Boston Real Estate Market Report August 2010

The Boston Real Estate Market may have seen a decline in sales volume but values are on the rise. The above data shows how August 2009 sales compare to August 2010. The numbers reflect the sale of Single family Homes, Multifamily Homes and Boston Condominiums. Sales volume was down by 24%. However, the average list price rose by 10% and the average sales price rose by 10% as well. These Numbers indicate that the market is on the rise, as a result we may have already seen the bottom of the Boston Real Estate Market, making this an ideal time to buy. With historically low rates and fair home values, buyers who are on the fence should seriously consider making a move before its too late.