NAR sees an increase in home prices next year?
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NAR sees an increase in home prices next year?
Existing home sales rise year over year in June
Sales of all types of existing homes rose 2.8% year over year in June to an annualized rate of 4.09 million, while the median sales price hit a record high of $440,600, the National Association of REALTORS® said.
Single-family home sales climbed 3.3% year over year to 3.73 million, while condominium and co-op sales slid 2.7% to 360,000. Month over month, sales of all types of homes slid 2.8%, while single-family sales declined 2.4%, and condo sales decreased 2.7%.
The median sales price of single-family homes rose 1.8% year over year to $446,400, while the price of a condo climbed 1.6% to reach $380,000.
Ford Realty Menu of Flat Fee Listings for Boston and the North Shore
Buyers receive 60% rebate from our portion of the broker fee
As a home seller, it sounds like you have a solid grasp of the current 2026 landscape for flat-fee listings in the Boston and North Shore areas. Here is a concise breakdown of how those Ford Realty tiers typically function based on the service levels you’ve identified:
1. Basic “Entry Only” – $500.00
- Visibility: Your home is listed on the local MLS, which syndicates to Zillow, Realtor.com, and local brokerage sites.
- Your Role: You are the primary point of contact. You handle photography, scheduling all showings, vetting buyers, and all contract negotiations.
- Best for: Experienced sellers or those comfortable managing real estate paperwork and logistics independently.
2. Flat Fee (Assisted) – Starting at $1,500.00
- The Upgrade: The broker takes professional photos and handles the listing setup.
- Added Support: You gain professional guidance for the initial setup, ensuring the listing looks polished to attract higher-quality leads.
- Broker Role: 60-day listing, one open house per month, schedule day and evening showings. The negative is that the full fee is due after 60 days even if the house/condo doesn’t sell or go under agreement.
3. Full-Service – 1% Commission
- The Full Package: Professional photography and floor plans are included.
- Active Management: The broker hosts one open house per month and handles day/evening showings.
- Logistics: They are physically present for the BFD smoke detector inspection and the home inspection, taking significant stress off your plate.
Key Financial Reminders
- Buyer’s Side: Regardless of your flat fee, remember to factor in the 2%–3% commission for the buyer’s agent to keep your home competitive.
- Tax/Closing: Budget for the MA transfer tax ($4.56 per $1,000) and ensure all Condo fees are cleared to avoid delays at closing.
BUYERS REBATE
Boston and North Shore Buyers: We provide a 55% rebate of our commission to you, as the buyer, for homes priced over 500,000.
Click to View Ford Realty’s Google Reviews
Ford Realty Beacon Hill – Condo for Sale Office
Boston condos for sale – Ford Realty Inc
Updated: Boston Condos for Sale Blog 2025
Byline – John Ford Boston Beacon Hill Condo Broker 137 Charles St. Boston, MA 02114
NAR sees an increase in home prices next year?
The National Association of Realtors predicts that 2022 will bring slowing inflation, multiple Fed interest-rate hikes and a more measured pace of home-price growth.
More than 20 leading economic and housing experts surveyed by NAR expect the Federal Reserve to raise the federal funds rate by two separate 0.25% turns in order to slow the pace of inflation next year. The industry observers also expect to see home-price growth slow from the gangbuster pace it has enjoyed over the last year or so.
Specifically, the group of experts predicted annual median home prices will increase by 5.7%, and inflation will rise 4%, both representing slower gains than those seen in 2021, according to findings released at the organization’s third annual year-end Real Estate Forecast Summit.
“Overall, survey participants believe we’ll see the housing market and broader economy normalize next year,” NAR chief economist Lawrence Yun said. “Though forecasted to rise 4%, inflation will decelerate after hefty gains in 2021, while home-price increases are also expected to ease, with an annual appreciation of less than 6%. Slowing price growth will partly be the consequence of interest rate hikes by the Federal Reserve.”
Yun expects the U.S. GDP to grow at its typical historical pace of 2.5%, assuming no major disruptions from the omicron COVID-19 variant. He also expects the 30-year fixed mortgage rate to increase to 3.5%, as the Fed raises interest rates to control inflation. He noted, however, that his predicted rate is lower than the pre-pandemic rate of 4%.
While the 2021 housing market performed better than it has in 15 years, with an estimated 6 million existing-home sales, Yun expects sales to dip to 5.9 million in 2022. He also forecast housing starts to rise to 1.67 million, as the pandemic’s supply-chain backlogs are eased.
Also at the summit, the NAR unveiled its top 10 housing-market “hidden gems” for 2022. Homes in these markets are expected to see higher price appreciation relative to other markets during the year. In alphabetic order, the 2022 hidden gems are:
- Dallas-Fort Worth, Texas
- Daphne-Fairhope-Farley, Ala.
- Fayetteville-Springdale-Rogers, Ark.-Mo.
- Huntsville, Ala.
- Knoxville, Tenn.
- Palm Bay-Melbourne-Titusville, Fla.
- Pensacola-Ferry Pass-Brent, Fla.
- San Antonio-New Braunfels, Texas
- Spartanburg, S.C.
- Tucson, Ariz.
“The housing sector performed spectacularly in 2021 in many markets, with huge gains achieved in places like Austin, Boise and Naples,” Yun said. “Several markets did reasonably well in 2021, but not as strong as the underlying fundamentals suggested. Therefore, in 2022, these ‘hidden gem’ markets have more room for growth.”
NAR’s full report on 2022 predictions can be found here.
Boston Condos for Sale
Boston Beacon Hill condos for Sale Ford Realty I37 Charles St Beacon Hill
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It is hard to get through a day without joining a virtual class, presentation, or meeting. Yesterday I sat in on a presentation from Lawrence Yun who is the chief economist for the National Association of Realtors.
Mr. Yun is almost always bullish on real estate (I think that’ his job). With that in mind here is a screenshot of one of the slides in his presentation. Mortgage applications are up and interest rates are down. There is absolutely no doubt that there are a lot of downtown Boston real estate buyers who want to buy a Boston condo and who are planning to do so in the coming months.
Rising downtown Boston real estate values mean that homeowners have more equity. I think we will see that “K” shaped economic recovery. Yun also notes that in states like Massachusetts where there were was more of a shut down because of the pandemic unemployment rates are higher than they are in states (or were) that did not close as many businesses for as long. Yet the current unemployment rate in Massachusetts national has dipped from its high, unemployment rate is 6.9%. (which sounds much better than 7%)
The numbers on the slide are from October and November. December is already shaping up to be a strong month for home sales. In a typical year, home sales are lower in the winter than in the spring. So far nothing about 2020 had been typical.
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