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Real Estate Market Trends 2014-2015


Market Trends 2014-2015


Real Estate Market Trends 2015 vs. 2014

The Greater Boston real estate market was still booming throughout 2015!

Here is a short summery of some of the Greater Boston communities’ real estate market trends in 2015 compared with 2014:

  • Newton, Brookline, Cambridge and Lexington median price for single family homes (SF) crossed the $1M mark. In Newton, the median price for a single family went up 15% in 2015, Brookline is up 4%, Cambridge 8% while Lexington’s median price for a single family went down 5%.
  • Condos median prices in Newton, Brookline and Cambridge went up as well and were 8%-9% higher than last year.
  • Boston neighborhoods saw an increase in condo median prices, Jamaica Plain up 8%, South End up 11%, Brighton up 14% and Back Bay went up over 30% in comparison with 2014!
  • Number of homes sold (both single families and condos), was slightly higher than last year in most communities. In Needham there was a 12% increase in single families sold,  336 homes in 2015 compared with 300 in 2014.

If you wish to hear a more detailed analysis of the market in your community, don’t hesitate to email me: osnat@osnatlevy.com or call: 617-833-1055.

I am looking forward to help you, your friends and family, with all your real estate needs in 2016.

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