I hope everyone had a wonderful Thanksgiving filled with family, friends, and delicious food!. We are incredibly thankful for your tAs the holiday season is upon us, we want to extend our warmest wishes to you and your families. This is a special time to reflect on the year gone by and to look forward to the opportunities that lie ahead. From all of us at Berkshire Hathaway HomeServices Warren Residential, we wish you joy, peace, and prosperity throughout this festive season and into the new year.

A Look at the 2024 Real Estate Market

Boston Condo Market: The Boston condominium market in 2024 has shown mixed results. While the number of units listed increased by 7.46%, reflecting growing activity, average sale prices saw a slight decline of 2.10%. The average price per square foot rose by 2.73%, indicating continued demand for urban living spaces. Inventory levels increased by 17.25%, resulting in an average months' supply of 2.42, reflecting a moderate buyer’s market in certain segments.

Massachusetts Single Family Homes: The single-family home market across Massachusetts demonstrated robust growth in 2024. Average sale prices climbed by 7.13%, and the average price per square foot rose by 9.41%, signifying strong demand. The number of closed units increased by 4.02%, while average days on the market remained steady. This consistent performance highlights the resilience and desirability of suburban and rural living options in the state.

These trends underscore the varied opportunities in our local real estate market, whether you’re considering buying, selling, or investing.

Looking Ahead

As 2024 comes to a close, thank you for entrusting us with your real estate needs. Your support means everything to us, and it’s been our privilege to help you achieve your goals this year. We look forward to continuing to serve you in 2025 and beyond, providing the expert guidance and personalized service you deserve.

From our family to yours, happy holidays and a wonderful new year!

Nick Warren
Broker/Owner Berkshire Hathaway HomeServices Warren Residential