Boston, MA Housing Market in Trouble?
Boston, MA Crash?
A video on YouTube popped up on my feed titled Boston, MA in Trouble? That one put me back… Immediately started thinking, what did I miss? Which led me down the rabbit hole on sales data and analyzing one of the biggest cities in the country. Let’s dig into this.
But real quick. My name is Jeff Chubb and I am a retired investment banker, turned real estate agent that has sold more than a 1,000 homes. I get calls, text and emails from folks just like you who are looking to make a move. So, whether you are looking to buy in the next 9 or 90 days, then it doesn’t matter. I would be honored to help you. You can find my information in the description below or visit YouTubeRealEstateAgent.com and fill in your info and then we will reach out to you.
First, I should point out that the channel and the real estate agent on it was from Maryland. And he was interviewing another agent in the Boston market. And while scrolling through Maryland's agent videos… I got the sense he was into click bait and panic porn.
Let’s get going with the data, but spoiler alert… The Boston Market crashed… But probably not how you think.
So let’s take a look at a Quarter over Quarter analysis on the sales, average prices and the inventory levels in Boston.
In the first quarter of 2023, Boston sold 721 condos for an average sales price of $1,044,914. And at the end of the first quarter of 2022 there were 787 condos on the market.
This is compared to the first quarter of 2022 when we had 938 condos sell for an average...