We're seeing an increase in residential sales activity in the core downtown Boston market right now. Year to date as of February 21, the number of properties going under agreement is nearly 16% higher than in 2020.Reasons for the increase in sales could include pent-up demand, low interest rates, and the increase in inventory (leading to more choice and less competition for properties you might make an offer on).As of mid-February, downtown Boston inventory of condos and single family homes combined is 37.26% above last year at this time. The chart below, from my latest Boston real estate market report, illustrates the rising inventory in recent years. The current availability of downtown Boston condos and homes is the highest it's been since 2011.
Higher inventory may be due in part to people who were going to put their properties on market in the spring of 2020 and postponed it until now. And some of the current sellers may be part of the uptick in number of people making a move from downtown to the suburbs.For more details on the downtown market, here's my latest report.If youhavequestions about buying or selling Boston real estate, please call me at
617-584-9790, or send me an email via the link below.
Boston Real Estate Headlines:
- Mass. housing market off to strong start in 2021, trade group says
- Why availability is the new affordability when it comes to homebuying
- Recent home sales in Boston and Cambridge (February 17)
Featured Boston Real Estate:
- 27 Highland Avenue, #27, Newton $595,000
- 267 Bolton Street, South Boston $1,450,000
- 400 Stuart Street, #18E, Back Bay $2,500,000
This eclectic 5 bedroom house high on the west bank overlooking Seneca Lake is listed by Timothy Spooner of my affiliate Sotheby's brokerage, Select Sotheby's International Realty. Built around 1830 by the first Dean of the Geneva Medical College, this home with 186' of lake frontage is designed to have lake views from every room. Entering the front door there are immediate views of the lake through large windows and French doors. Enjoy the views from large open porches on each level with direct access from the kitchen, great room and bedrooms. Home offers the original charm and character of high ceilings, grand woodwork throughout, multiple fireplaces, master suite, modern kitchen with quartz counters, updated baths, and 2nd floor laundry. The 1,074 sq ft finished lower level offers an array of uses from in-law suite to a home based business with private exterior access, and of course views of the lake.See more details and photos for