Here’s How Much House $1M Buys You Across the US
GREATER BOSTON, MASSACHUSETTS, JUL 18 – Median single-family home price rose 4.5% year-over-year to $1,003,250, with 1,292 homes sold in June, a 19.6% increase from May, Greater Boston Association of REALTORS reported.
- Last Thursday, Greater Boston region median single-family home prices reached $1,003,250, surpassing the $1 million milestone, according to the Greater Boston Association of REALTORS.
- During the pandemic period, Mark Triglione noted that rate hikes drove prices up, while supply constraints since the 2008 financial crisis persisted, with interest rates roughly doubling and construction costs soaring.
- Greater Boston Association of REALTORS data shows 1,292 homes sold in June, rising by 19.6% from last month and 5.8% year-over-year, according to GBAR data.
- Affordable housing advocate Jesse Kanson-Benanav warned, `the $1 million milestone is one that anyone really wants to reach`, highlighting need for affordability measures.
- Following the new inspection law, Massachusetts’ new home inspection law takes effect on October 15, and Triglione said it could influence the market.
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Here’s how much house $1M buys you across the US | News Channel 3-12
Trong Nguyen // Shutterstock Here’s how much house $1M buys you across the US The number of American houses worth $1 million is at an all-time high, as home prices continue to hit new records. While million-dollar homes are out of reach for the vast majority of Americans, they are no longer just being bought and sold by the ultra-wealthy. In San Francisco, the median-priced home sells for more than $1.6 million – far above the national median of…
Here's how much house $1M buys you across the US
Here’s how much house $1M buys you across the US The number of American houses worth $1 million is at an all-time high, as home prices continue to hit new records. While million-dollar homes are out of reach for the vast majority of Americans, they are no longer just being bought and sold by the ultra-wealthy. In San Francisco, the median-priced home sells for more than $1.6 million – far above th...
Greater Boston single-family homes top $1M median price tag
Housing costs are at an all-time high in Greater Boston, with the median price of a single-family home across the region soaring past $1 million for the first time in history. Realtors and advocates say the milestone is a reminder that the region remains among the most desirable in the country, and proof that the Bay State is off the mark in developing housing for all residents. The Greater Boston Association of REALTORS has released data for sa…
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