As inventory levels across Massachusetts continued to shrink, the median sale price for both single-family homes and condominiums climbed in September on a year-over-year basis, according to a new report from The Warren Group, publisher of Banker & Tradesman.
Nearly half of all Greater Boston home sales in September closed above list price, real estate listings and data company Zillow said, citing new research detailing just how fierce competition for new homes has been this summer and fall.
September’s home sales figures confirm this summer’s talk of a sudden intensification of buyers’ interest in the suburbs was no mere passing fancy. But public officials should not take this to mean it’s pointless to build the kind of denser housing we need to beat climate change and our never-ending affordability problems.
