in high demand, and hesitation in the market can be costly for buyers."
Boston's real estate market experienced a 10.1% increase in active listings year over year in April, while new listings rose only 0.9%. The median list price fell 9.1% to $949,500, yet Boston remains significantly more expensive than the national median. Homes sold quickly, with a typical sale taking just 31 days, which is 40% faster than the national average. Despite the price adjustments, the market remains competitive, indicating that well-priced homes continue to attract buyers rapidly.
Read at SFGATE
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