Is This Actually a Good Time to Buy in Boston?

Here’s a real-world example from Jamaica Plain: we recently helped a buyer purchase a condo for $220,000 less than an identical unit in the same building sold for in June.

Same building. Identical unit. $220,000 difference.

Does that mean every Boston property is selling at a discount? Absolutely not. But it shows why buyers shouldn’t assume higher mortgage rates mean there aren’t opportunities.

With some buyers sitting on the sidelines, we’re seeing opportunities to negotiate below asking price, secure seller credits toward closing costs, and even use seller concessions to help buy down mortgage rates.

Boston isn’t one real estate market. Conditions vary dramatically by neighborhood, property type, price point, and seller motivation.

At Mission Realty Advisors at Compass, Eric Johnson and our team help buyers identify where the opportunities actually exist and negotiate strategically.

If you’ve been waiting for rates to fall before buying, it may be worth taking another look.

Thinking about buying a home, condo, multifamily, or investment property in Jamaica Plain or Greater Boston? Contact Eric Johnson and Mission Realty Advisors at Compass.