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BACK BAY RATED HOTTEST RE MARKET IN MASS

Last week Back Bay was rated #1 statewide. Boston Busines Journal reported that Nine out of the top-20 housing markets in the Bay State were located in Boston proper during the fourth quarter of 2012. No suprise here, inventory is down, demand is high.

File under – Where are the sellers?

HOME VALUE DATA 

Neighborhood: Boston – Back Bay

*Median home value: $746,600

*% homes with a 1-year value decrease: 3.4%

*1-qtr. value change: 5.3%

*1-year value change:15.0%

*5-year value change: 4.3%

-Collin