Market Conditions - July 17, 2006 by Carla L. Davis
Boston, Massachusetts, is just one city having a difficult time with the current adjustments the market is making. One expert reports to Realty Times, "The greater Boston area has been under tremendous pressure this spring to perform in a manor much like last year. It cannot. In fact, the South Shore is off 9.2 percent in the number of sales." Boston itself is still seeing rising prices -- up around 3.4 percent over last year. This is considerably less than in years past, and shows that the market has had to cool to make housing more affordable. Inventories are skyrocketing, as many sellers are rushing to cash in on the current prices. But as prices rise, fewer buyers decide, or can afford, to enter the market at this time. Our experts are reporting that the market is already moderately in favor of buyers and is seeing slightly dropping prices compared to previous trends. "Currently there are 696 single family homes on the Boston market with median price of $440,000 and average price of $635,791." | 
