Wednesday, March 12, 2014

Boston Real Estate Market Is Super Hot

“Boston’s real estate market was very healthy in 2013, performing well above the rest of the nation,” said Joseph Pucillo, Vice President of Brokerage Services for ZipRealty. The median home sales price for Boston homes stood at $330,650 in January 2014, a 14% year-over-year increase. That compares to a median home sales price of $259,914 in the combined metros tracked by ZipRealty, a 12.5% year-over-year increase. “Housing inventory remained low in Boston last year as well, and continues to trend downward. Inventory fell 21% annually to 17,104 homes at the end of January, whereas the combined inventory for the 24 metros surveyed by ZipRealty were only down 7% year-over-year during the same time period,” added Mr. Pucillo.

“We expect that demand for Greater Boston real estate will remain strong this year, spurred by the region’s world-class education systems and strong job growth in the medical and biomed sectors. People from all over the world are coming to Boston to study, and many of them stay here after they graduate,” noted Mr. Pucillo.

According to Zip, tfe 5 Most Popular Boston Neighborhoods are:

Zip Code
Jan. 2014 Median Home Sales Price
Jan. 2014 YOY
Sales Price Change
1) 02127
South Boston
2) 02124
Dorchester Center
3) 02116
South End, Back Bay
$1.135 million
4) 02122
5) 02119

And, oh yeah, Zip doesn't mention it, but this might have helped fuel the boom, especially given that Boston is a hotbed for money management.


  1. I am a professional who works in Real Estate in the Boston area. I can tell you first hand that the market here is booming. Particularly the areas of Medford/Somerville are seeing explosive price increases.

  2. Isn't Mass populated mostly by libs? Who would want to live there?

  3. Now in Indian The real estate market of Jaipur is super hot, wish to invest.. look
    Ultra luxury apartments in Jaipur.

  4. If the Developed countries real estate business is at boom, why not the developing countries stay to improve as there is much more boom.
    Ref - Premium apartments or flats in Jaipur