Updated: Boston Real Estate Blog 2023

Byline – John Ford Boston Beacon Hill Condo Broker 137 Charles St. Boston, MA 02114

Visit our Beacon Hill office at 137 Charles Street, Beacon Hill MA 02114

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Real Estate Price Reductions

Real Estate Price Reductions

With national mortgage interest rates rising its no surprise that certain parts of the country are experiencing home price reductions. 

Updated: Boston condo for sale website 2023

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Real estate information site Trulia.com says that as of July 1, one out every four people trying to sell a home in the U.S. has had to lower their asking price at least once this year. The average listing has been reduced by 10%. The grand total of the price reductions adds up to $27.1 billion.

In Boston, 35% of all listings had a price reduction totaling $54,084,186.00 with an average reduction by 8%. Hmm, I wonder if any were in the Back Bay.

Click here to enlarge real estate chart

File Under: Sorry Bradley