In January, Boston's real estate market saw a notable decline in home sales attributed to severe winter weather. According to the Boston Massachusetts Association of Realtors, single-family homes under agreement decreased by 7.3% compared to January 2010, while condominium sales fell even more sharply by 12%. Although bad weather played a role in these declines, experts suggest that other factors might also be at play, as agreements typically follow listings that have been marketed for weeks.
While the Boston Massachusetts Association of Realtors attributes a significant drop in January home sales to bad weather, the full story of declining sales is more complex.
Single-family home agreements fell 7.3% compared to January 2010, while condo sales experienced a sharper decline of 12%, driving home sales down.
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