The real estate market in the Greater Boston area is expected to be very similar to 2021 with double-digit price increases on limited inventory fueled by historically low interest rates that most likely will rise modestly later in the year. As you will see from the chart below, for 7 of our more popular zip codes, Zillow is projecting double-digit appreciation over the next 12 months across the board after another strong year in 2021.
Zillow is projecting double-digit appreciation over the next 12 months
As a seller or a buyer in the upcoming year, it is important to understand that the dynamics that drove the market over the past 12 months are still in place and that prices are showing no slowdown in their upward trajectory. If you are waiting on the sidelines to buy, there is really NO good reason to wait because that home in the next 12 months will only cost you more…$60,000-$100,000 depending on where and the current price point. We can only encourage you to act quickly if you see a home that is of interest, especially now with fewer buyers actively looking in the winter months.