Lets inspect the Boston condo inventory numbers
The number of homes available to buyers climbed 18.7% in June, the sharpest year-over-year increase in the history of the Realtor.com Monthly Housing Trends Report.
While active listings increased, so did prices. The median home price in the report increased 16.9% to $450,000, compared to June 2021.
In the Boston-Cambridge-Newton region, the median listing price increased 8.6% year over year to $759,000, while active listings increased by just 0.4%, well behind the national trend.
Compared to June 2021, active inventory increased in 40 of the 50 largest U.S. metros, led by Austin, Texas (+144.5%), Phoenix (+113.2%) and Raleigh, N.C. (+111.7%).
“While we anticipate that more inventory will eventually cool the feverish pace of competition, the typical buyer has yet to see meaningful relief from quickly selling homes…”
Updated: Boston Real Estate Blog 2022
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Today, I would like to have a blog post regarding Boston condo inventory. My purpose, to find out if certain price range condos have a shortage of inventory or a glut. But first, we need to set the ground rules. How would you like to see the breakdown of the inventory. For example should I start $200,000 – $300,000 and move up to $301,000 – $400,000 ect…
Second option could be to group the price inventory on a larger spread. For example:
$300,000 – Less
$301, 000 – $600,000
Looking for ideas?