We’re now two weeks removed from the peak of the 2022 apartment rental market and something remarkable is happening in Somerville.  Historically, the real-time vacancy rate (RTVR) spikes on 9/1 on account of the large number of apartment leases expiring on 8/31.  Over the past 3 years, Somerville’s September RTVR increased by +175.85% (2021), +293.10% […]
By: Demetrios Salpoglou
 Sep 20
Boston apartment vacancy is extremely low at 0.43%, leaving renters with few options to choose from. On another front, interest rates to buy a home are extremely high right now after the Fed raised rates for the fourth time- and are expected to raise them for a fifth time soon. Mortgage rates are currently sitting […]
By: Taylor Oliveira
 Sep 14
Over the past year, there has been a large increase in the average rental prices of Boston apartments. Rising inflation and a looming recession have worsened the affordability problem for renters and property owners alike- costs for property maintenance keep going up. There has been a 14.25% increase in the average rent of studio apartments […]
By: Carlos Christensen
 Sep 13
The city of Boston has experienced record housing market growth over the past decade. Median sale prices have soared on account of a tight supply of for-sale properties and growing demand. In 2011, the median sale price for a single-family home in Boston was $375,000. Just 11 years later, that figure has more than doubled […]
By: Anthony Tse
 Aug 30
September 1 is quickly approaching and many renters are still searching for a Boston apartment in an extremely tight market. The real- time vacancy rate (RTVR) is now at 0.25% for the city of Boston and the real- time availability rate is 0.84%. Real estate agents all over the city are running out of properties […]
By: Andrew Pitsios
 Aug 26
Chicago and Boston are both iconic American cities that enjoy international acclaim. Boston is a relatively small city, but with a lot of history and plenty of opportunities. It is known around the world for being the cradle of American history, home to the Boston Common, and where you’ll find hardcore football fans cheering for […]
By: Carlos Christensen
 Aug 25
The current demand for apartments in Medford is at an all time high. The Real- Time Vacancy Rate (RTVR) and the Real-Time Availability Rate (RTAR) are 20- 30% below the pre-pandemic levels- meaning there’s just not enough inventory. This much demand in the Medford area is typical. Due to the lack of inventory, the average […]
By: Sarah McMahon
 Aug 04
Based on the most recent rental supply figures, demand for Medford MA apartments has never been stronger.  Thus far in 2022, both apartment availability and vacancy rates in Medford have remained 20-30% below their pre-pandemic levels from 2019.  During COVID, rental supply levels and average rent prices remained stable in Medford compared to most Greater […]
By: Demetrios Salpoglou
 Aug 01