2021 Ends with All-time Low Inventory of Suburban Homes for Sale

Boston, Massachusetts--(Newsfile Corp. - February 21, 2022) - The year 2021 ended with the lowest number of single-family homes for sale in the Commonwealth ever since records have been kept, according to Advisors Living's Fourth Quarter Suburban Market Report, issued today, and homes listed for sale at the end of the last quarter had an average listing price of more than $1 million.

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Key Takeaways:

• Fewer than 2,600 homes were listed for sale in all of the Commonwealth, the report said.
• Of the 54,000 home sales closed in the state during the year, the average home sold for 104 percent of its original listing price.

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ABOUT ADVISORS LIVING AND BOSTON REALTY ADVISORS
Advisors Living a residential real estate platform associated with Boston Realty Advisors. BRA is a full-service commercial real estate brokerage and consulting firm with an integrated team of highly experienced and entrepreneurial professionals, with capabilities including tenant and landlord representation, investment sales, and property consulting as well as financing activities. Boston Realty Advisors is the largest Boston-based independent commercial real estate and consulting firm. For more information, please go to www.advisorsliving.com and www.bradvisors.com.

Contacts:

Tom Palmer
617.755.7250
tompalmer@rcn.com

Source: Advisors Living

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114367