Boston condos have seen unprecedented price increases, rising dramatically over the past five years, peaking with over 20% gains at times. The market, characterized by a higher number of buyers than available homes, has led to a nearly 60% national increase in property values within the same timeframe. This growth presents homeowners with significant equity, making it favorable to sell, especially if they've held their property for several years. Insights from local real estate agents can provide tailored assessments of current home values.
In just the past five years, home prices have skyrocketed, with Boston condos experiencing an unprecedented increase, far exceeding traditional annual growth rates.
Home values in Boston have risen significantly, with gains often reaching double digits, reflecting the competitive market driven by demand exceeding available supply.
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