Q3 Boston Home Sales down 35 Percent from a Year Ago

Boston, Massachusetts--(Newsfile Corp. - October 28, 2022) - Home sales transactions in Boston were down 35 percent for the third quarter of 2022 compared to the same period last year, the result of 20 percent less inventory and prices that continued to creep up, according to the Advisors Living's Quarterly Market Report, issued today.

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Key Takeaways:

• Motivated buyers can purchase a home at a discounted price compared to it was in a low-interest-rate environment, then refinance at a lower rate a few years down the road.
• Although residential prices were up somewhat over the third quarter of 2021, they were down 5 percent from the second quarter of this year.

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ABOUT ADVISORS LIVING AND BOSTON REALTY ADVISORS

Advisors Living is 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/142328