Zillow’s new Housing Market Report suggests that prospective home buyers in the Boston area may face a Spring House Hunt as exasperating as the cool temperatures that rolled in last night.
The online real estate marketplace reported that buyers here are encountering a market in which roughly half of the homes are selling for more than their listing price: Forty-nine percent of the listings sold for over the asking price in March; back in 2019, that figure was only 26%.
The above-list price number was also high for Providence (47%) and Worcester (43.7%).
Source: Zillow: Metro Boston is facing the worst inventory crunch in the US
