Here’s How Much House $1M Buys You Across the US
GREATER BOSTON, MASSACHUSETTS, JUL 18 – Median single-family home price rose 4.5% year-over-year to $1,003,250, with 1,292 homes sold in June, a 19.6% increase from May, Greater Boston Association of REALTORS reported.
- This June, Greater Boston median single-family home price reached $1,003,250,
- During the pandemic period, Mark Triglione noted that supply constraints created by the 2008 financial crisis and rising costs drove prices up, including interest rate hikes and soaring construction expenses.
- Greater Boston Association of REALTORS data shows 1,292 homes sold in June, rising 19.6% from last month and 5.8% year-over-year, according to GBAR data.
- Affordable housing advocate Jesse Kanson-Benanav warned, `the $1 million milestone is one that anyone really wants to reach`, highlighting need for affordability measures.
- Following the new inspection law, Oct. 15, Triglione said it could influence the Massachusetts’ Bay State market.
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Greater Boston single-family homes top $1M median price tag
Housing costs are at an all-time high in Greater Boston, with the median price of a single-family home across the region soaring past $1 million for the first time in history. Realtors and advocates say the milestone is a reminder that the region remains among the most desirable in the country, and proof that the Bay State is off the mark in developing housing for all residents. The Greater Boston Association of REALTORS has released data for sa…
·Boston, United States
Read Full ArticleGreater Boston home prices surpass $1 million for first time in history
For the first time in history, the median price of a single-family home in Greater Boston has surpassed $1 million, according to new data released by the Greater Boston Association of Realtors.
·Boston, United States
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Leaning Left1Leaning Right1Center20Last UpdatedBias Distribution91% Center
Bias Distribution
- 91% of the sources are Center
91% Center
C 91%
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