With our new Q3 market report just released, Nick takes a look at what he is seeing right now in the Boston real estate market. And, he gives his thoughts on what buyers and sellers can expect through the rest of the year.
What are some of the interesting trends you see in the recent market report?
The biggest trend I am seeing is that fewer transactions are happening in almost every neighborhood vs. 2021. This is something that we were expecting with rising interest rates and economic uncertainty that we are experiencing.
How do you expect these trends to impact buyers and sellers over the next few months?
Fewer transactions mean that demand is softening which, with rising interest rates, is expected. This means that sellers have to…