May 2023 Housing Report
Linda O’Koniewski, CEO, Leading Edge is reminded of the wisdom in the words of John F. Kennedy: "Change is the law of life. And those who look only to the past or present are certain to miss the future." Indeed, the ever-evolving landscape of our local market offers a thrilling glimpse into what lies ahead.
While prices continue to rise in every category, we are noting a slow down in appreciation of multi-unit properties.
As for what is happening in the market at large, there is increased interest in eco-friendly and sustainable living options, as well as the remarkable growth of transit-oriented developments. From the impressive rise in adaptive reuse projects, breathing new life into historic buildings, to the boom in mixed-use communities that cater to the evolving needs of modern urban dwellers, our market is continuously adapting to change. So, buckle up and join us in exploring the captivating intricacies of Greater Boston's real estate market - where the only constant is change itself.
The following are location-specific overviews of market changes year-over-year, for a sampling of neighborhoods in the Greater Boston Area. Don't see your town listed? Contact me for a custom report!