I compare the state of the Boston market to last year at this time.

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How is the Boston market doing? Today I'm going to compare the state of the Boston market to what we saw last year at this time. In April 2020, we were in the midst of a major pandemic. From March to June, the market hardly even existed. A lot of young families were leaving this city, and we didn't see that push that we're seeing right now.

The good news is that everybody's getting vaccinated, so we're starting to see a lot of empty nesters move back into the city. We're also seeing parents buy condos again for their kids who are either in grad school or starting college. We didn't see these positive signs last year. We also didn't see many international buyers, but we're starting to see more and more. Honestly, it's making the Boston market really hot.


 

     These are the trends we saw in 2019 that we're starting to see again.

 


Inventory is still pretty low in the city. In some neighborhoods to the south end and southeast, we’re floating at around 125 listings. Last fall, there were almost 300 condos on the market. There’s a huge supply and demand difference in this market.

If a property is priced right, it will sell very quickly, especially if it's in a great neighborhood. If you’re a seller who’s on the fence and you're thinking about whether to sell now or wait, I would recommend listing as soon as possible. Right now, rates are still around 3%. They did dip again, so that's great for buyers.

Inventory is still low in Boston and we have a lot of buyers. We have a lot of families upgrading to bigger places with more outdoor space. These are the trends we saw in 2019 that we're starting to see again.

If you have any other questions about the local market in Boston or a specific neighborhood, please reach out to me. I’d love to help you. If you know anybody that's thinking about buying or selling, reach out to me. I'd love to help them, too.