Greater Boston's housing market still soaring, putting ownership further out of reach for many

Greater Boston’s housing market still soaring, putting ownership further out of reach for many
Tim Logan
© EPA
Home prices in Greater Boston have surged this spring, thanks to strong demand and low inventory of homes available to purchase.
Another month, another record for Greater Boston’s red-hot housing market.
The median price of a single-family home in the region surged to $765,000 in April, according to data this week from the Greater Boston Association of Realtors. Condominium prices climbed too, topping $622,000.
The sky-high prices, along with a historic shortage of homes to buy, reflects a trend that has been building since the COVID-19 pandemic first rattled real estate markets a year ago. Buyers, eager for space and spurred by low interest rates, are scooping up whatever they can find, especially single-family homes in suburban towns. At the same time, many current homeowners are sitting tight, keeping supply off the market.

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