Rising demand and limited supply have combined to push U.S. home prices up by nearly 4% so far in 2024, highlighting a continuing affordability crisis in the housing market.
While coastal communities represent some of the most desirable locations, their fixed supply creates a stark contrast between rising demand and limited availability, leading to skyrocketing prices.
In Massachusetts, the housing market tells a nuanced story, where not all coastal areas are experiencing rising prices, reflecting the varied dynamics at play, even in high-demand markets.
With a median list price of $779,500 in Massachusetts, local housing trends demonstrate that while some areas are seeing price increases above 7%, others are defying the overarching trend of rising costs.
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