Are Boston Foreclosures on the rise?
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Are Boston Foreclosures on the rise?
Yes. Foreclosure petitions in Massachusetts, including the Boston area, have been trending above pre-pandemic levels as of late 2025, with foreclosure filings in the state seeing a 17.2% year-over-year increase by December 2023. While nationwide activity shows a consistent yearly rise, some specific monthly data suggests a slight decrease in Boston, but overall distress is higher, driven by high interest rates and a backlog from pandemic-era delays.
Key details regarding Boston foreclosures:
- Rising Activity: Massachusetts saw a 17.2% year-over-year increase in foreclosure filings by December 2023.
- Regional Trends: In 2025, foreclosure filings in MA were higher than pre-pandemic averages.
- Concentration: Foreclosure petitions in Boston are often concentrated in specific neighborhoods, including Dorchester, Mattapan, Roxbury, and Hyde Park.
- Factors: The increase is driven by high interest rates, general financial struggles, and the clearing of a backlog of cases delayed during the pandemic.
- Response: The city of Boston introduced a $5 million Emergency Foreclosure Prevention Fund to support at-risk homeowners.
- Market Impact: Despite the rise in filings, many are being resolved through sales or interventions rather than abandoned, bank-owned properties.
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