Northeast Cities Dominate April’s Hottest Housing Markets—Buyers Face Bidding Wars
Key Takeaways Northeast housing markets are facing significant inventory shortages, reminiscent of pre-pandemic lows. Bidding wars are intensifying, with homes near employment and transit hubs selling rapidly and prices rising. The frenzy is spreading from major cities to outlying areas, signaling potential long-term shifts in the region’s real estate landscape. Intensifying Competition and Scarcity Define Northeast Real Estate Manhattan skyscrapers and Boston’s Back Bay brownstones are ground zero for a housing crisis, as Northeast cities face inventory plunges not seen since before the pandemic. Buyers battle in brutal bidding wars, with properties near hubs like Kendall Square snatched within days. Active listings are scarce, prices soar, and even exurbs like New Rochelle and Somerville are swept into the frenzy. Opportunities vanish in coveted zip codes— what’s next could upend Northeast property markets for years to come. Northeast Housing Shortage Fuels Bidding Wars As record-low...