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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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    • -1′

    • I am NAR and you can rely on my “data.” Trust me…Have I ever lead you wrong before?

    • The truth is that banksters are MANIPULATING the nationwide RE market by carefully rationing the amount of distressed properties that they allow to TRICKLE onto the open market.

      At the same time, most Americans currently buying homes are FHA-sponsored DEADBEATS who can barely manage to scrape together the prerequisite 3% downpayment. Is it any wonder that 15% of these slobs fall into DEFAULT (yet again) withing the first 24 months?

      Good luck trying to “fix” the U.S. economy by openly promoting
      F-R-A-U-D.

      Why would ANYBODY with REAL

    • my best friend’s mother-in-law brought home $12987 the prior month. she is making income on the laptop and got a $519600 house. All she did was get fortunate and follow the steps explained on this link (Click on menu Home more information) http://goo.gl/z7U5j

    • Here in the Inland Empire (California’s San Bernardino / Riverside Counties) the asking for resale depends upon the seller. Whether the seller is selling short or bought too high and wants to get their money back. The medium 4 bedroom 3 bath 3,000 square foot home is $425,000 being listed as $500K plus. The selling price however averages $328K and is going downward on buy offers going lower. The figures are based upon 76 resale homes sold.

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