August is here and we hope you have been enjoying the wonderful weather and some outdoor time at home, on the Cape, or wherever you may be! This month, Nick takes a look at the Boston rental market and the changes being seen over the past few months. He also gives tips on how you can enjoy these wonderful summer days!
Over the past few months, we have seen some shifts in the rental market in and around Boston, can you talk a bit about this?
The rental market here in Boston has taken a significant hit over the past few months. As of today (August 17th) we have 4740 units currently on the market vs 1807 at the same time last year (per MLS). This is an increase of 162.31%! We now have 6.41 months of supply just sitting there vs 2.33 last
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