2023 Year in Review: The Greater Boston Real Estate Market

2023 Year in Review: The Greater Boston Real Estate Market

As we close out 2023, the data tells a fascinating story. Despite high interest rates, the Greater Boston market remained incredibly resilient.

The Key Data Points

Price Appreciation: While some parts of the country saw dips, premier towns like Newton and Wellesley saw price increases of 3-5%. Inventory Levels: We ended the year with record-low inventory, which kept competition high even with fewer buyers in the pool. The 'Luxury' Factor*: The $2M+ market was especially active as high-net-worth buyers moved to secure 'generational' homes.

What's Next?

We anticipate a strong 2024 as rates begin to stabilize and pent-up demand returns to the market.

[[CTA]] Curious about how your home's value changed in 2023? Request your free Year-End Market Report today.