Strong and resilient economy: Boston's economy is powered by robust sectors like technology, life sciences, healthcare, and higher education. This economic diversity and strength attract a steady stream of high-income professionals and create consistent housing demand. Persistent housing inventory shortage: Boston's housing supply has consistently fallen short of demand due to limited developable land, strict zoning restrictions, and high construction costs.
The Boston housing market is very competitive, with homes typically receiving three offers and selling in about 25 days. July 2025's median sale price hit $825,000, holding steady year-over-year, while the median price per square foot clocked in at $706, down slightly by 0.56%.