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Monthly Update with Nick. May 2024.

I hope you all had a fantastic Memorial Day weekend, enjoying the beautiful weather and some well-deserved relaxation. It's been an exciting time for Boston sports fans as well, with our Celtics continuing their successful playoff run, culminating in a sweep of the Pacers earlier this week. Now, we're all looking forward to the NBA Championship starting next week!

In the real estate world, the Boston condo market is showing some interesting trends. We're seeing a slight upward trend in available inventory, with 1,024 units currently on the market compared to 904 at this time last year. This increase is primarily due to an 8.44% rise in new listings this year. However, this boost in inventory hasn't translated into more closed transactions, with only 1,178 condo closings year-to-date, marking a 12.09% decrease. On a positive note, average sales prices remain strong, showing a 2.98% increase year-over-year to $1,080,063.

For those considering investing in Boston real estate, this month’s blog post delves into the opportunities and insights that can help you make informed decisions. From understanding the market dynamics to leveraging financing options, we’ve got you covered with valuable tips to maximize your investment potential.

We also want to remind you of the various resources and support available to you through Berkshire Hathaway HomeServices Warren Residential. Our team is always here to assist with any of your real estate needs, whether you're buying, selling, or looking to invest. Feel free to reach out to us with any questions or for personalized guidance.

Go Celtics!


Nick Warren
Broker/Owner Berkshire Hathaway HomeServices Warren Residential

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