Boston’s property market has boomed in the past year. In June, the average home price peaked at a record $900,000, a gain of 11 per cent over June 2021, according to the Greater Boston Real Estate Board (GBREB).
Prices of Boston’s luxury homes increased at an even sharper pace, fed by a surge of high-end condo developments. The average price hit $2.2mn in June, up 16.1 per cent from the previous year, and nearly 30 per cent from June 2020, according to real estate brokerage Redfin.
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