Looking to buy a home in Boston? Or trying to find an investment property? Then you need to watch this video!

Boston's real estate market is one of the most expensive in the country, with average home values exceeding $1 million in many ZIP codes across the metro. Growth rates over the last five years have been strong in some areas, but weak in others.

What's the consistent trend? Affordability.

Affordable ZIP codes - those in towns like Everett, Chelsea, Dorchester, and Brockton - are leading the way in growth for Boston's metro-area real estate market. Appreciation in these neighborhoods is exceeding 10%/year!

Meanwhile, the expensive ZIPs - those located in the Back Bay, South End, Seaport, Weston, Newton, and Wellesley - are lagging the rest of the market. Growth in these areas is barely exceeding inflation.

The other central question Boston real estate investors and home buyers need to ask themselves is if now is a safe time to buy. On the positive end of the spectrum, Boston has minimal construction of new homes. This means that supply in the market will remain tight, putting upward pressure on prices.

But on the other end of the spectrum is Boston's weak economy, which has lost 10% of its workforce in 2020. That's one of the worst job loss figures in the US and will be drag on Boston's real estate market.

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