"Boston's median listing price fell 12.1% year-over-year to $966,250 in March, far outpacing the national decline of just 2.1%. Despite this drop, Boston's median remained more than double the national benchmark of $416,000."
"Active listings rose 4.8% year-over-year in March to 1,025 homes, trailing the national inventory gain of 6.2%. Newly listed homes surged 6.5% year-over-year, a meaningful jump compared to the national rate of just 0.7%."
"Homes still sold in just 36 days, well ahead of the national pace. For buyers and sellers active right now, this is a market that's repricing fast but moving even faster."
"Only 10.4% of listings carried a price reduction in March, well below the national rate of 16.3%. Sellers weren't slashing prices mid-listing - they were pricing more realistically from day one."
Boston's real estate market features a median listing price of $966,250, down 12.1% year-over-year. Homes sold quickly, averaging 36 days on the market. Active listings increased by 4.8% to 1,025 homes, but supply remains tight. Newly listed homes surged by 6.5%, indicating more homeowners are entering the market. Despite price drops, Boston's median price is still more than double the national average of $416,000, with sellers pricing realistically from the start.
Read at SFGATE
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