While approximately 90 percent of metro areas in the country experienced increases in profit margins, Boston was one of a select few cities that saw profits from home sales decrease in the first quarter of 2021. However, it should be noted that the Boston real estate market is more the exception than the rule. “The typical $70,050 home-sale profit represented a 34.2 percent return on investment compared to the original purchase price – down from 37.1 percent in the fourth quarter of 2020 but still higher than the 30.8 percent level recorded a year ago.” That was down from $75,750 in the fourth quarter of 2020 but still up 26 percent from $55,750 in the first quarter of 2020.” Home Sales Report, “the typical first-quarter 2021 home sale in the United States generated a profit of $70,050. Even in times of distress, investors across the country appear to have weathered the storm and come out on the other side even stronger, at least according to Attom Data Solutions’ latest Home Sales Report.Īccording to the first-quarter 2021 U.S. In one year, markets experienced one of the worst setbacks imaginable, only to rebound stronger than ever. There is no doubt about it: The pandemic has had a drastic impact on real estate investors across the country. Median Household Income: $71,115 (latest estimate by the U.S. Median Days On Market (Boston Metro): 18.20 (-1.90 year over year)īoston-Cambridge-Quincy Unemployment Rate: 5.9% (latest estimate by the Bureau Of Labor Statistics)īoston Metro Population: 692,600 (latest estimate by the U.S. Median Home Value ( 1-Year Forecast): +10.5% The following will not only provide insight into the current state of the Boston real estate market but it is also intended to offer an in-depth perspective on the area’s most viable investment strategies. Improving consumer sentiment, rising employment levels, and historically low interest rates are paving the way for real estate to thrive in Boston over the course of 2021, and real estate investors who listen to market trends could find themselves in a good position to take advantage of long-term secular trends. Over the first half of 2021, in fact, the median home value in Boston has tested new highs each month, which begs the question: How is the real estate market in Boston? While the local housing sector has certainly been put to the test in the last year, real estate in Boston is doing well. Much like everywhere else, real estate in Boston, Massachusetts, has increased in value for the better part of a year. The Boston real estate market continues to operate at breakneck speeds. Jump To Another Year For The Boston Real Estate Market:
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