10 Boston-area communities where the home market is soaring
High prices and low inventory make these heady days — at least for sellers.
High prices and low inventory make these heady days — at least for sellers. It’s hard to believe that just 10 years ago housing values began falling around the nation, signaling the start of what would become the worst economic downturn in more than seven decades. In 2005, the median price of single-family homes in Eastern Massachusetts reached a pre-crash peak of $465,000. By 2009, that figure had plunged nearly 13 percent, to $407,500.
But the Commonwealth suffered less than many other states, and rebounded faster.
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