Nearly Half of Boston Homes Sold For Below Original Price in 2025
A new report says half of Boston-area homes sold below the original listing price in 2025, suggesting buyers could get a noticeable discount this spring.
A new report says half of Boston-area homes sold below the original listing price in 2025, suggesting buyers could get a noticeable discount this spring.
Price cuts are on the rise throughout the nation, according to a new report from listings portal Zillow, and Massachusetts isn’t being spared.
Price cuts are becoming more common across the nation and in the Boston metro area, but they’re not growing nearly as fast as in the rest of the country.
With inventory building across New England’s three biggest housing markets, sellers are feeling pressure to cut prices.
While the residential real estate market has largely been tipped in the favor of home sellers, increased inventory is leading to more price cuts.
While homebuyer competition is increasing across the United States, the amount of homes in Boston selling for above asking price dropped year-over-year.
Prospective homebuyers are getting some relief amid high interest rates as price cuts are becoming more common nationwide. But the trend doesn’t appear to be affecting New England.
The share of Boston-area home listings with price cuts may be much less than the same months in 2018 and 2019, but the size of the reductions are like nothing seen in the last five years.
The number of homebuyers seeking mortgages for second homes has taken a nosedive this year, even as the inventories of single-family homes and condominiums for sale on Cape Cod hit never-before-seen lows last month.