In Boston, the median price for a one-bedroom apartment is now $300 more expensive compared to New Year's Day, showcasing a recent market trend despite a 5% year-over-year decrease.
Rental prices in Boston show a contrast with broader national trends, where the pace of rent growth is slowing, suggesting a more complex local housing market influenced by various inventory factors.
While one-bedroom market prices have mostly stabilized, two-bedroom units and studios experience diverse year-over-year changes, with significant price increases in certain areas like Fenway and Brighton.
Despite overall declines in rental pricing for certain apartment types in areas like Allston and Dorchester, Roxbury and Fenway have shown massive price increases, leading to a mixed rental landscape.
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