Thanks to the COVID-19 the downtown Boston real estate market is being asked, yet know one really has the answers to yet— What if companies let workers work remotely for the rest of their lives? Why go back to retail shopping when I’m already ordering everything online? What’s the point of living “downtown Boston” if half of the restaurants, bars, and museums never open back up?
To get a better view on what’s really happening to real estate in America right now I decided that it was time to do a deep dive into the actual data from the experts—including Zillow and Realtor—on how COVID-19’s great migration is actually shaking out and where the money and bodies are moving.
Here’s what I found out.
The Northeast real estate market remains strong, despite all omens otherwise since New York City was the original epicenter of COVID-19 flight back in March, and the overall low-tax, lower regulation trends across the country that aren’t in the region’s favor. According to realtor.com’s most recent data, five of America’s hottest real estate markets are in New England (plus New York State)—Melrose, MA, Portland, ME, Hudson, NH, Worcester, MA, and Rochester, NY—each of which ranked in the top ten across more than three categories including lowest days on market, list-to-sale ratio, or page views per-property.
Read the full article here: