Market Report: October 2022

In this market report, we are excited to present key market statistics and explore what these figures could mean to buyers, sellers, renters, and investors! Let’s reflect on what has been going on across the region…

In Arlington, while inventory has seen a small decline in the number of single-family homes sold year-over-year, the average sale price is up a substantial 21.6%. The condo market has seen a sharp decrease in sales but has remained relatively stable with sales prices increasing only 9.3% year-over-year.

Inventory in Boston proper remains tight, following a trend we have seen throughout 2022. There has been a decrease in the number of homes sold across all neighborhoods year-over-year. The average sale price for condos in the Back Bay is down 58% year-over-year and it is down 16% in Beacon Hill. If you have been thinking of buying, now is still a good time. 

We want to help you make informed decisions. Don’t see your community featured in this report or are you looking for information on another type of property? Contact a Senné associate to learn more about what is going on in your local market. Our experts are here to assist with all your real estate needs.