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Greater Boston's housing market still soaring, putting ownership further out of reach for many


Greater Boston’s housing market still soaring, putting ownership further out of reach for many
Tim Logan
© EPA
Home prices in Greater Boston have surged this spring, thanks to strong demand and low inventory of homes available to purchase.
Another month, another record for Greater Boston’s red-hot housing market.
The median price of a single-family home in the region surged to $765,000 in April, according to data this week from the Greater Boston Association of Realtors. Condominium prices climbed too, topping $622,000.
The sky-high prices, along with a historic shortage of homes to buy, reflects a trend that has been building since the COVID-19 pandemic first rattled real estate markets a year ago. Buyers, eager for space and spurred by low interest rates, are scooping up whatever they can find, especially single-family homes in suburban towns. At the same time, many current homeowners are sitting tight, keeping supply off the marke ....

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Houses in Greater Boston cost more than ever last month


Houses in Greater Boston cost more than ever last month
The median price of a single-family home was almost $725,000
By Tim Logan Globe Staff,Updated April 20, 2021, 12:48 p.m.
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The Greater Boston housing market remained superheated in March.Steven Senne/Associated Press
House prices continued their surge in Greater Boston last month, with the typical single-family house now costing nearly $725,000 — the highest on record — and the supply of properties for sale remaining at rock-bottom levels.
The median price for single-family homes in the region jumped 14 percent compared with March 2020, to $723,750, while the number of homes on the market fell by one-third, according to the Greater Boston Association of Realtors. Condominium prices, by contrast, dipped slightly, down two-tenths of a percent to $617,500, while condo listings increased by 30 percent. ....

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