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Cities With Least Realistic Home Prices

BOSTON

  • Median listing price: $319,000
  • Median sales price: $325,000
  • Percent difference: +2%

Boston’s market wasn’t as clobbered as much as some regions of the country and remained fairly stable throughout the recession, experts say. But recent signs indicate sales are picking up in earnest. “Properties that have been sitting for a long period of time are starting to move,” says David Cary, managing director of Integra Realty Resources in Boston. “We didn’t have the tremendous explosion of growth in Arizona, Florida or Nevada,” he says, “so we didn’t have to absorb that excess inventory.” What’s more, increased demand for high-end condos and homes in the South End bodes well for the wider real estate market there, says Matthew Cloutier,  a realtor based there.

Higher earners see value at current prices, Cloutier says – in fact, a third of his buyers are paying all cash. “We started noticing we weren’t in a typical winter market last Thanksgiving or Christmas,” he says. “It didn’t slow down the way it usually does.” But inventory is still tight: of the 140 South End residences on the market, 33 have offers, while an additional 102 units were recently pulled off the market, Cloutier says.

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