"This marks a 3.4% year-over-year increase, a smaller increase than we've seen in the past but still an increase," she said. "The recent data suggests that mortgage rates are likely to remain relatively high, perpetuating the issue of potential sellers with lower interest rates reluctant to enter the market, contributing to the state's supply issue."
"The Massachusetts condo market set a new record in November, with the median price reaching $511,955," Norton said. "Much like the single-family market, price growth is slowing significantly. This trend reflects the impact of elevated interest rates, which are tempering the pace of increases even as prices continue to edge upward."
Collection
[
|
...
]