HELLO, SUMMER!
“Coming together is a beginning; keeping together is progress; working together is success.”
- Edward Everett Hale
Dear friends, neighbors, and valued clients,
As June comes to a close, we want to take a moment to express our sincere gratitude to everyone who joined us at the Boston Pride for the People this month, for the 3rd year in a row! What an incredible celebration of love, identity, and community!
We were honored to set up our booth along the parade route in the Boston Commons where we shared in the joy, handed out PRISM totes, and had a blast playing Boston Real Estate Trivia with so many of you. Thank you for stopping by, sharing a laugh, and making meaningful connections with us. Your enthusiasm for learning about housing truly made our day.
Empowering Buyers & Sellers
Whether you’re buying your first home or selling one for the first time, we’ve got you covered. Our First-Time Home Buyer and First-Time Home Seller Seminars are designed to make the process clear, confident, and stress-free.
These sessions include:
• Step-by-step breakdowns of the buying/selling journey
• Guidance from our knowledgeable agents
• Financing tips, market trends, and more!
Upcoming Seminar Dates:
📍 First-Time Home Seller Seminar – [Saturday 9/13 at 11am, in person]
📍 First-Time Home Buyer Seminar – [Wednesday 9/17 at 6pm, online]
Reserve your spot today – these events are free, but space is limited!
www.prismrealestategrp.com/seminar
Continuing Our Commitment
Community is at the heart of everything we do. Whether it’s celebrating Pride, supporting local organizations, or helping you navigate Boston’s real estate market, we’re proud to be your neighbors in real estate and in life.
Thank you for trusting us with your home journey and for letting us be part of something bigger.
With appreciation,
Prism Real Estate Group
Boston Real Estate Market Snapshot
Alongside the heat wave, red-hot demand continues, with median sale prices near $830K–$870K. Inventory has ticked up slightly, aiding moderate buyer leverage, but supply growth is tempered by slower completions. Rental rents are slowly climbing. Policy incentives (e.g. conversions, zoning reform) are promising but unlikely to instantly resolve the housing tightness. Still, sellers hold steady advantage. Homes continue to sell quickly, with an average of 33 days on the market.
Rental Market: The rental market remains robust, with average rents around $3,200 per month and low vacancy rates of 3.8%. This trend is driven by limited new construction and rising home prices, pushing more individuals toward renting.
Buyer Strategy: Given the competitive nature of the market, especially in desirable neighborhoods, prospective buyers should be prepared for multiple-offer situations. It's advisable to secure mortgage pre-approval and be ready to act swiftly when suitable properties become available.
Seller Strategy: For those considering selling, market conditions present an opportunity to capitalize on accumulated home equity.
Sustainability: There is an increasing demand for energy-efficient homes, solar panels, and sustainable building materials. Zoning changes encouraging downtown construction and carbon-neutral builds may boost long-term inventory.
Looking Ahead
The current market is competitive, characterized by limited inventory and sustained demand, particularly in mid-tier and luxury segments. If you or someone you know is considering buying, selling, or investing in the Boston area, we're here to provide guidance tailored to your specific needs.
