Boston ZIP Code Named Hottest in U.S., Buyers Flock Fast
The Factors Fueling Boston's Real Estate Boom In Boston's ever-changing real estate market, change is a constant force. Early 2025 saw sharp fluctuations in housing demand that worsened inventory issues. Active listings dropped over 30%, marking a historic low. Key districts like South End, Charlestown, and Cambridge faced dire shortages. This intensified buyer competition significantly. Single-family homes and condos were briefly in high demand. Multiple offers pushed prices beyond initial expectations. Market conditions in Boston reflect a nationwide trend, as housing inventory in many major markets has hit record lows not seen since 2005. By mid-2025, a sign of stability appeared. Inventory increased by 27% for homes and 37% for condos. Nearly 25% of office space remained vacant throughout 2024, underscoring challenges that Boston's real estate market faces. This trend began to ease market pressures. It suggests potential stabilization in price growth, making it easier...